Kornit Digital Expands Partnership with Delta Apparel
February 11 2019 - 8:00AM
Kornit Digital Ltd. (NASDAQ: KRNT), a company that develops,
designs and markets innovative digital printing solutions for the
global printed textile industry, today announced it has received an
order from DTG2Go, a Delta Apparel, Inc (NYSE American: DLA)
company and leader in the direct-to-garment printing and
fulfillment marketplace.
The order follows several months of beta-testing
of the recently released Kornit Atlas system by DTG2Go, during
which Kornit was able to showcase the enhanced features of the most
advanced industrial direct-to-garment solution available on the
market. Key features of the Atlas include high volume
throughput, attractive cost of ownership and featuring the new
NeoPigment™ Eco-Rapid inkset specifically designed for
sustainability and retail-quality digital textile printing. Per the
agreement, DTG2Go will take delivery of 10 Atlas systems in 2019,
along with a significant number of HD upgrades for DTG2Go’s
existing Kornit Avalanche systems.
Kornit’s Chief Executive Officer, Ronen Samuel
commented, “We are honored to expand our partnership with Delta
Apparel as a key technology supplier as they expand their reach
with digital printing. Delta’s unique platform strikes at the core
of the changing needs in the retail supply chain, by offering a
vertically-integrated digital print fulfillment model with quick
delivery at an affordable price. The inclusion of the Atlas will
greatly enhance the options and capabilities that Delta will be
able to offer its customers. The all-new industrial Atlas has
leading-edge technology with annual production capacity of over
350,000 impressions and optimizes production efficiency at the best
cost of ownership available. We look forward to working
collaboratively with Delta to deliver on this order and expand on
this important relationship.”
"We are excited about the order with Kornit
Digital. This marks another milestone in Delta and Kornit's
strategic partnership and we look forward to continuing our close
collaboration in 2019,” commented Deborah Merrill, Delta Apparel
Inc.’s CFO and President, Delta Group. Ms. Merrill continued, “Many
of the new, innovative capabilities of the Kornit Atlas, including
the wrinkle detection and pallet ergonomics, present clear
productivity benefits. The new NeoPigment™ Eco-Rapid ink used
in the Atlas provides impressive brilliance and color gamut,
meeting all wash test standards with no discernible scent. We are
glad we had the opportunity to beta-test the Kornit Atlas and look
forward to it serving as a key component within DTG2Go's production
line.
Our recent decision to upgrade our Avalanche
printers to the HD technology will allow us to use Eco-Rapid ink on
these systems and enjoy its benefits. We see the Eco-Rapid ink as a
strategic enabler that should help us increase our market share in
digital print.
Lastly, we look forward to testing Kornit's new
polyester printing technology in the coming weeks. The
ability to digitally print on 100% polyester fabric and other
poly-blends is key to our strategy and should create significant
growth opportunities for DTG2Go. We see a strong demand for digital
printing on polyester, and are thrilled to be the first to
introduce to the market high-end polyester products with unmatched
print quality."
About KornitKornit Digital
(NASDAQ:KRNT) develops, manufactures and markets industrial digital
printing technologies for the garment, apparel and textile
industries. Kornit delivers complete solutions, including digital
printing systems, inks, consumables, software and after-sales
support. Leading the digital direct-to-garment printing market with
its exclusive eco-friendly NeoPigmentTM printing process, Kornit
caters directly to the changing needs of the textile printing value
chain. Kornit’s technology enables innovative business models based
on web-to-print, on-demand and mass customization concepts. With
its immense experience in the direct-to-garment market, Kornit also
offers a revolutionary approach to the roll-to-roll textile
printing industry: Digitally printing with a single ink set onto
multiple types of fabric with no additional finishing processes.
Founded in 2003, Kornit Digital is a global company, headquartered
in Israel with offices in the USA, Europe and Asia Pacific, and
serves customers in more than 100 countries worldwide. For more
information, visit Kornit Digital at www.kornit.com.
About Delta Apparel,
Inc.Delta Apparel, Inc., along with its operating
subsidiaries, Salt Life, LLC, M. J. Soffe,
LLC, and DTG2Go, LLC, is an international design,
marketing, manufacturing, and sourcing company that features a
diverse portfolio of core activewear and lifestyle apparel and
related accessory products. The Company specializes in
selling casual and athletic products through a variety of
distribution channels and distribution tiers, including department
stores, mid and mass channels, e-retailers, sporting goods and
outdoor retailers, independent and specialty stores, and the U.S.
military. The Company’s products are also made
available direct-to-consumer at its branded retail stores and on
its websites at www.saltlife.com, www.coastapparel.com,
www.soffe.com and www.deltaapparel.com. The Company’s
operations are located throughout the United
States, Honduras, El Salvador, and Mexico, and it
employs approximately 7,800 people worldwide. Additional
information about the Company is available
at www.deltaapparelinc.com.
Investor contact:Michael Callahan, ICR(203)
682-8311Michael.Callahan@icrinc.com
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