Xerox provides the document industry's broadest portfolio of offerings. Digital systems include color and black-and-white printing and publishing systems, digital presses and "book factories," advanced and basic multifunction systems, laser and solid ink network printers, copiers, and fax machines. Xerox's services expertise is unmatched and includes helping businesses develop online document archives, analyzing how employees can most efficiently share documents and knowledge in the office, operating in-house print shops or mailrooms, and building Web-based processes for personalizing direct mail, invoices, brochures and more. Xerox also offers associated software, support and supplies such as toner, paper and ink.

Headquartered in Norwalk, Conn., Xerox is ranked No. 1 in the computer category on FORTUNE magazine’s World's Most Admired Companies listing and No. 147 among the FORTUNE 500. Xerox has 57,100 employees worldwide, and its operations are guided by customer-focused and employee-centered core values -- such as social responsibility, diversity and quality -- augmented by a passion for innovation, speed and adaptability.

Of the $17.6 billion in 2008 revenue, the United States accounted for $9.1billion; Europe accounted for $6 billion; and Latin America, Canada and other countries accounted for $2.5 billion.

Through its strong focus on investing in innovation, Xerox earned more than 230 worldwide awards, and launched 29 products in 2008 that were delivered through a broad set of sales channels.

Finally in 1944, the Battelle Memorial Institute in Columbus, Ohio, contracted with Carlson to refine his new process, which Carlson called "electrophotography." Three years later, The Haloid Company, a maker of photographic paper in Rochester, N.Y., approached Battelle and obtained a license to develop and market a copying machine based on Carlson's technology. Haloid later obtained all rights to Carlson's invention. Carlson and Haloid agreed the word "electrophotography" was too cumbersome. A professor of classical languages at Ohio State University suggested "xerography," derived from the Greek words for "dry" and "writing."

Haloid coined the word "Xerox" for the new copiers, and in 1948, the word Xerox was trademarked. Inspired by the early, modest success of its Xerox copiers, Haloid changed its name in 1958 to Haloid Xerox Inc. The company became Xerox Corporation in 1961 after wide acceptance of the Xerox 914, the first automatic office copier to use ordinary paper.

September 2004 marked the 45th anniversary of the Xerox 914. More than 200,000 units were made around the world between 1959 and 1976, the year the company stopped production of the 914. In 1985, 26 years after its introduction, Xerox announced that it would no longer renew 914 service contracts in the United States. Instead, a time and materials repair service was offered for the more than 6,000 units still in operation. Today, the Xerox 914 is part of American history as an artifact in the Smithsonian Institution.

Building on Xerox's experience in quality, in late 2003 Xerox began an enterprise-wide effort integrating Six Sigma and Lean Manufacturing tools and processes into a comprehensive strategy called Xerox Lean Six Sigma. It is a disciplined, data-driven method of reducing waste and variation in processes so they consistently deliver products and services at the quality levels, speeds and prices that customers value -- and therefore improve Xerox business results. As of year-end 2006, Xerox had more than 4,500 trained "Green Belts," and more than 800 "Master Black Belts" and "Black Belts" led projects in every business throughout the company, many working directly with and on behalf of customers.

Diversity practices are deployed throughout all core operations. Under the company's balanced work force strategy, senior managers are expected to proactively manage diversity objectives through staffing, retention, promotions, leadership development and work environment initiatives.

At the end of 2006, Xerox's U.S. work force was 14.4 percent African-American, 8.5 percent Hispanic, 6 percent Asian and 0.8 percent Native American. Women made up 31.5 percent of the total U.S. work force of 28,400. About 42.5 percent of Xerox senior executives are women or people of color or both.

Caucus groups are another piece of the diversity story. These independent groups of Xerox employees date from the 1960s. The six caucuses, akin to networking and mentoring groups, are instrumental in advocating openness, opportunity and inclusion for the entire Xerox community and work with management to achieve common business objectives. Caucuses exist for African-American, Hispanic, Asian, women, African-American women, and gay/lesbian employees.

Xerox has been consistently recognized by independent organizations for its employee diversity successes as well as for its commitment to supplier diversity. Since 1985, Xerox has purchased more than $5 billion in goods and services from minority-, women- and veteran-owned businesses in the United States.

In all, the Foundation contributed $12 million in 2006 across five areas: education and work force preparedness, science and technology, cultural affairs, national affairs, and employee/community activities. Employee/community activities are supported primarily through four programs.

The Xerox Community Involvement Program helps fund teams of employees who work on specific community projects of their choosing. In 2006, nearly 10,000 employees participated in XCIP projects across the country, and more than 430,500 employees have worked on more than 17,150 projects since 1974.

Under the Social Service Leave Program, employees are granted paid leaves of up to one year to work on social action projects of their choice. The program, one of few corporate sabbatical programs designed to provide opportunities for employees to work full-time in their communities, is believed to be the oldest of its kind in American business. Since the program began in 1971, 475 employees have been granted a leave, including six employees for 2007.

The Foundation also matches employee gifts to higher education under the Xerox Employee Matching Gifts Program -- about 2,000 gifts in 2006. And under the Employee United Way program, it educates employees about United Way services and administers employee contributions. In 2006, Xerox people and the Foundation together gave $3.7 million to United Way.

Each new generation of Xerox products offers increasing functionality while conserving energy and materials and requiring fewer hazardous substances throughout the product life cycle. Hundreds of Xerox products have met the environmental performance requirements of the world's most widely recognized certifications -- including Canada's Environmental Choice EcoLogo and the international ENERGY STAR^®.

Xerox multifunction systems offer inherent environmental benefits. WorkCentre^® and WorkCentre Pro^® models are modular and easy to upgrade so customers can buy only the functions they need, conserving resources. Advanced controller technology allows the system to perform several functions - print, copy, fax or scan - at once, making it possible for a multifunction system to replace several standalone machines.

Xerox Phaser^® solid ink printers are notable for conserving materials. They weigh about 25 percent less than typical color laser printers, and they produce about 90 percent less waste during use because they require no cartridges and minimal consumable supplies.

Xerox also offers high-quality recycled papers with up to 30 percent post-consumer waste content. Xerox machines are optimized for their use. A growing number of papers are manufactured using elemental chlorine-free or totally chlorine-free bleaching and de-inking processes. As one of the largest resellers of cut-sheet paper in the world, Xerox ensures the practices of its paper suppliers are consistent with its environmental goals. In 2003, Xerox issued to its paper suppliers a set of environmental requirements, which support Xerox's commitment to source paper from suppliers that practice sound environmental management and sustainable forestry.

Xerox has integrated environmental considerations into its manufacturing operations through implementation of an ISO 14001-conforming environmental management system. All Xerox manufacturing sites have achieved certification to this standard. Xerox also has pledged to cut greenhouse gas emissions from worldwide operations by 10 percent from 2002 to 2012. Xerox is on track to meet that goal as a result of energy reduction initiatives that include innovative manufacturing processes, "green" building design, and implementation of energy efficiency measures in facilities and vehicle fleets.

XEROX is a registered trademark of Xerox Corporation.

Xerox is incorporated in New York.