ePac adds HP Indigo 20000 units to expand its business
throughout US with new business model
HP Inc. (NYSE: HPQ) today announced that ePac Flexible Packaging,
the all-HP Indigo digital flexible packaging leader, is purchasing
20 HP Indigo 20000 digital presses to expand its business
strategically throughout the US.
The largest deal to date for the HP Graphics packaging business,
the new ePac order is estimated to be worth over $100 million,
including hardware, supplies and services.
“ePac’s rapid success using HP Indigo is proof positive that the
market is ripe for digital transformation,” said Enrique Lores,
President, Imaging, Printing and Solutions, HP Inc. “In two years,
ePac has become a force in digital flexible packaging with HP
Indigo at the center of its visionary business model. We look
forward to building on this momentum as more companies like ePac
unleash the versatility and power of HP digital print.”
ePac experiencing triple-digit growth
ePac is currently enjoying triple-digit growth by delivering
high-quality packaging with fast turnaround to benefit brands,
especially its main customer base of SMBs. The 20 new HP Indigo
20000 presses are scheduled to be installed at sites throughout the
US by 2020, as it expands its business model to 15 locations.
Four ePac sites are currently operating eight HP Indigo 20000
presses. This third wave of presses will bring the installed base
to 28 units to support increasing customer demand and serve new
locations, including the recently announced Boston and Austin
sites, joining Madison, Chicago, Miami, and Boulder.
Founded in May 2016 as a Greenfield business, ePac Flexible
Packaging is the first North American all-digital, all Indigo full
service, printer/converter providing economical short and medium
run length jobs, to brands of all sizes, with rapid time to market
and true high definition quality graphics. ePac is a full service
converter, offering a range of end-to-end solutions including HP
Indigo Pack Ready Lamination, eBeam curing, and pouch-making
lines.
“ePac’s collaboration with HP Indigo is a huge success and we
believe this can easily turn into a billion dollar business,” said
Jack Knott, CEO, ePac Flexible Packaging, at Pack Expo 2018 in
Chicago, where the deal with HP was signed on Tuesday. “Thanks to
HP Indigo digital printing and our unique business model, our
customers are benefitting from an improved experience, including
completing orders within 10 business days – compared with six to 12
weeks for conventional printing – as well as reduced environmental
impact and on-demand customization.”
ePac is experiencing strong demand from many market segments,
including the rapidly growing natural/organic food and sports
nutrition markets, added Carl Joachim, ePac CMO. SMBs benefit from
quick time to market and ordering to demand, while larger brands
are ordering medium-run length multi-SKU orders, and variable
data/imagery for innovative marketing campaigns, he said.
Growing momentum for HP Indigo 20000 Digital
Press
The HP digital disruption now gaining a foothold in the
packaging arena can be evidenced by more than 160 HP Indigo 20000
digital presses already sold to converters around the world, up
from 100 a year ago.
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 solution 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.
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 volumes 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.
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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on Twitter, YouTube and LinkedIn.
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 customers to harness the full power of digital
printing. More information about ePac is available at
epacflexibles.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,
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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
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and events; the need to manage third-party suppliers and the
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risks associated with business combination and investment
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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.com |
Mark Karayan, Edelman for HPmark.karayan@edelman.com |
Carl Joachim, ePac, cjoachim@epacllc.com |
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