Kornit Digital
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| Company type | Public |
|---|---|
| Nasdaq: KRNT | |
| Industry | Printing |
| Founded | 2002 |
| Headquarters | |
| Products | Direct to garment printers |
| Revenue |  US$ 179.9 million (2019) |
| US$ 5.8 million (2019) | |
| US$ 19.6 million (2019) | |
Number of employees | 1000 (2021) |
| Website | kornit |
Kornit Digital Ltd. is an Israeli-American international manufacturing company. It produces high-speed industrial inkjet printers, pigmented ink and chemical products for the garment and apparel, home goods, textile accessories and decorating industry.[2]
History
[edit]The company was founded in 2002 by a team that previously worked in the digital printing field, at companies such as Scitex and Hewlett-Packard. The company uses the same technology used in digital printing and has applied it to digital textile printing, which has developed more slowly than the field of digital printing.[3]
In 2015, Kornit Digital went public.[4]
In October 2018, Kornit moved its North American operations to a showroom in Englewood, New Jersey.[5]
In August 2020, Kornit Digital announced the acquisition of UK-based global software firm Custom Gateway.[6]
In August 2021, Kornit Digital announced the acquisition of a Massachusetts based multi-material footwear manufacturer Voxel8.[7]
In 2022, Kornit Digital announced the acquisition of Lichtenau, Germany-based Tesoma manufacturer of textile curing solutions.[8]
Products and technologies
[edit]Kornit Digital sells direct-to-garment printers of different varieties.[9] Its printers include RIP software customized to each machine.
Kornit's machines use a pre-treatment wetting process that is integrated into the printer, which it calls The PreT System.[10] This enables printing on the garment without manual pre-treatment, by applying a fixation agent automatically on press, immediately prior to the print process. This process makes wet-on-wet printing possible.
The company also provides a process that enables printing on dark garments.[10] This process includes coating finished garments with a white coat of ink created from patented inks formed from CMYK.[11] Kornit's ink plant in Kiryat Gat produces CMYK and white ink for its customers.[12] Kornit systems with a "Hexa" or "HD6" designation supplement CMYK with primary red and green inks for increased color gamut.[13][14]
Kornit markets its systems as a sustainable alternative to screen printing, dye sublimation, reactive dyes, and other textile print methods; the company's inks have received Oeko-Tex approval in the industry.[15]
In 2019 Kornit released Avalanche Poly Pro,[16] the first digital direct-to-garment print system developed specifically for polyester and poly-blend fabrics, as well as the Presto, a successor to Allegro for the roll-to-roll direct-to-fabric print market.[17] Avalanche Poly Pro was later named "Best Direct-to-Garment Print System" by the European Digital Press Association.[18]
Corporate affairs
[edit]Leadership
[edit]Ofer Ben Zur was Kornit CEO from its founding in 2002 until 2014, when he was succeeded by Gabi Seligsohn; Ben Zur remained as Chief Technology Officer.[19] Ronen Samuel, formerly of HP Indigo, succeeded Seligsohn as CEO in June of 2018.
Locations
[edit]Kornit Digital's global headquarters are located in Rosh HaAyin, Israel.[20]
Kornit Digital's Asia-Pacific operations (KDAP) are based in Kowloon City, Hong Kong and Shanghai, China. Ilan Elad is KDAP President.[21]
Kornit Digital's Europe operations (KDEU) are based in Düsseldorf, Germany.[22] Chris Govier is KDEU Managing Director.[23]
Kornit Digital's Americas operations (KDAM) are based in Englewood, New Jersey, USA. Ilan Elad is KDAM President.[24]
References
[edit]- ^ "Kornit Digital America Inc".
- ^ Print Week. http://www.printweek.com/news/990391/Kornit-Digital-moves-Europe/?DCMP=ILC-SEARCH Archived 29 September 2011 at the Wayback Machine
- ^ Ofer Ben-Zur, Founder at Kornit Digital Ltd. - Relationship Science
- ^ "Kornit Digital Ltd. Ordinary Shares (KRNT)". NASDAQ.com. Retrieved 30 March 2017.
- ^ Central, A. S. I. (5 October 2018). "Kornit Digital Opens North American Headquarters". www.asicentral.com. Retrieved 25 November 2019.
- ^ "Kornit Digital buys UK co Custom Gateway". en.globes.co.il (in Hebrew). 12 August 2020. Retrieved 14 August 2020.
- ^ "Kornit Digital Acquires Voxel8, Expanding Additive Manufacturing Technology Portfolio for Next Generation of Sustainable On-Demand Textile Production | Kornit Digital". ir.kornit.com. Retrieved 9 December 2021.
- ^ "Home".
- ^ Israel High-Tech and Investment Report http://ishitech.co.il/0407ar8.htm
- ^ a b Business Week. [1]
- ^ "Method for image printing on a dark textile piece" (PDF).
- ^ Printwear Magazine. http://printwearmag.com/article/state-industry-report
- ^ "Kornit Storm HEXA | Wide Color Gamut Textile DTG Printer". Kornit Digital. Retrieved 25 November 2019.
- ^ Terry, Debbie (31 July 2018). "Kornit Avalanche HD6". Adelco Screen Process Ltd. Retrieved 25 November 2019.
- ^ Indian Textile Journal. http://www.indiantextilejournal.com/corporate/CUdetails.asp?id=894
- ^ "Kornit unveils Avalanche Poly Pro Industrial Polyester Printer". Graphic Arts Magazine. 5 April 2019. Retrieved 25 November 2019.
- ^ "Kornit Digital Launches Kornit Presto". Covering the Printing Inks, Coatings and Allied Industries - Ink World. Retrieved 25 November 2019.
- ^ "Kornit's Avalanche Poly Pro Wins EDP Award for DTG". Wide-format Impressions. Retrieved 25 November 2019.
- ^ "Kornit Digital Appoints Gabi Seligsohn its CEO". BigPicture.net. 3 March 2014. Retrieved 30 March 2017.
- ^ "LinkedIn Company Profile: Kornit Digital". LinkedIn.
- ^ "Kornit appoints new Asia-Pacific president". Print 21. 30 October 2020. Retrieved 4 August 2020.
- ^ "Kornit Digital Düsseldorf Office". Glassdoor. Retrieved 4 August 2020.
- ^ Ltd, Kornit Digital (14 May 2019). "Industry veteran Chris Govier joins Kornit Digital as Managing Director, Europe". GlobeNewswire News Room. Retrieved 9 December 2020.
- ^ "Chuck Meyo, Kornit Digital Ltd: Profile and Biography". www.bloomberg.com. Retrieved 4 August 2020.