Jun 16, 2010. /Lesprom Network/. Mitsubishi Paper Holding (Europe) GmbH, has signed an agreement to license two-sided thermal paper intellectual property from NCR Corporation, the company said in a statement received by Lesprom Network. This license gives the company’s subsidiary, Mitsubishi HiTec Paper, the worldwide right to make, use and sell two-sided thermal paper under NCR’s two-sided thermal paper intellectual property. “We are pleased to add Mitsubishi as a licensed provider of high quality 2ST brand thermal papers. Their high quality two sided thermal papers will significantly expand availability of two-sided papers in support of a growing number of two-sided printing applications, including our popular Bank Statement Printing Solution,” said Dan Bogan, Senior Vice President and General Manager of NCR Consumables Solutions. “As a worldwide leader of high-value added thermal paper solutions, we at Mitsubishi HiTec Paper are glad to offer two-sided thermal media for this exciting printing technology to our customers. Our thermoscript two-sided thermal papers will not only help increase both operational efficiency and customer service, but will also reduce paper consumption and offer additional promotional options for the end user,” said Falk Jahns, Business Development Manager of Mitsubishi HiTec Paper. Among the many benefits of NCR’s 2STTM two-sided printing technology is that it improves the efficiency of the printing process by allowing simultaneous printing on both the front and back side of a receipt or other media. By using less paper, it also helps reduce environmental impact while optimizing productivity and lowering costs. Mitsubishi Paper Holding (Europe) GmbH is a wholly owned subsidiary of Mitsubishi Paper Mills Ltd., Tokyo. As the majority shareholder in Mitsubishi HiTec Paper Bielefeld GmbH and Mitsubishi HiTec Paper Flensburg GmbH, the holding company is responsible for the corporate strategy of the German companies, which manufacture a full range of high-tech speciality papers: Thermal papers, digital imaging papers and carbonless papers.