Kornit Digital

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Kornit Digital Ltd
Public company
Traded as(NASDAQKRNT)
IndustryPrinting
Founded2002; 18 years ago (2002)
Headquarters,
ProductsDirect to garment printers
RevenueIncrease US$ 179.9 million (2019)
Increase US$ 5.8 million (2019)
Increase US$ 19.6 million (2019)
Number of employees
400+ (2019)
Websitekornit.com

Kornit Digital is an international manufacturing company based in Israel. It produces high-speed industrial inkjet printers, and pigmented ink and chemical products for the garment and apparel, home goods, and textile accessories decorating industry.[1] Kornit Digital has offices in Israel, Hong Kong,[2] US, and Germany. 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.[3] Ronen Samuel, formerly of HP Indigo, succeeded Seligsohn as CEO in June of 2018.

History[edit]

The company was founded in 2002 by a team that previously work in the digital printing field, in 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.[4]

In 2015 Kornit Digital went public.[5]

In October 2018 Kornit moved its North American operations to a showroom in Englewood, New Jersey.[6]

In August 2020, Kornit Digital announced the acquisition of UK-based global software firm Custom Gateway.[7]

Products and technologies[edit]

Kornit Digital sells direct-to-garment printers of different varieties.[8] 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.[9] 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.[9] This process includes coating finished garments with a white coat of ink created from patented inks formed from CMYK.[10] Kornit's ink plant in Kiryat Gat produces CMYK and white ink for its customers.[11] Kornit systems with a "Hexa" or "HD6" designation supplement CMYK with primary red and green inks for increased color gamut.[12][13]

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.[14]

Key systems debuted:

  • 2004: Kornit Storm
  • 2005: Kornit Avalanche
  • 2012: Konit Allegro
  • 2014: Kornit Avalanche 1000
  • 2014: Kornit Avalanche Hexa
  • 2017: Kornit Avalanche R-Series (introduced recirculating print heads)
  • 2017: Kornit Vulcan
  • 2018: Kornit Avalanche HD6/HDK
  • 2018: Kornit Storm HD6
  • 2019: Kornit Atlas
  • 2019: Kornit Presto

In 2019 Kornit released Avalanche Poly Pro,[15] 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.[16] Avalanche Poly Pro was later named "Best Direct-to-Garment Print System" by the European Digital Press Association.[17]

Headquarters and branches[edit]

Kornit Digital's global headquarters are located in Rosh HaAyin, Israel.[18]

Kornit Digital's Americas operations (KDAM) are based in Englewood, New Jersey, USA. Chuck Meyo is KDAM President.[19]

Kornit Digital's EMEA operations (KDEU) are based in Dusseldorf, Germany.[20] Chris Govier is KDEU Managing Director.[1]

Kornit Digital's Asia-Pacific operations (KDAP) are based in Kowloon City, Hong Kong. Andy Yarrow is KDAP President.[21]

References[edit]

  1. ^ Print Week. http://www.printweek.com/news/990391/Kornit-Digital-moves-Europe/?DCMP=ILC-SEARCH Archived 29 September 2011 at the Wayback Machine
  2. ^ Impressions Magazine. http://www.impressionsmag.com/impressions/industry-news/Kornit-Digital-Readi-814.shtml Archived 31 March 2012 at the Wayback Machine
  3. ^ "Kornit Digital Appoints Gabi Seligsohn its CEO". BigPicture.net. 3 March 2014. Retrieved 30 March 2017.
  4. ^ Ofer Ben-Zur, Founder at Kornit Digital Ltd. - Relationship Science
  5. ^ "Kornit Digital Ltd. Ordinary Shares (KRNT)". NASDAQ.com. Retrieved 30 March 2017.
  6. ^ Central, A. S. I. (5 October 2018). "Kornit Digital Opens North American Headquarters". www.asicentral.com. Retrieved 25 November 2019.
  7. ^ "Kornit Digital buys UK co Custom Gateway". en.globes.co.il (in Hebrew). 12 August 2020. Retrieved 14 August 2020.
  8. ^ Israel High-Tech and Investment Report http://ishitech.co.il/0407ar8.htm
  9. ^ a b Business Week. http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=33277502
  10. ^ http://www.freepatentsonline.com/7134749.pdf
  11. ^ Printwear Magazine. http://printwearmag.com/article/state-industry-report
  12. ^ "Kornit Storm HEXA | Wide Color Gamut Textile DTG Printer". Kornit Digital. Retrieved 25 November 2019.
  13. ^ Terry, Debbie (31 July 2018). "Kornit Avalanche HD6". Adelco Screen Process Ltd. Retrieved 25 November 2019.
  14. ^ Indian Textile Journal. http://www.indiantextilejournal.com/corporate/CUdetails.asp?id=894
  15. ^ "Kornit unveils Avalanche Poly Pro Industrial Polyester Printer". Graphic Arts Magazine. 5 April 2019. Retrieved 25 November 2019.
  16. ^ "Kornit Digital Launches Kornit Presto". Covering the Printing Inks, Coatings and Allied Industries - Ink World. Retrieved 25 November 2019.
  17. ^ "Kornit's Avalanche Poly Pro Wins EDP Award for DTG". Wide-format Impressions. Retrieved 25 November 2019.
  18. ^ "LinkedIn Company Profile: Kornit Digital". LinkedIn.
  19. ^ "Bloomberg - Are you a robot?". www.bloomberg.com. Retrieved 4 August 2020.
  20. ^ "Kornit Digital Düsseldorf Office". Glassdoor. Retrieved 4 August 2020.
  21. ^ GmbH, finanzen net. "Kornit Digital appoints Andy Yarrow as President of Asia Pacific | Markets Insider". markets.businessinsider.com. Retrieved 4 August 2020.

External links[edit]