The proceeds will be used for completing the development of Nanography, Landa’s water-based digital printing process, including engineering and production ramp-up of Landa Nanographic Printing Presses and building of manufacturing plants for Landa NanoInk™ colorants.
ALTANA is expected to be an active partner, drawing on print industry expertise gained from its divisions including BYK Additives & Instruments, ECKART Effect Pigments and ACTEGA Coatings & Sealants.
“We are extremely excited to be partnering with an industry visionary like Benny Landa. We speak the same language in terms of innovation,” said Dr. Matthias L. Wolfgruber, CEO, ALTANA AG. “I am confident that we are investing in a game-changing technology that can enable the printing industry to thrive in the 21st century and help our customers position themselves well for the future.”
“We see our alliance with the ALTANA Group as a key milestone for our company and a strong vote of confidence in our mission to bring digital printing to mainstream commercial, packaging and publishing markets,” said Benny Landa, chairman and CEO of Landa Corporation. “ALTANA brings a wealth of relevant industry and market experience as well as worldwide manufacturing expertise, which will be of great value as we expand our presence globally.”
The Nanographic Printing process ejects billions of Landa NanoInk droplets onto a heated transfer blanket to form a 500nm thick image. The dry image can be laminated onto the surface of any off-the-shelf substrate or paper without penetrating it. The image uses less than half the material of other processes to produce – which means lower cost.