Exhibit 10.10
Memorandum of Understanding
between
Accent Color Sciences, Inc.
and Oce Printing Systems USA, Inc.
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This Memorandum of Understanding dated October 10, 1996, sets forth the basic
intentions of the parties, Oce Printing Systems USA, Inc. (hereinafter called
Oce) with offices at 0000 Xxxxxx Xxxxx Xxxxxxxxx, Xxxx Xxxxx, Xxxxxxx 00000, and
Accent Color Sciences, Inc. (hereafter called ACS), with offices at 000
Xxxxxxxxxxx Xxxxxxxxx, Xxxx Xxxxxxxx, Xxxxxxxxxxx 00000. The basic intentions of
the parties are to jointly cooperate in marketing ACS color printing
modules-in-two-basic configurations: the first, a module capable of accepting
variable data and printing multi-color in conjunction with Oce's continuous
forms printing systems; the second, a module capable of accepting variable data
and printing multi-color in conjunction with Oce's cut sheet printing systems.
It is the current intent of the parties:
1. To jointly market both continuous forms and cutsheet forms modules, on an OEM
basis. Initial availability of production quality continuous forms modules
for internal certification and systems testing with limited availability
customer shipments will be in January of 1996. The parties agree to negotiate
jointly the initial availability date of production quality cutsheet modules.
2. To designate Xxx Xxx as Oce's project leader and to designate Xxxxx Xxxxxxxxx
as ACS's project leader.
3. To conduct ongoing coordination meetings, with regularly scheduled weekly
telephone conference calls, to develop the detailed strategy for marketing
and service of the modules.
Oce and ACS will jointly cooperate to complete both Development and Distribution
agreements no later than November 30, 1995. Oce and ACS agree that while items
1,2, and 3 above are the current intentions of the parties, such items are only
the current intentions, do not constitute a binding agreement, and are subject
to further negotiation and execution of a definitive marketing agreement. Oce
and ACS further agree that the parties will keep any discussions and
communications confidential until the final execution of such agreements.
Agreed upon by the undersigned duly authorized representatives of the parties.
/s/ Xxxxxxx X. Xxxxxx /s/
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Oce Printing Systems USA, Inc. Accent Color Sciences, Inc.
By: Xxxxxxx X. Xxxxxx By: Xxxxxx X. Xxxxxxxx
Vice President, Marketing President
