Custom Ink Delivers Fast, Accurate and Premium Quality Custom Apparel with On-Demand Technology from Kornit Digital
Rhea-AI Summary
Kornit Digital (NASDAQ: KRNT) announced that Custom Ink, the online leader for custom wearables, has chosen Kornit's technology to enhance its production capabilities. Custom Ink is shifting a significant volume from traditional screen printing to high-quality, sustainable on-demand digital production using Kornit MAX technology. This transition aims to support business growth, accelerate digital transition, and provide customers with premium-quality custom apparel and swag.
The partnership allows Custom Ink to improve production capabilities, reduce environmental impact, and maintain high-quality standards. Eric Stockl, COO at Custom Ink, emphasized the company's mission to bring people together through custom apparel and highlighted the adoption of Kornit's digital on-demand technology for faster, more accurate, and premium quality designs.
Positive
- Custom Ink, a major player in custom apparel, adopting Kornit's technology
- Shift from traditional screen printing to digital production may increase efficiency and reduce costs
- Partnership potentially expands Kornit's market presence and revenue streams
- Kornit's technology enables sustainable and efficient production methods
Negative
- None.
Insights
Custom Ink's shift towards Kornit Digital's on-demand technology marks a significant trend in the custom apparel industry. This move addresses key market demands: faster fulfillment, sustainability and design flexibility. The transition from traditional screen printing to digital production could reshape the industry landscape, potentially
The partnership's impact extends beyond Custom Ink, potentially accelerating the adoption of digital printing across the
Kornit's MAX technology represents a significant leap in digital textile printing. Its ability to deliver premium-quality apparel with exceptional agility addresses two critical industry pain points: quality and speed. The technology's sustainable aspect, using eco-friendly water-based inks, aligns with growing consumer demand for environmentally responsible products.
This partnership could accelerate R&D in the digital printing sector, potentially leading to faster, more efficient machines and improved ink formulations. Investors should watch for patents filed and new product announcements from Kornit and its competitors, as these could indicate future market leaders in this rapidly evolving space.
While specific financial figures aren't provided, this partnership likely has positive implications for Kornit Digital's revenue stream. Custom Ink's significant volume shift to Kornit's technology could boost Kornit's market share and potentially lead to increased recurring revenue from ink and maintenance services.
For Custom Ink, the transition may result in improved operational efficiency and reduced production costs in the long term. However, initial capital expenditure for new equipment could impact short-term profitability. Investors should monitor Kornit's future earnings reports for indications of revenue growth and Custom Ink's financial performance (if available) for signs of improved margins or increased market share.
- Shifts significant volume from traditional screen to high-quality, sustainable on-demand digital production – unleashing creativity and delivering designs without compromise
- Kornit MAX technology powers premium-quality apparel with exceptional agility, allowing Custom Ink to offer a world-class custom apparel and swag experience
LAS VEGAS, Sept. 10, 2024 (GLOBE NEWSWIRE) -- PRINTING UNITED EXPO 2024 – Kornit Digital LTD. (NASDAQ: KRNT) (“Kornit” or the “Company”), a worldwide market leader in sustainable, on-demand, digital fashion and textile production technologies, today announced that Custom Ink, the online leader for custom wearables and other swag for organizations, groups, and communities, has chosen Kornit technology to bolster its production capabilities. By transitioning a significant share of its printing from screen to digital direct-to-garment production, Custom Ink is supporting the growth of its business while accelerating its digital transition through a sustainable printing technology and providing customers with the highest-quality custom apparel, gear, and swag.
Custom Ink has become a household name by bringing communities together and creating a sense of belonging through inspired custom apparel, accessories, and promotional products. Custom Ink owns Swag.com, the most recognizable provider of corporate swag; Printfection, a leading swag platform for enterprise buyers; and Swag Space, an end-to-end white-label platform for promotional product distributors. It also offers Custom Ink Fundraising, a platform to raise money and awareness for charities and personal causes through the sale of custom t-shirts and other apparel.
Custom Ink has historically relied on both screen and digital printing technologies, but the increasing demand for rapid fulfillment, coupled with the need for sustainable and efficient production methods, has accelerated its shift toward digital technologies. By partnering with Kornit fulfillers worldwide, Custom Ink is enhancing production capabilities, reducing its environmental footprint, and maintaining the highest standards of quality.
“At Custom Ink, our mission has always been to bring people together and build communities through custom apparel, gear, and swag. As we continue to innovate and adopt faster, more agile solutions, we’ve accelerated our adoption of Kornit’s digital on-demand technology in our production workflows to deliver fast, accurate, and premium quality designs,” said Eric Stockl, Chief Operating Officer at Custom Ink.
“The apparel industry is evolving, and companies must evolve with it. Today’s businesses and consumers value the ability to have unlimited design capabilities, with fast delivery time and produced sustainably. While screen printing has been the standard for years, Kornit’s advanced digital solutions are revolutionizing the market – allowing customers to effectively express their feelings, likes and emotions through the things they wear,” said Ronen Samuel, Chief Executive Officer at Kornit Digital.
Join Kornit Digital at PRINTING United Expo in Las Vegas, Nevada from September 10 – 12 to see how Custom Ink is leading the way in sustainable, on-demand custom apparel. Visit Kornit at Booth No. SL5029.
About Kornit Digital
Kornit Digital (NASDAQ: KRNT) is a worldwide market leader in sustainable, on-demand, digital fashion and textile production technologies. The company offers end-to-end solutions including digital printing systems, inks, consumables, software, and fulfillment services through its global fulfillment network. Headquartered in Israel with offices in the USA, Europe, and Asia Pacific, Kornit Digital serves customers in more than 100 countries and states worldwide. To learn more about how Kornit Digital is boldly transforming the world of fashion and textiles, visit www.kornit.com.
Kornit Media Contact
Craig Librett
Public Relations
Craig.librett@kornit.com
Ingrid Van Loocke
Public Relations – Europe
ingrid@pr4u.be
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e1eea37b-ef2c-4d71-afbb-e0951b1edd14
FAQ
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