TROY Group Celebrates 50 Years:
Expert in Security Printing Continues to Leverage Expierence to be the
Leading Provider of Secure Output Solutions
Wheeling, WV – August 27, 2013: The year 2013 marks a half century in business for TROY Group, Inc., a worldwide leader and recognized expert in the printing and management of security documents. TROY celebrates its 50th anniversary as an innovator in specialty printing solutions after a year that included record sales growth, success of a new healthcare division, new product launches, a government partnership and its sixth consecutive award from business partner HP.
As it reaches this milestone, TROY Group has enjoyed the largest sales growth percentage in company history, having responded to the demands of a global security market that sees increased aggressiveness in fraud and forgery methods. Today TROY sells its solutions in more than 60 countries and has been awarded numerous patents for security toners, coatings and software solutions.
According to CEO Patrick J. Dirk, TROY has a history rich in progressive development of security printing innovations, going back to its founding in 1963 when the company introduced a unique method of manufacturing print drums for impact printers. Through the 1970’s, TROY continued developing this proprietary drum technology to create high-speed check printing systems by adding the special magnetic ink character recognition (“MICR”) characters to print drums. TROY sold these printers, with various speeds and capabilities, to banks, insurance companies and large corporations throughout the world. In 1975 the company designed the current government check and sold printers to the US Treasury, Army, Navy and Air Force for payroll, retirement and other benefit checks.
TROY introduced the first desktop laser check printer in 1986 and the solution quickly became popular with branch banks and insurance companies. In 1993, HP sought TROY’s partnership to provide its customers with MICR capabilities. That same year TROY opened its current MICR toner manufacturing facility in Wheeling, WV. Through partnership with HP, the company continued to grow as a leader in on-demand printing solutions well into the next decade.
In 2008, TROY leveraged its expertise to develop an innovative secure prescription printer. Last year, TROY formed a new division, TROY Healthcare Solutions, to focus on the company’s current prescription printing capabilities and to address new demands for enhanced secure information technology solutions in healthcare.
TROY’s milestone year included a launch of several products into new markets, including TROY UV toner and TROY UV MICR toner to the global security printing market and TROY Check Print for QuickBooks and TROY Check Print for Sage 50 to the alternative finance and tax preparation markets. TROY also expanded electronic health record system interfaces to TROY Secure Rx prescription printing solutions.
TROY was honored with HP’s 2013 Innovation in Partnership award, its 6th consecutive accolade from HP. TROY also partnered this year with Homeland Security Investigations (HSI) on Operation Genesius, a corporate outreach program aimed at preventing document and identity fraud.
Dirk believes the TROY brand has been a key to the company’s success. “TROY has a solid reputation as a leader in document print security,” he said. “We’ve been able to define our strengths and work within that area of expertise to gain a firm understanding of the needs of the industry. We believe TROY has become indicative of integrity, security and quality.”
Also critical are a dedicated management team and workforce. “We are so proud of the staff we’ve assembled. Our employees are a team of professionals who are committed to exceeding our customers’ requirements and meeting the industry’s highest standards of quality,” Dirk said.
About Troy Group
TROY Group, Inc. (“TROY”) is a worldwide leader of secure on-demand printing solutions. TROY solutions manage, secure and simplify end-to-end enterprise printing environments. TROY offers application software, security printing hardware and specialized consumables for securely printing checks, money orders, transcripts, prescriptions and other important documents. TROY solutions are used by small and medium size businesses as well as large enterprises and governmental organizations to manage fraud, operational risk and comply with government regulations related to protecting information privacy. As a Platinum Solutions Partner to HP, TROY is the only company in the world authorized by HP to enhance HP printers and consumables for use in secure printing workflows. Only TROY MICR and Security printers and HP compatible MICR Toner cartridges are certified by HP for quality and reliability. We sell and service our products to major corporations, banks, key government accounts and distributors worldwide. Visit TROY at www.troygroup.com