Kornit Digital receives multi-million-dollar orders for recently announced Avalanche HD6
April 03 2018 - 8:00AM
Kornit Digital, (NASDAQ:KRNT), a global market leader in digital
textile printing innovation, has announced significant sales
successes from its newly introduced Avalanche HD6 product. The
company reported it has received orders for systems and upgrades
totaling over $5.0 million dollars.
The Avalanche HD6 is equipped with Kornit’s HD
print engine and the NeoPigmentTM Rapid ink, which leads to
significant reductions in ink consumption – and therefore cost per
print – in comparison to previous Avalanche systems. The HD6
reduces the ink consumption by up to 30% compared to the current
“R-Series” version and up to 45% compared to the previous Non
R-Series versions of the Avalanche Hexa. The reduced cost per print
gives users of Kornit’s HD technology a drastically improved
competitive edge against conventional screen printing. It has the
potential to further increase the adoption and market share of
advanced digital printing technologies in the dynamic and growing
market of textile mass customization. As an additional benefit, the
HD technology produces a refined hand feel of the printed textile
equivalent to screen printing – an additional important
characteristic when replacing traditional textile printing.
Multiple Kornit customers have now completed
their evaluation of the new system generation, confirming the cost
per print savings and print quality improvements. As a result,
Kornit has received orders from several customers for the new
Avalanche HD6 systems as well as upgrades of existing Avalanches.
The company reported that orders to date are for a total of
over $5.0 million dollars, which is expected to benefit first
quarter results.
Gilad Yron, Kornit Digital’s Executive Vice
President of Global Business, comments: “We are exceptionally
pleased by the speed and significance of the adoption of our latest
innovation. We have seen an immediate and clear interest from
screen printers in the HD technology, and we see this interest
translating into a solid business pipeline at an amazing pace.
Looking ahead to the year, we are optimistic to be able to continue
the trend of selling new HD systems as well as upgrades for
existing Avalanches – the Avalanche platform represents our high
productivity product segment, and globally we are looking at a
three-digit number of systems that are suitable for upgrading.”
The new Avalanche HD6 can be seen in live
demonstrations at Kornit Digital’s booth at the upcoming Fespa
tradeshow in Berlin, taking place May 15-18, 2018 and in Kornit’s
showrooms around the world.
NeoPigment Ink
Kornit’s state of the art NeoPigment™ Rapid
meets the highest environmental regulations, including Oeko-Tex
Standard 100 and GOTS V5 pre-approval. Suitable for printing on
multiple fabric types, its versatility is unmatched. NeoPigment™
prints have an excellent hand feel, a wide gamut of bright and
intense colors, as well as long-term durability and
wash-fastness.
About Kornit Digital
Kornit 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
NeoPigment 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.
Press releaseKornit Digital Ltd.12 Ha’Amal St.,
Afek ParkRosh-Ha’Ayin 48092Israel
Tel: +972 3 908 5800www.kornit.com
Press contactOliver LuedtkeHead of Global
PRTel. +49 211 200 55-200oliver.luedtke@kornit.com
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