Kornit Digital
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|
 | |
| Company type | Public |
|---|---|
| (Nasdaq: KRNT) | |
| Industry | Printing |
| Founded | 2004 |
| Headquarters | |
Key people | Ronen Samuel, CEO Lauri Hanover, CFO Kobi Mann, CTO |
| Products | Direct to garment printers Direct to fabric printers Order fulfillment |
| Revenue |  US$ 179.9 million (2019) |
| US$ 5.8 million (2019) | |
| US$ 19.6 million (2019) | |
Number of employees | 1000+ (2021) |
| Website | kornit.com |
Kornit Digital 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] Kornit was the first company to introduce a single-step process of digital inkjet pigment printing for textile and garment production.[3]
History[edit]
Kornit Digital was founded in 2004 by a team that had worked in the digital printing field, at companies such as Scitex and Hewlett-Packard. The company introduced direct-to-garment printing in the United States with a large industrial printer known as Kornit Storm that could print on light or dark garments as well as use white pigment ink.[4]
In 2010, the company announced its release of an entry-level printer for smaller vendors while having the capabilities of its other models.[5] Later that year it introduced Kornit Avalanche, a high-volume garment printer.[6] In 2012, the company released the first direct-to-fabric (roll-to-roll) printer known as Kornit Allegro.[7]
Kornit expanded into the Asia-Pacific region with an office in Hong Kong and later the Europe region in Düsseldorf. Kornit made its initial public offering on April 1, 2015 after being considered "one of the world leaders in modern direct-to-garment printing".[3] By 2018, Kornit moved its North American operations to a showroom in Englewood, New Jersey representing an investment in the market.[8]
In August 2020, Kornit announced the acquisition of UK-based global software firm Custom Gateway.[9] The company acquired Massachusetts-based multi-material footwear manufacturer Voxel8 the next year.[10] In 2022, Kornit announced the acquisition of Lichtenau, Germany-based Tesoma manufacturer of textile curing.[11] The company launched Kornit Apollo, a mass production automated digital system for on-demand sustainable production at industrial scale, the next year.[12][13] Kornit announced general availability in 2024.[14]
Products and technologies[edit]
Kornit Digital sells direct-to-garment printers of different varieties.[15] 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.[16] 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.[16] This process includes coating finished garments with a white coat of ink created from patented inks formed from CMYK.[17] Kornit's ink plant in Kiryat Gat produces CMYK and white ink for its customers.[18] Kornit systems with a "Hexa" or "HD6" designation supplement CMYK with primary red and green inks for increased color gamut.[19][20]
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.[21]
In 2019 Kornit released Avalanche Poly Pro,[22] 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.[23] Avalanche Poly Pro was later named "Best Direct-to-Garment Print System" by the European Digital Press Association.[24]
Corporate affairs[edit]
Leadership and board of directors[edit]
Ofer Ben-Zur was Kornit Digital's chief executive officer from its founding until 2014. He was succeeded by Gabi Seligsohn and remained the company's chief technology officer.[25] In 2018, Seligsohn was succeeded by Ronen Samuel, formerly of HP Indigo.
| Name | Role |
|---|---|
| Yuval Cohen | |
| Gabi Seligsohn | Former chief executive officer |
| Ofer Ben-Zur | Founding chief executive officer and chief technology officer |
| Ronen Samuel | Current chief executive officer |
| Stephen Nigro | |
| Dov Ofer | |
| Shuki Nir | |
| Jae Hyun Lee | |
| Naama Halevi Davidov |
Headquarters and locations[edit]
The company has offices in Israel, Hong Kong, China, Germany and the United States. Its global headquarters is Rosh HaAyin. Regionally, Kornit Digital bases its Asia-Pacific operations in Kowloon City and Shanghai, its Europe operations in Düsseldorf and its Americas operations in Englewood, New Jersey.[26][27][28]
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
- ^ a b Shamah, David (5 April 2015). "Latest Israeli IPO's shares jump 40% in one day". The Times of Israel.
- ^ "History of Direct to Garment Printing".
- ^ "Kornit Digital to Launch its New Kornit Breeze 921 Entry-Level Printer at ISS Long Beach 2010". EDN.
- ^ "Kornit Introduces Avalanche 951 Digital Printer". Textile World.
- ^ "Kornit Digital Launches the Kornit Allegro - A Breakthrough in Digital Textile Printing". PR Newswire.
- ^ 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.
- ^ Davies, Sam (11 August 2021). "Kornit Digital acquires Voxel8". TCT Mag.
- ^ Loison, Faustine (24 February 2022). "Kornit Digital acquires German Tesoma". Printindustry.news.
- ^ Stuart-Turner, Richard (4 April 2022). "Kornit Digital unveils new DTG system". Printweek.
- ^ "Kornit Digital creates Braille t-shirts for the blind riders association". The Jerusalem Post. 13 July 2022.
- ^ "Kornit Digital Announces General Availability of Apollo Platform". Ink World Magazine. 30 January 2024.
- ^ 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.
- ^ Impressions Magazine. http://www.impressionsmag.com/impressions/industry-news/Kornit-Digital-Readi-814.shtml Archived 31 March 2012 at the Wayback Machine
- ^ "Kornit appoints new Asia-Pacific president". Print 21. 30 October 2020. 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.