Nur Ink Innovations Ltd, which engages in research and development of various water-based, green, and environmentally friendly pigment inks, enters an agreement with an international digital printer manufacturer for collaboration and technological development of water-based digital printing pigment ink developed by the company (NurTex).
Nur will provide the customer with the pigment inks for installation in industrial-grade digital printers it manufactures. The customer is a Japanese public corporation.
Moshe Nur, chairman of the board/CEO of Nur Ink and founder of Kornit Digital, states, “We are pleased to announce the start of a technical pilot with one of the world’s largest and leading players in digital printer manufacturing. This pilot continues the company’s strategy to become a leading global supplier in a green world of environmentally friendly water-based pigment inks, designed for use in printers and digital printing systems.”
Nur continues, “We believe that the application of our inks in the relevant industry, direct digital printing on garments (DTG), will increase the global market by approximately 15%, opening for the company a gateway to a huge market worth $5 billion annually in addition to other applications targeted by the company in huge, multibillion-dollar markets.”
As part of the pilot, the ink, which is designed for printing directly onto T-shirts and other garments, will be installed in an industrial printer made by the digital printing manufacturing corporation. The engagement is part of the company’s OEM White Label business strategy for collaborating with the global printing industry and companies like Epson, Roland, Ricoh, Brother, EFI, Mimaki, Agfa, and Kodak.
The digital printing corporation intends to install the company’s ink at several end-customer sites for a paid commercial pilot. The pilot is expected to last for 4-6 months (between 6-9 months from the date of this announcement).
Nur estimates this engagement will advance the successful application of its ink in the industry and enable various applications inaccessible within the DTG space, like printing on dark garments made of 100% polyester. The business engagement model between the company and the digital printer’s corporation is expected to be the OEM Private Label model of multi-year ink supply.