Pitney Bowes Honors Three With 2006 Invention of the Year

STAMFORD, Conn., May 18, 2007 - Pitney Bowes Inc. (NYSE: PBI) announced that Engineering Fellow John P. Miller, Senior Engineering Fellow John Sussmeier and Senior Engineer Anthony Yap received the 2006 Invention of the Year Award. The winning invention relates to high speed digital metering using multiple print heads. The employees received their award at the companys 15th annual Inventor Recognition Dinner held last evening at the companys World Headquarters in Stamford.

The winning invention allows two ink jet printers to be used in connection with a high speed inserter system for printing postage indicia. This means non-stop printing, a no-mess work station and the ability to add advanced messaging onto mail pieces. The patent is currently used in the Pitney Bowes DM Infinity Mailing Machine.

I am pleased to present the 2006 Invention of the Year, said Pitney Bowes President & CEO Murray Martin. This invention meets a real market need, allowing our customers to be more productive in a demanding, high-speed environment. The tremendous demand for the Pitney Bowes DM Infinity Mailing Machine is all the proof we need that innovation is alive and well at our company.

The dinner also honored Robert Cordery and Ron Sansone for achieving the highest number of U.S. patents for 2006, with 10 patents each. These patents cover such diverse areas of technology as: absentee voter ballot processing, improved print quality for postal readability, and recipient control over delivery. David Beckstrom, who reached his 30th patent milestone, entered the Patent Hall of Fame, where Pitney Bowes recognizes its prolific inventors when they receive their 30th, 50th and 100th patents.

Pitney Bowes intellectual property portfolio includes more than 3,500 patents worldwide in areas such as shipping, laser printing, encryption and mailing.

About Pitney Bowes:

Pitney Bowes is a mailstream technology company that helps organizations manage the flow of information, mail, documents and packages. Our 35,000 employees deliver technology, service and innovation to more than two million customers worldwide. The company was founded in 1920 and annual revenues now total $5.8 billion. More information is available at www.pb.com.