Nur Ink Innovations to start a first pilot with one of the world’s largest digital printer manufacturers

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Magsimim, Israel –News Immediate– Nur Ink Improvements

Nur will supply the buyer with water-dependent environmentally welcoming pigment inks for set up in industrial grade digital printers it manufactures. The client is a Japanese community company.

Nur Ink Innovations Ltd (TASE: NURI). which engages in investigation and progress of several styles of water-based mostly, eco-friendly and environmentally welcoming pigment inks, announces that it has contracted with a person of the world’s primary global electronic printer manufacturers for strategic collaboration and technological enhancement of water-primarily based electronic printing pigment ink that was produced by the Company (NurTex).

Moshe Nur, Chairman of the Board and CEO of the Company: “We are pleased to announce the begin of a specialized pilot with one of the world’s major and foremost players in electronic printer production. This pilot carries on the Company’s technique to become a leading international supplier in a environmentally friendly world of environmentally-pleasant h2o-based pigment inks – developed for use in printers and electronic printing systems”.

“We believe that the software of our inks in the relevant field, direct electronic printing on clothes (DTG), will improve the international marketplace by somewhere around 15{3a9e182fe41da4ec11ee3596d5aeb8604cbf6806e2ad0e1498384eba6cf2307e}, opening for the Organization a gateway to a massive market worth $5 billion every year in addition to other programs focused by the Firm in enormous, multibillion dollar markets”.

As part of the pilot, the ink, which is made for printing instantly on to t-shirts and other clothes will be installed in an industrial printer designed by the electronic printing production company. The engagement is section of the Company’s OEM White Label business strategy for collaborating with leading gamers in the worldwide printing business, inter-alia, companies this sort of as Epson, Roland, Ricoh, Brother, EFI, Mimaki, Agfa, Kodak, among others.

In the Company’s estimation and in accordance with the agreements with the customer, insofar as the pilot is effective, the electronic printing corporation intends to set up the Company’s ink at a number of conclude-customer sites for a paid professional pilot. The pilot is predicted to past for a interval of among 4 and 6 months (among 6 and 9 months from the date of this announcement).

The Firm estimates that this engagement will progress the Company’s analysis and development initiatives and that effective application of the ink in the marketplace related to this pilot will help different apps that are presently unavailable for the huge greater part of the electronic printing market (for case in point: printing on darkish clothes made of 100{3a9e182fe41da4ec11ee3596d5aeb8604cbf6806e2ad0e1498384eba6cf2307e} polyester), and therefore maximize the general marketplaces of immediate-to-garments and direct-to-textile printing and develop the use of drinking water-centered pigment inks, and expedite the arrival of the company’s merchandise. The enterprise engagement design in between the business and the electronic printer’s corporation, insofar as the pilot method is completed, is predicted to be the OEM Personal Label model of multi-calendar year ink provide.

About the Firm:

Nur Ink Innovations Ltd. was launched by Mr. Moshe Nur, and Dr. Muhammad Iraqi and is engaged in exploration and progress of different varieties of special & modern drinking water-based, eco-friendly, and environmentally welcoming pigment inks.

The pigment inks formulated by the Enterprise are meant for use in quite a few apps, systems & marketplaces and may perhaps be used in inkjet digital printing technologies instantly on to several styles of textiles, which includes pre-dyed dim synthetic materials: extensive-format electronic Inkjet printing of wallpapers, billboards, posters, promoting banners, and many others. In addition, the Corporation is acquiring the SoftJet products – a jettable pre-cure compound for planning and softening of fabrics ahead of electronic printing – a product that contributes to personal savings of approx. 35{3a9e182fe41da4ec11ee3596d5aeb8604cbf6806e2ad0e1498384eba6cf2307e} in ability intake and approx. 40 liters of water consumed in the softening phase for every square meter of printed material. All styles of inks designed by the Organization are environmentally pleasant and do not incorporate harmful substances.

At present, all around 20{3a9e182fe41da4ec11ee3596d5aeb8604cbf6806e2ad0e1498384eba6cf2307e} of the water air pollution in industrial use originates from software procedure of textiles. In recent many years, the world wide textile industry has witnessed a toughening of regulatory restrictions and tighter supervision by commercial supervision entities, in conditions of the manufacturing procedures and kinds of chemical compounds which may well be made use of in application therapies of textiles. These restrictions, and the toughening of the restrictions in the foreseeable long term, will need manufacturers and makers to transform their creation processes and apply environmentally helpful technologies of the kind developed by the Organization.

In addition to the immediate ecological edge of using environmentally helpful technologies in this sector, conclude-consumers get pleasure from a very clear economic edge, resulting from the personal savings on electrical power charges relative to regular printing, as a final result of the elimination of, or lesser use of power- and drinking water-consuming tools and products in the therapy of printed materials.

The Firm’s business enterprise product is primarily based on OEM White Label, with the Firm’s solutions becoming presented to corporations manufacturing electronic printers, which will sell the Firm’s products and solutions as their own.

As of these days, the combination price of the markets specific by Nur Ink Innovations is close to $23 billion with a CAGR (Compound Annual Progress Charge) of all over 19{3a9e182fe41da4ec11ee3596d5aeb8604cbf6806e2ad0e1498384eba6cf2307e}.

Nur Ink Innovations has an skilled management team which has introduced market-major businesses to exits and IPOs. Mr. Moshe Nur has 45 yrs of experience in promoting and electronic print technologies, and is a co-founder of NUR Macroprinters, which designed the world’s to start with tremendous vast-format electronic printer, and the world’s first Inkjet pigment ink for digital printing of outside marketing purposes. NUR Macroprinters was floated on NASDAQ in 1994 and acquired by HP in 2005. Mr. Nur was also a co-founder of Kornit Electronic, which was also floated on NASDAQ and is now traded with a market place cap of $5.5 billion.

Dr. Muhammad Iraqi qualified prospects an professional team of experts and has significant encounter in the growth of digital Inkjet inks, like the growth of styles of electronic ink for NUR Macroprinters, HP-Indigo, Kornit Digital, and extra. Dr. Muhammad Iraqi has printed above 20 patents relating to digital ink and digital print technology.