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EFI Makes Strategic Investment in Kornit Digital



Published May 10, 2007
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EFI and Kornit Digital, Ltd. announced a joint partnership to address the growing demands of the printed textile industry as it migrates from analog to digital technologies. As part of the agreement, EFI has made a strategic investment of $3.5 million in Kornit, which develops and sells high-end industrial digital inkjet printers and inks for the textile industry, primarily for the finished garment and apparel printing markets.
    
“EFI is impressed with Kornit’s high-speed, high-quality printers and unique textile inks, their seasoned professionals and their passion for bringing the benefits of digital inkjet technology to the garment industry,” said Guy Gecht, CEO of EFI. “This alliance aims to further Kornit’s growth and accelerate the printed textile industry’s transformation from analog to digital technologies.”
    
Digital inkjet printing of finished garments fulfills the growing need for efficient printing of custom, low-volume, fast-turnaround orders, and is an economical alternative to traditional analog screen printing.
    
“We’ve been seeking a partner that is a proven technology leader with a global reputation,” said Ofer Ben-Zur, CEO of Kornit Digital. “With EFI’s support and strategic investment, we’ll be able to extend our lead as the only digital industrial solution within the direct to garment market. EFI can offer us many sales and marketing opportunities by exposing us to their large customer base.”
    
With more than 100 customers, mostly in North America, Kornit offers digital inkjet printers that specialize in printing high-quality images on t-shirts and other finished garments, with print speeds up to 200 t-shirts per hour. Kornit systems can print on a wide variety of fabrics, including black garments, using proprietary solvent- and water-based CMYK and white inks that provide high image resolution, color vibrancy and wash resistance.             



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