Nur Ink Innovations signs a Joint Development Agreement (JDA) with one of the world's largest wide-format substrate manufacturers

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ROSH HA'AYIN, Israel, April 5, 2022 /PRNewswire/ -- Nur Ink Innovations Ltd (TASE: NURI) which engages in research and development of various types of water-based and environmentally friendly pigment inks for diverse digital printing technologies and applications, announces that it has signed a JDA (Joint Development Agreement) with one of the world's largest manufacturers of substrates for the wide-format digital printing industries.

Moshe Nur, Chairman of the Board and CEO of the Company: "This is the start of an extremely significant & strategic move for us as the project includes entering a new multi-billion-dollar market with a double-digit CAGR. I am thrilled with the acceptance of our innovative products and technology – following hard work and a successful POC which demonstrated our water-based pigment inks' ability to print in layers to create a 2.5D structure which is both visible and can be felt by hand. This JDA is with one of the world's largest and leading companies in the field of substrate manufacturing for the wide-format digital printing industries. Following a successful completion of the joint development project Nur Ink will provide the ink to the manufacturer, who, in turn, will promote it as its own branded product as part of a turn-key digital printing system.

About the Company:

Nur Ink Innovations Ltd. was founded by Mr. Moshe Nur 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 the 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.

The Company's business model is based on both OEM and 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 $23 billion with a CAGR (Compound Annual Growth Rate) of around 19%.

Press contact:
Eliav Priel
Email: [email protected]
Mobile: +972 (54) 3277271

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SOURCE Nur Ink Innovations Ltd.