Cimpress Signs Multi-year Deal for HP Indigo Digital Presses to Drive Mass Personalization
May 05 2021 - 8:00AM
HP Inc. (NYSE: HPQ) and Cimpress (Nasdaq: CMPR), the world leader
in mass customization, today announced a multi-year, strategic
agreement for a large-scale investment in next-generation HP Indigo
digital presses to grow the online personalized print product
market.
HP Indigo’s largest customer globally, Cimpress will deploy a
fleet of new HP Indigo digital presses over the next two years,
primarily the B2-format HP Indigo 100K Digital Press engineered for
breakthrough productivity. The new technology is aimed at providing
additional revenue for the company’s brands and improved efficiency
across its global manufacturing operations.
Cimpress’ worldwide businesses, including Vistaprint, serve tens
of millions of customers every year by making personalization
convenient and affordable, producing unique products that have the
reliability, quality and affordability of mass produced goods.
“More print customers have migrated during the pandemic from
offline to online where Cimpress is the clear leader. We believe
most of these customers will stay online post pandemic and we will
keep driving efficiencies, continue investing to serve customers
better,” said Robert Keane, Cimpress’ founder and CEO. “Over the
past decades, HP has been instrumental for our growth, not only in
volume, but also in capabilities. We believe in our continuous
cooperation to reinforce our cost competitiveness and our ability
to delight our customers worldwide.”
Cimpress uses the HP technology to deliver personalized print
products such as holiday cards, photo specialty items, gifts,
calendars, and marketing materials.
“Helping customers achieve growth opportunities and operational
excellence is a key value for HP. We collaborated closely with
Cimpress as we developed the HP Indigo 100K, in order to ensure it
addresses market needs for high automation and volume to deliver
personalized products. We are excited to continue to develop our
strategic relationship with Cimpress to drive the long-term success
of both companies,” said Haim Levit, general manager, HP
Indigo.
Engineered for nonstop printing, the new B2 HP Indigo 100K is
the first press in HP Indigo's 5th-generation platform, innovation
to deliver large digital print volumes thanks to high speed and
productivity, while ensuring Indigo’s renowned digital offset look
and feel.
More than half of the new HP Indigo 100K units will be installed
in 2021, following successful testing of automated, high-volume
production during the 2020 holiday season at Cimpress manufacturing
facilities in Europe. The HP Indigo 100K works directly with HP
PrintOS Color Beat to ensure highest color standards and
consistency across presses and sites.
More information on HP’s award-winning HP Indigo digital presses
is available at www.hp.com/go/Indigo.
About Cimpress
Cimpress plc (Nasdaq: CMPR) invests in and builds
customer-focused, entrepreneurial, mass-customization businesses
for the long term. Mass customization is a competitive strategy
which seeks to produce goods and services to meet individual
customer needs with near mass production efficiency. Cimpress
businesses include BuildASign, Exaprint, National Pen,
Pixartprinting, Printdeal, Printi, Vistaprint and WIRmachenDRUCK,
among others. To learn more,
visit http://www.cimpress.com.
About HP
HP Inc. (NYSE: HPQ) creates technology that makes life better
for everyone, everywhere. Through our product and service portfolio
of personal systems, printers and 3D printing solutions, we
engineer experiences that amaze. More information about HP Inc. is
available at www.hp.com.
Nina Gilbert, HPnina@hp.comwww.hp.com/go/newsroom |
Graham Day, HPgraham.day@hp.com |
©Copyright 2021 HP Development Company, L.P. The information
contained herein is subject to change without notice. The only
warranties for HP 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 shall not be liable for technical or
editorial errors or omissions contained herein.
Photos accompanying this announcement are available
athttps://www.globenewswire.com/NewsRoom/AttachmentNg/519a4032-56ff-45d2-839c-9197cd18cdd6
https://www.globenewswire.com/NewsRoom/AttachmentNg/533fd346-88ec-4a35-a8fb-2d52c399e2fc
https://www.globenewswire.com/NewsRoom/AttachmentNg/5a886d4d-4ecb-4ab2-9846-23c3f1173c87
https://www.globenewswire.com/NewsRoom/AttachmentNg/82dd2d23-215a-4c50-b713-71cdc81d514c
HP (NYSE:HPQ)
Historical Stock Chart
From Aug 2024 to Sep 2024
HP (NYSE:HPQ)
Historical Stock Chart
From Sep 2023 to Sep 2024