{"id":525794,"date":"2021-08-10T07:04:07","date_gmt":"2021-08-10T11:04:07","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/kornit-digital-acquires-voxel8-expanding-additive-manufacturing-technology-portfolio-for-next-generation-of-sustainable-on-demand-textile-production\/"},"modified":"2021-08-10T07:04:07","modified_gmt":"2021-08-10T11:04:07","slug":"kornit-digital-acquires-voxel8-expanding-additive-manufacturing-technology-portfolio-for-next-generation-of-sustainable-on-demand-textile-production","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/kornit-digital-acquires-voxel8-expanding-additive-manufacturing-technology-portfolio-for-next-generation-of-sustainable-on-demand-textile-production\/","title":{"rendered":"Kornit Digital Acquires Voxel8, Expanding Additive Manufacturing Technology Portfolio for Next Generation of Sustainable On-Demand Textile Production"},"content":{"rendered":"<h2>\nAdvanced 3D technology will enable deployment of unique, high-value decorative and functional applications for leading global brands<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p>ROSH HA\u2019AYN, Israel, Aug.  10, 2021  (GLOBE NEWSWIRE) &#8212; Kornit Digital Ltd. (NASDAQ: KRNT), a worldwide market leader in digital textile production technologies, announced today the acquisition of all associated assets of Somerville, Massachusetts-based <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=s8QpI6XkMZNAKNUdXpZibCxakOfNk2g9KTtekim_U9L8MVwb55lAdDJ2_YJj9gBETcXzwAbmUUN8UniYLpKnQw==\" rel=\"nofollow noopener\" target=\"_blank\">Voxel8<\/a>.\u00a0\u00a0<\/p>\n<p align=\"justify\">Voxel8\u2019s advanced additive manufacturing technology for textiles allows for digital fabrication of functional features with zonal control of material properties, in addition to utilizing high-performance elastomers adhering to inkjet technology.<\/p>\n<p align=\"justify\">\u201cVoxel8\u2019s innovative technologies and talent will help us accelerate the execution of our 4.0 strategy to digitize sustainable, on-demand textile production,\u201d said Ronen Samuel, Kornit Digital Chief Executive Officer. \u201cWith this advanced and proven 3D technology, we will disrupt the business of fashion, empowering completely new creative decorative concepts and never-before-seen functional textile applications, while exploring new lucrative opportunities in the functional apparel and footwear markets.\u201d<\/p>\n<p align=\"justify\">\u201cBy integrating Voxel8\u2019s technology into Kornit\u2019s product roadmap, we will be able to transform numerous market segments and verticals, accelerating our collective visions and technology advancements,\u201d said Kobi Mann, Kornit Digital Chief Technology Officer. \u201cVoxel8 offers direct 3D print-on-part capabilities, advanced design software that can be easily integrated with any production floor software workflow, and versatile chemistry enabling on-the-fly formulation of high-performance elastomers to change the material properties of the resulting printed structures by multiple orders of magnitude. This means reflective, high-density, silicone and metallics, as well as compression elements for sports and therapeutics, protection elements like cushioning and impact resistance, and functionality applications like anti-slip, waterproofing, and other qualities combining form and function that are key to Kornit\u2019s vision of digitizing production in every conceivable manner.\u201d<\/p>\n<p align=\"justify\">\u201cVoxel8\u2019s innovative and sustainable technology\u2014tested by some of the world\u2019s leading global fashion and footwear brands, such as Hush Puppies, which is part of Wolverine Worldwide, enables the digital creation of unique decorative and functional applications, while eliminating time and waste from the manufacturing process,\u201d said Fred von Gottberg, Voxel8\u2019s President and Chief Executive Officer. \u201cVoxel8 shares Kornit\u2019s vision of transforming the textile industry and couldn\u2019t be more excited to be part of the journey to build the operating system of sustainable fashion on demand. We look forward to working together to embed Voxel8\u2019s technology into Kornit\u2019s customer offerings, which will collectively provide endless possibilities of enhanced applications and solutions.\u201d<\/p>\n<p align=\"justify\">\n        <strong>About Kornit Digital<\/strong>\n      <\/p>\n<p align=\"justify\">Kornit Digital (NASDAQ: KRNT) develops, manufactures, and markets industrial digital printing technologies for the garment, apparel, and textile industries. Kornit delivers complete solutions, including digital printing systems, inks, consumables, software, and after-sales support. Leading the digital direct-to-garment printing market with its exclusive eco-friendly NeoPigment printing process, Kornit caters directly to the changing needs of the textile printing value chain. Kornit\u2019s technology enables innovative business models based on web-to-print, on-demand and mass customization concepts. With its immense experience in the direct-to-garment market, Kornit also offers a revolutionary approach to the roll-to-roll textile printing industry: Digitally printing with a single ink set onto multiple types of fabric with no additional finishing processes. Founded in 2002, Kornit Digital is a global company, headquartered in Israel with offices in the USA, Europe, and Asia Pacific, and serves customers in more than 100 countries and states worldwide. For more information, visit Kornit Digital at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Ygv7t7AJCMSo0HxmJElZWkAE1pHRPEmd8Gx3612_m3rKHkbFJy7lnlGRshQoXwDC7_jLhtE9jTJHk_UPcCcldA==\" rel=\"nofollow noopener\" target=\"_blank\">www.kornit.com<\/a>.<\/p>\n<p align=\"justify\">\n        <strong>Forward-Looking Statements<\/strong>\n      <\/p>\n<p align=\"justify\">Certain statements in this press release are &#8220;forward-looking statements&#8221; within the meaning of the Private Securities Litigation Reform Act of 1995 and other U.S. securities laws. Forward-looking statements are characterized by the use of forward-looking terminology such as \u201cwill,\u201d \u201cexpects,\u201d \u201canticipates,\u201d \u201ccontinue,\u201d \u201cbelieves,\u201d \u201cshould,\u201d \u201cintended,\u201d \u201cguidance,\u201d \u201cpreliminary,\u201d \u201cfuture,\u201d \u201cplanned,\u201d or other words. These forward-looking statements include, but are not limited to, statements relating to the Company&#8217;s objectives, plans, and strategies, statements of preliminary or projected results of operations or of financial condition and all statements that address activities, events, or developments that the Company intends, expects, projects, believes, or anticipates will or may occur in the future. Forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties. The Company has based these forward-looking statements on assumptions and assessments made by its management in light of their experience and their perception of historical trends, current conditions, expected future developments, and other factors they believe to be appropriate. Important factors that could cause actual results, developments, and business decisions to differ materially from those anticipated in these forward-looking statements include, among other things: the Company\u2019s degree of success in developing, introducing, and selling new or improved products and product enhancements including specifically the Company\u2019s Poly Pro and Presto products; the extent of the Company\u2019s ability to consummate sales to large accounts with multi-system delivery plans; the degree of the Company\u2019s ability to fill orders for Kornit\u2019s systems; the extent of the Company\u2019s ability to continue to increase sales of Kornit\u2019s systems, ink, and consumables; the extent of the Company\u2019s ability to leverage Kornit\u2019s global infrastructure build-out; the development of the market for digital textile printing; the availability of alternative ink; competition; sales concentration; changes to the Company\u2019s relationships with suppliers; the extent of the Company\u2019s success in marketing; the duration and severity of, and the degree of recovery from, the global COVID-19 pandemic, which could potentially impact once again, in a material adverse manner, the Company\u2019s operations, financial position, and cash flows, and those of the Company\u2019s customers and suppliers; and those additional factors referred to under \u201cRisk Factors\u201d in Item 3.D of the Company&#8217;s Annual Report on Form 20-F for the year ended December 31, 2020, filed with the U.S. Securities and Exchange Commission, or SEC, on March 25, 2021. Any forward-looking statements in this press release are made as of the date hereof, whether as a result of new information, future events, or otherwise, except as required by law.<\/p>\n<p>\n        <strong>Press Release<\/strong><br \/>\n        <br \/>Kornit Digital <br \/>12 Ha`Amal St., Afek Park,<br \/>Rosh-Ha`Ayin 4809246, Israel<br \/>Tel: +972.3.908.5800<br \/>www.kornit.com<\/p>\n<p>\n        <strong>Investor Contact<\/strong><br \/>\n        <br \/>Andrew G. Backman<br \/>Global Head of Investor Relations<br \/>andrew.backman@kornit.com<\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODMwNjI3NCM0MzQ5NTE2IzIwMTY5MjI=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/ZmI2MzgyZjYtYzY2OS00MjI4LThjNDEtNzc1N2M0OWI0NDU5LTEwMjg0OTU=\/tiny\/Kornit-Digital-Ltd.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Advanced 3D technology will enable deployment of unique, high-value decorative and functional applications for leading global brands ROSH HA\u2019AYN, Israel, Aug. 10, 2021 (GLOBE NEWSWIRE) &#8212; Kornit Digital Ltd. (NASDAQ: KRNT), a worldwide market leader in digital textile production technologies, announced today the acquisition of all associated assets of Somerville, Massachusetts-based Voxel8.\u00a0\u00a0 Voxel8\u2019s advanced additive manufacturing technology for textiles allows for digital fabrication of functional features with zonal control of material properties, in addition to utilizing high-performance elastomers adhering to inkjet technology. \u201cVoxel8\u2019s innovative technologies and talent will help us accelerate the execution of our 4.0 strategy to digitize sustainable, on-demand textile production,\u201d said Ronen Samuel, Kornit Digital Chief Executive Officer. \u201cWith this advanced and proven 3D technology, we will &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/kornit-digital-acquires-voxel8-expanding-additive-manufacturing-technology-portfolio-for-next-generation-of-sustainable-on-demand-textile-production\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Kornit Digital Acquires Voxel8, Expanding Additive Manufacturing Technology Portfolio for Next Generation of Sustainable On-Demand Textile Production&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-525794","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Kornit Digital Acquires Voxel8, Expanding Additive Manufacturing Technology Portfolio for Next Generation of Sustainable On-Demand Textile Production - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/kornit-digital-acquires-voxel8-expanding-additive-manufacturing-technology-portfolio-for-next-generation-of-sustainable-on-demand-textile-production\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kornit Digital Acquires Voxel8, Expanding Additive Manufacturing Technology Portfolio for Next Generation of Sustainable On-Demand Textile Production - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Advanced 3D technology will enable deployment of unique, high-value decorative and functional applications for leading global brands ROSH HA\u2019AYN, Israel, Aug. 10, 2021 (GLOBE NEWSWIRE) &#8212; Kornit Digital Ltd. (NASDAQ: KRNT), a worldwide market leader in digital textile production technologies, announced today the acquisition of all associated assets of Somerville, Massachusetts-based Voxel8.\u00a0\u00a0 Voxel8\u2019s advanced additive manufacturing technology for textiles allows for digital fabrication of functional features with zonal control of material properties, in addition to utilizing high-performance elastomers adhering to inkjet technology. \u201cVoxel8\u2019s innovative technologies and talent will help us accelerate the execution of our 4.0 strategy to digitize sustainable, on-demand textile production,\u201d said Ronen Samuel, Kornit Digital Chief Executive Officer. \u201cWith this advanced and proven 3D technology, we will &hellip; Continue reading &quot;Kornit Digital Acquires Voxel8, Expanding Additive Manufacturing Technology Portfolio for Next Generation of Sustainable On-Demand Textile Production&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/kornit-digital-acquires-voxel8-expanding-additive-manufacturing-technology-portfolio-for-next-generation-of-sustainable-on-demand-textile-production\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-10T11:04:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODMwNjI3NCM0MzQ5NTE2IzIwMTY5MjI=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kornit-digital-acquires-voxel8-expanding-additive-manufacturing-technology-portfolio-for-next-generation-of-sustainable-on-demand-textile-production\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kornit-digital-acquires-voxel8-expanding-additive-manufacturing-technology-portfolio-for-next-generation-of-sustainable-on-demand-textile-production\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Kornit Digital Acquires Voxel8, Expanding Additive Manufacturing Technology Portfolio for Next Generation of Sustainable On-Demand Textile Production\",\"datePublished\":\"2021-08-10T11:04:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kornit-digital-acquires-voxel8-expanding-additive-manufacturing-technology-portfolio-for-next-generation-of-sustainable-on-demand-textile-production\\\/\"},\"wordCount\":1020,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kornit-digital-acquires-voxel8-expanding-additive-manufacturing-technology-portfolio-for-next-generation-of-sustainable-on-demand-textile-production\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODMwNjI3NCM0MzQ5NTE2IzIwMTY5MjI=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kornit-digital-acquires-voxel8-expanding-additive-manufacturing-technology-portfolio-for-next-generation-of-sustainable-on-demand-textile-production\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/kornit-digital-acquires-voxel8-expanding-additive-manufacturing-technology-portfolio-for-next-generation-of-sustainable-on-demand-textile-production\\\/\",\"name\":\"Kornit Digital Acquires Voxel8, Expanding Additive Manufacturing Technology Portfolio for Next Generation of Sustainable On-Demand Textile Production - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/kornit-digital-acquires-voxel8-expanding-additive-manufacturing-technology-portfolio-for-next-generation-of-sustainable-on-demand-textile-production\/","og_locale":"en_US","og_type":"article","og_title":"Kornit Digital Acquires Voxel8, Expanding Additive Manufacturing Technology Portfolio for Next Generation of Sustainable On-Demand Textile Production - Market Newsdesk","og_description":"Advanced 3D technology will enable deployment of unique, high-value decorative and functional applications for leading global brands ROSH HA\u2019AYN, Israel, Aug. 10, 2021 (GLOBE NEWSWIRE) &#8212; Kornit Digital Ltd. (NASDAQ: KRNT), a worldwide market leader in digital textile production technologies, announced today the acquisition of all associated assets of Somerville, Massachusetts-based Voxel8.\u00a0\u00a0 Voxel8\u2019s advanced additive manufacturing technology for textiles allows for digital fabrication of functional features with zonal control of material properties, in addition to utilizing high-performance elastomers adhering to inkjet technology. \u201cVoxel8\u2019s innovative technologies and talent will help us accelerate the execution of our 4.0 strategy to digitize sustainable, on-demand textile production,\u201d said Ronen Samuel, Kornit Digital Chief Executive Officer. \u201cWith this advanced and proven 3D technology, we will &hellip; Continue reading \"Kornit Digital Acquires Voxel8, Expanding Additive Manufacturing Technology Portfolio for Next Generation of Sustainable On-Demand Textile Production\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/kornit-digital-acquires-voxel8-expanding-additive-manufacturing-technology-portfolio-for-next-generation-of-sustainable-on-demand-textile-production\/","og_site_name":"Market Newsdesk","article_published_time":"2021-08-10T11:04:07+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODMwNjI3NCM0MzQ5NTE2IzIwMTY5MjI=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/kornit-digital-acquires-voxel8-expanding-additive-manufacturing-technology-portfolio-for-next-generation-of-sustainable-on-demand-textile-production\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/kornit-digital-acquires-voxel8-expanding-additive-manufacturing-technology-portfolio-for-next-generation-of-sustainable-on-demand-textile-production\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Kornit Digital Acquires Voxel8, Expanding Additive Manufacturing Technology Portfolio for Next Generation of Sustainable On-Demand Textile Production","datePublished":"2021-08-10T11:04:07+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/kornit-digital-acquires-voxel8-expanding-additive-manufacturing-technology-portfolio-for-next-generation-of-sustainable-on-demand-textile-production\/"},"wordCount":1020,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/kornit-digital-acquires-voxel8-expanding-additive-manufacturing-technology-portfolio-for-next-generation-of-sustainable-on-demand-textile-production\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODMwNjI3NCM0MzQ5NTE2IzIwMTY5MjI=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/kornit-digital-acquires-voxel8-expanding-additive-manufacturing-technology-portfolio-for-next-generation-of-sustainable-on-demand-textile-production\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/kornit-digital-acquires-voxel8-expanding-additive-manufacturing-technology-portfolio-for-next-generation-of-sustainable-on-demand-textile-production\/","name":"Kornit Digital Acquires Voxel8, Expanding Additive Manufacturing Technology Portfolio for Next Generation of Sustainable On-Demand Textile Production - 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