| Kornit Digital Ltd. | |
| Type: | Public |
| Traded As: | NASDAQ: |
| Industry: | Printing |
| Founders: | --> |
| Hq Location City: | Rosh HaAyin (global) Englewood, U.S. (Corporate)[1] |
| Areas Served: | --> |
| Products: | Direct to garment printers |
| Revenue: | US$ 179.9 million |
| Revenue Year: | 2019 |
| Operating Income: | US$ 5.8 million |
| Income Year: | 2019 |
| Net Income: | US$ 19.6 million |
| Net Income Year: | 2019 |
| Owners: | --> |
| Num Employees: | 1000+ |
| Num Employees Year: | 2021 |
| Slogans: | --> |
Kornit Digital Ltd. 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]
The company was founded in 2002 by a team that previously worked in the digital printing field, at companies such as Scitex and Hewlett-Packard. The company uses the same technology used in digital printing and has applied it to digital textile printing, which has developed more slowly than the field of digital printing.[3]
In 2015, Kornit Digital went public.[4]
In October 2018, Kornit moved its North American operations to a showroom in Englewood, New Jersey.[5]
In August 2020, Kornit Digital announced the acquisition of UK-based global software firm Custom Gateway.[6]
In August 2021, Kornit Digital announced the acquisition of a Massachusetts based multi-material footwear manufacturer Voxel8.[7]
In 2022, Kornit Digital announced the acquisition of Lichtenau, Germany-based Tesoma manufacturer of textile curing solutions.[8]
Kornit Digital sells direct-to-garment printers of different varieties.[9] 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.[10] 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.[10] This process includes coating finished garments with a white coat of ink created from patented inks formed from CMYK.[11] Kornit's ink plant in Kiryat Gat produces CMYK and white ink for its customers.[12] Kornit systems with a "Hexa" or "HD6" designation supplement CMYK with primary red and green inks for increased color gamut.[13] [14]
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.[15]
In 2019 Kornit released Avalanche Poly Pro,[16] 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.[17] Avalanche Poly Pro was later named "Best Direct-to-Garment Print System" by the European Digital Press Association.[18]
Ofer Ben Zur was Kornit CEO from its founding in 2002 until 2014, when he was succeeded by Gabi Seligsohn; Ben Zur remained as Chief Technology Officer.[19] Ronen Samuel, formerly of HP Indigo, succeeded Seligsohn as CEO in June of 2018.
Kornit Digital's global headquarters are located in Rosh HaAyin, Israel.[20]
Kornit Digital's Asia-Pacific operations (KDAP) are based in Kowloon City, Hong Kong and Shanghai, China. Ilan Elad is KDAP President.[21]
Kornit Digital's Europe operations (KDEU) are based in Düsseldorf, Germany.[22] Chris Govier is KDEU Managing Director.[23]
Kornit Digital's Americas operations (KDAM) are based in Englewood, New Jersey, USA. Ilan Elad is KDAM President.[24]