Exhibit 99.1

German Federal Patent Court Rules for Baldwin in Dispute with
technotrans

    SHELTON, Conn.--(BUSINESS WIRE)--July 23, 2004--On July 21st 2004,
the Federal Patent Court in Munich, Germany, upheld the validity of
Baldwin Germany GmbH's cooling combination patent (European Patent
0602312B1), which was the subject of a revocation action brought by
technotrans AG.
    This ruling by the Federal Patent Court follows the decision
rendered by the Duesseldorf Higher Regional Court (OLG) in 2002, which
had ruled that technotrans AG had infringed Baldwin's patent with the
FKT-C combination devices sold by technotrans through November 2002.
This decision was appealed to the Federal Supreme Court (BGH), which
has not yet reached a decision on the appeal. That Court had indicated
that it would await the outcome of the revocation action brought by
technotrans concerning the patent's invalidity in the Federal Patent
Court in Munich. On July 21, 2004, this revocation action was rejected
by the Federal Patent Court in Munich. This ruling can be also be
appealed to the Federal Supreme Court.
    The effectiveness of the patent has thus provisionally been
confirmed, and Baldwin will now examine a claim for damages based on
the patent infringement.
    As a technology innovator, Baldwin has a number of cooling
combination patents that form the technical backbone of the
multifunctional Baldwin CombiLiner systems. In addition to cooling and
circulating the fountain solution for offset printing, these models
also supply the cooling water for controlling the temperature of
inking units in offset presses.
    Baldwin Technology Company, Inc. (BLD on the American Stock
Exchange) is the leading international manufacturer of press accessory
and controls for the commercial and newspaper printing industries.

    CONTACT: Baldwin Technology Company, Inc., Shelton
             Helen Oster, 203-402-1004