HP Inc. (NYSE:HPQ) today announced that ePac Flexible Packaging, an
all-digital flexible packaging converter, purchased 10 additional
HP Indigo 20000 digital presses to expand operations across the US
through mid-2019. The new order quadruples production capacity for
ePac and is the largest packaging deal for HP to date.
Photos accompanying this release are available at
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The purchase is ePac’s second expansion with the high-capacity
HP Indigo 20000 flexible packaging press since launching just 18
months ago with one HP Indigo unit. ePac currently uses three HP
Indigo 20000 digital presses in Madison and Boulder, and the 10 new
units will be deployed coast-to-coast in new facilities opening
in Los Angeles, Houston,
Chicago, and Miami.
“ePac helps simplify how brands of all sizes buy flexible
packaging. Rapid turnaround time, low minimums, customization,
graphics quality, and the ability to print to demand differentiate
ePac from conventional flex pack converters,” said Jack Knott,
CEO, ePac Flexible Packaging. “Printing is the core enabling
technology we have built ePac on, with the HP Indigo 20000 serving
as the foundation of our manufacturing platform. ePac’s
collaboration with HP is fundamental to our growth strategy,
as we look to adding ePac sites in the months ahead.”
The HP Indigo 20000 Digital Press provides converters the
freedom to produce nearly any flexible packaging application, in
addition to labels, and shrink sleeves on film or paper – all with
the proven quality to help meet strict brand requirements.
“HP Indigo digital printing technology means greater flexibility
for brands and entrepreneurs, and a more meaningful connection for
their consumers,” said Santi Morera, Global Head of Graphics
Solutions Business, HP Inc. “HP is thrilled to play an integral
role in ePac’s rapid rise to success over the past two years – and
with today’s purchase, it’s a relationship we support proudly
in the months and years to come.”
Growing market for flexible packaging
Smithers Pira forecasts growth in flexible packaging, with
digital forecast to increase at more than 17.1% CAGR in the
five-year period to 2022, when this market is expected to reach
more than $750 million. “High-quality printing allows converters to
offer new features and functions in flexible packaging to brands
and retailers with economic short runs and faster turnaround key
advantages. Innovative campaigns are boosting end user
engagement and experiences, opening new business opportunities for
the early adopters,” said Sean Smyth, Smithers Pira.
Since its release in 2014, converters around the world have
purchased more than 115 HP Indigo 20000 digital presses. The 30
inch (76 cm) HP Indigo 20000 can print virtually any sized flexible
packaging application with unlimited variation and support demand
for growing SKUs, alongside benefits of reduced waste from minimal
setup and production of only the quantities needed.
The HP Indigo 20000 is connected to HP PrintOS, allowing PSPs to
monitor the press performance in real time anywhere and anytime,
and thus continuously optimize operations. Powerful apps running on
the cloud-based PrintOS platform offer advanced capabilities that
simplify and automate the print operations. In addition, by
connecting their brands directly to PrintOS, PSPs can efficiently
produce large jobs’ volume and be part of a global print
network.
The HP flexible packaging ecosystem has grown to include
end-to-end solutions including HP Indigo Pack Ready Lamination for
immediate time-to-market with high-performance laminates. The
system consists of the Pack Ready Laminator, supplied by Karlville,
and Pack Ready Film. In addition, eBeam is offering a solution for
surface print protection.
More information on the HP Indigo 20000 Digital Press is
available at hp.com/go/hpindigo20000.
Learn more about HP digital printing at hp.com/go/graphic-arts.
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About HP
HP Inc. creates technology that makes life better for everyone,
everywhere. Through our portfolio of printers, PCs, mobile devices,
solutions, and services, we engineer experiences that amaze. More
information about HP Inc. is available at http://www.hp.com.
About ePac Flexible Packaging
ePac Flexible Packaging is a full-service provider offering
pre-media, digital printing, laminating, and pouch making services
through its network of United States based locations. Focused on
short and medium run length jobs for brands of all sizes, ePac
dramatically simplifies the process of buying flexible packaging,
while enabling our customers to harness the full power of digital
printing. More information about ePac is available at
http://www.epacllc.com.
Forward-Looking Statements
This news release contains forward-looking statements that
involve risks, uncertainties and assumptions. If the risks or
uncertainties ever materialize or the assumptions prove incorrect,
the results of HP Inc. and its consolidated subsidiaries (“HP”) may
differ materially from those expressed or implied by such
forward-looking statements and assumptions.
All statements other than statements of historical fact are
statements that could be deemed forward-looking statements,
including but not limited to any projections of net revenue,
margins, expenses, effective tax rates, net earnings, net earnings
per share, cash flows, benefit plan funding, deferred tax assets,
share repurchases, currency exchange rates or other financial
items; any projections of the amount, timing or impact of cost
savings or restructuring and other charges; any statements of the
plans, strategies and objectives of management for future
operations, including the execution of restructuring plans and any
resulting cost savings, revenue or profitability improvements; any
statements concerning the expected development, performance, market
share or competitive performance relating to products or services;
any statements regarding current or future macroeconomic trends or
events and the impact of those trends and events on HP and its
financial performance; any statements regarding pending
investigations, claims or disputes; any statements of expectation
or belief; and any statements of assumptions underlying any of the
foregoing.
Risks, uncertainties and assumptions include the need to address
the many challenges facing HP’s businesses; the competitive
pressures faced by HP’s businesses; risks associated with executing
HP’s strategy; the impact of macroeconomic and geopolitical trends
and events; the need to manage third-party suppliers and the
distribution of HP’s products and the delivery of HP’s services
effectively; the protection of HP’s intellectual property assets,
including intellectual property licensed from third parties; risks
associated with HP’s international operations; the development and
transition of new products and services and the enhancement of
existing products and services to meet customer needs and respond
to emerging technological trends; the execution and performance of
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the hiring and retention of key employees; integration and other
risks associated with business combination and investment
transactions; the results of the restructuring plans, including
estimates and assumptions related to the cost (including any
possible disruption of HP’s business) and the anticipated benefits
of the restructuring plans; the resolution of pending
investigations, claims and disputes; and other risks that are
described in HP’s Annual Report on Form 10-K for the fiscal year
ended October 31, 2015, HP’s Quarterly Reports on Form 10-Q for the
fiscal quarters ended January 31, 2016, April 30, 2016 and July 31,
2016, and HP’s other filings with the Securities and Exchange
Commission. HP assumes no obligation and does not intend to update
these forward-looking statements. HP’s Investor Relations website
at http://www.hp.com/investor/home contains a significant amount of
information about HP, including financial and other information for
investors. HP encourages investors to visit its website from time
to time, as information is updated and new information is
posted.
© 2018 Hewlett-Packard Development Company LP. The information
contained herein is subject to change without notice. The only
warranties for HP Inc. products and services are set forth in the
express warranty statements accompanying such products and
services. Nothing herein should be construed as constituting an
additional warranty. HP Inc. shall not be liable for technical or
editorial errors or omissions contained herein.
Nina Gilbert, HPnina@hp.comwww.hp.com/go/newsroom |
Lacey Haines, HPlacey.haines@hp.com |
Mark Karayan, Edelman for HP mark.karayan@edelman.com |
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