Industry News
Kornit Digital reports 2021 revenue of $322m
K
ornit Digital has posted an increase in revenue of $322m, up 67% on 2020. The manufacturer also recorded a record fourth quarter revenue of $87.5m, which reflects Kornit’s outstanding execution on the huge market opportunity it is pursuing. CEO, Ronen Samuel, said: “2021 was a pivotal year for Kornit. What we accomplished this past quarter, and over the entire year, reflects outstanding execution on the huge market opportunity we are pursuing and the strength of our unique business model. The mega trends that have
Gilt Edged Promotions celebrates 35 years in business
G
ilt Edged Promotions has celebrated its 35th anniversary with a lunch party for staff. Established in 1986, the company has grown from humble beginnings in a home garage to where they are today – a 37,500sq ft office and factory space in Moulton Park, Northampton. From starting out solely as a diary company, the company now offers a wider range including diaries, notebooks, and calendars. Managing director, Jonathan Cook, said: “We are delighted to be celebrating 35 years of Gilt Edged. Helping our clients find the right products with the best branding is our passion. We work tirelessly to provide high quality and great service to all our customers. We are proud to have done this for 35 years now and are excited for what lies ahead for Gilt Edged.” The anniversary marked the first occasion that the whole team was back in one place again after nearly two years due to the pandemic.
been fuelling our business are intensifying, traditional textile supply chains are completely broken at this point, and the need for digital on-demand, sustainable production continues accelerating. “We enter 2022 for what will be one of the busiest and most exciting years in the history of Kornit; a year with strong growth and a remarkable pipeline of ground- breaking new product introductions, starting already in the first quarter. We have never been in a better position as a company and we are extremely confident in our ability to meet our $1b revenue goal by 2026, if not before.”
Alon Rozner, Kornit’s chief financial
officer, added: “We ended 2021 with an outstanding fourth quarter and entered 2022 with a strong backlog and pipeline. We generated record cash flow from operations in 2021, successfully navigated global supply chain pressures, and delivered on our commitments to our customers. We continue to invest in the business to capitalise on the enormous opportunities we see and to accelerate growth. Our good visibility into the business, combined with our experienced team, gives us the confidence that we can deliver on our commitments for the balance of 2022 and into 2023.”
Coloreel and Hirsch Solutions expand partnership to meet increased demand on the US market
C
oloreel has expanded its partnership with US leading distributor of embroidery machines, Hirsch Solutions. With the strengthened partnership, both companies are making additional investment in the areas of sales, service and support and marketing to meet the increased demand on the US market. As a result, Hirsch has the exclusive sales rights when Coloreel is purchased for use with a Tajima embroidery machine in the US. Additionally, Hirsch is authorised to distribute Coloreel to the entire US territory.
Torbjörn Bäck, CEO at Coloreel Group, said: “I am so excited to announce that we and Hirsch now are taking this step to strengthen our partnership to meet the increasing demand for our products and technology on the US market. Hirsch is the world’s largest distributor of apparel decorating equipment with an outstanding reach and customer network.”
The celebratory cake | 6 | April 2022
Ed Levy, director of software technologies and marketing at Hirsch, added: “Coloreel brings levels of creativity, efficiency and sustainability that is not possible with traditional
The Coloreel instant thread colouring unit
embroidery. Automating the process between automation solutions developed by Pulse Microsystems and Tajima embroidery machines creates unique opportunities for e-commerce companies to easily integrate Coloreel into their workflow to set themselves apart from their competition. All of us at Hirsch are very excited with our expanded relationship with Coloreel.”
www.printwearandpromotion.co.uk
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92
