Axonix Corp., a Salt Lake-based company developing and manufacturing peripheral items for computers, has introduced the first dot matrix printer weighing less than five pounds.
Dave Cox, vice president of marketing, said the printer, which weighs 4 3/4 pounds, was introduced at the Computer Dealer Exposition in Chicago and so far has been a "runaway success."Cox said this is the only portable printer that can produce multiple copy forms and provide all of the features found in desktop printers. He said dot matrix printers require plenty of power to operate, requiring extensive mechanism.
Previously, the printers his company was producing weighed 6 1/2 pounds. He considers the new machine a miracle that combines power and portability.
Development of the new machine was made possible by a $50,000 grant in the Small Business Investment Program of the Utah Technology Finance Corp.
Cox also announced his company has signed contracts worth between $3 million and $5 million each with NEC Corp., and Brother International, both of Japan, to build peripheral products for their new computers. He said they had plenty of competition from companies in Taiwan and Korea.