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    NURI   IL0011757288

NUR INK INNOVATIONS LTD.

(NURI)
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PRESS RELEASE : Nur Ink Innovations to start a first pilot with one of the world's largest digital printer manufacturers

07/22/2021 | 09:54am EDT
DGAP-News: Nur Ink Innovations 
Nur Ink Innovations to start a first pilot with one of the world's largest digital printer manufacturers 
2021-07-22 / 15:53 
The issuer is solely responsible for the content of this announcement. 
=---------------------------------------------------------------------------------------------------------------------- 
Nur will provide the customer with water-based environmentally friendly pigment inks for installation in industrial 
grade digital printers it manufactures. The customer is a Japanese public corporation. 
Nur Ink Innovations Ltd (TASE: NURI). which engages in research and development of various types of water-based, green 
and environmentally friendly pigment inks, announces that it has contracted with one of the world's leading 
international digital printer manufacturers for strategic collaboration and technological development of water-based 
digital printing pigment ink that was developed by the Company (NurTex). 
Moshe Nur, Chairman of the Board and CEO of the Company: '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'. 
'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 USD5 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 on to 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 leading players in the global printing industry, 
inter-alia, companies such as Epson, Roland, Ricoh, Brother, EFI, Mimaki, Agfa, Kodak, among others. 
In the Company's estimation and in accordance with the agreements with the customer, insofar as the pilot is 
successful, 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 a period of between 4 and 6 months (between 6 and 9 months 
from the date of this announcement). 
The Company estimates that this engagement will advance the Company's research and development efforts and that 
successful application of the ink in the industry relevant to this pilot will enable various applications that are 
currently unavailable for the vast majority of the digital printing market (for example: printing on dark garments made 
of 100% polyester), and consequently increase the general markets of direct-to-garments and direct-to-textile printing 
and expand the use of water-based pigment inks, and expedite the arrival of the company's products. The business 
engagement model between the company and the digital printer's corporation, insofar as the pilot process is completed, 
is expected to be the OEM Private Label model of multi-year ink supply. 
About the Company: 
Nur Ink Innovations Ltd. was founded by Mr. Moshe Nur, and Dr. Muhammad Iraqi and is engaged in research and 
development of various types of unique & innovative water-based, green, and environmentally friendly pigment inks. 
The pigment inks developed by the Company are intended for use in several applications, technologies & markets and may 
be applied in inkjet digital printing technology directly on to various types of textiles, including pre-dyed dark 
synthetic fabrics: wide-format digital Inkjet printing of wallpapers, billboards, posters, advertising banners, etc. In 
addition, the Company is developing the SoftJet product - a jettable pre-treatment substance for preparation and 
softening of fabrics before digital printing - a product that contributes to savings of approx. 35% in power 
consumption and approx. 40 liters of water consumed in the softening stage per square meter of printed fabric. All 
types of inks developed by the Company are environmentally friendly and do not contain toxic substances. 
At present, around 20% of the water pollution in industrial use originates from application treatment of textiles. In 
recent years, the global textile market has seen a toughening of regulatory restrictions and tighter supervision by 
commercial supervision entities, in terms of the manufacturing methods and types of chemical compounds which may be 
used in application treatments of textiles. These restrictions, and the toughening of the restrictions in the 
foreseeable future, will require brands and manufacturers to change their production processes and apply 
environmentally friendly technologies of the type developed by the Company. 
In addition to the direct ecological advantage of using environmentally friendly technologies in this industry, 
end-customers enjoy a clear economic advantage, resulting from the savings on power costs relative to conventional 
printing, as a result of the elimination of, or lesser use of power- and water-consuming equipment and devices in the 
treatment of printed fabrics. 
The Company's business model is based on OEM White Label, with the Company's products being offered to companies 
manufacturing digital printers, which will sell the Company's products as their own. 
As of today, the aggregate value of the markets targeted by Nur Ink Innovations is around USD23 billion with a CAGR 
(Compound Annual Growth Rate) of around 19%. 
Nur Ink Innovations has an experienced management team which has brought market-leading companies to exits and IPOs. 
Mr. Moshe Nur has 45 years of experience in advertising and digital print technologies, and is a co-founder of NUR 
Macroprinters, which developed the world's first super wide-format digital printer, and the world's first Inkjet 
pigment ink for digital printing of outdoor advertising applications. NUR Macroprinters was floated on NASDAQ in 1994 
and acquired by HP in 2005. Mr. Nur was also a co-founder of Kornit Digital, which was also floated on NASDAQ and is 
now traded with a market cap of USD5.5 billion. 
Dr. Muhammad Iraqi leads an experienced team of scientists and has significant experience in the development of digital 
Inkjet inks, including the development of types of digital ink for NUR Macroprinters, HP-Indigo, Kornit Digital, and 
more. Dr. Muhammad Iraqi has published over 20 patents relating to digital ink and digital print technology. 
Contact Details 
Nur Ink Innovations 
Eliav Priel 
+972 54-327-7271 
eliav@nur-ink.com 
Company Website 
https://nur-ink.com 
News Source: News Direct 
=---------------------------------------------------------------------------------------------------------------------- 
2021-07-22 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
=---------------------------------------------------------------------------------------------------------------------- 
Language:     English 
Company:      Nur Ink Innovations 
              United States 
ISIN:         IL0011757288 
EQS News ID:  1221036 
 
End of News   DGAP News Service 
=------------ 

1221036 2021-07-22

 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1221036&application_name=news 
 

(END) Dow Jones Newswires

July 22, 2021 09:53 ET (13:53 GMT)

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Managers and Directors
Moshe Nur Chairman & Chief Executive Officer
David Gerbi Chief Financial Officer
Muhammad Iraqi Vice President-Research & Development
Yossef Nuriel Director
Yossef Michael Gabay Director