Pitney Bowes Inventor Breaks 100th U.S. Patent Milestone

STAMFORD, Conn., October 08, 2007 - Pitney Bowes Inc. (NYSE: PBI), the worlds leading mailstream solutions company, today announced that inventor Robert Cordery was recently granted his 100th and 101st U.S. patents in September. Cordery becomes only the second technologist in Pitney Bowes history to reach this prolific level. The milestone hundredth patent is a mail processing system that encodes mailpieces with unique barcoding to verify the processing of each mailpiece by a carrier or third party.

Cordery has worked for Pitney Bowes in research and development since 1984. In 1989 he joined the Technical Ladder, a career path parallel to management, where he is a Principal Fellow at Pitney Bowes. He holds patents in mailstream communications, value added services, mail rating, postage payment, metering, meter infrastructure, barcode reading, printing, key management, electronic commerce, electronic article surveillance, safe mail, and voting.

Our customers depend on innovation to meet the fast-paced requirements of a competitive marketplace, and I am pleased to help them excel in this area, said Cordery.

Cordery played a key role in the evolution of cryptographically secured postage evidencing at Pitney Bowes and currently participates in ISO standards for 2D barcode verification. He is also a USPTO Patent Agent and will be a judge at next years Connecticut Invention Convention. He is also a member of a variety of organizations, including the American Physical Society, the IEEE Computer Society and the Society for Industrial and Applied Mathematics. He has authored 18 science and engineering related articles and is the recipient of eleven awards honoring him for his work in the field, including Pitney Bowes Inventor of the Year in 1995 and 2000. Bob holds a Ph.D. in theoretical statistical physics from the University of Toronto.

Bob has reached a milestone in his 23-year R&D career that puts him in a category among other great inventors of his time, said President and CEO Murray Martin. Bob, like so many other great inventors at Pitney Bowes, has succeeded in fulfilling real market needs. His achievements have contributed greatly to the innovative spirit at the heart of Pitney Bowess success.

Ronald Sansone is the most prolific inventor in Pitney Bowes history with 121 U.S. patents. A former Pitney Bowes fellow and vice president of Strategic Innovation, his innovative focus was on enhancing Pitney Bowess core business by developing and integrating new technologies.

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.