PALO ALTO, Calif., Feb. 12, 2018 (GLOBE NEWSWIRE) -- HP Inc. (NYSE:HPQ) today announced that ePac Flexible Packaging, an all-digital flexible packaging converter, purchased 10 additional HP Indigo 20000 digital presses to expand operations across the US through mid-2019. The new order quadruples production capacity for ePac and is the largest packaging deal for HP to date.
Photos accompanying this release are available at
A video accompanying this release is available at
The purchase is ePac’s second expansion with the high-capacity HP Indigo 20000 flexible packaging press since launching just 18 months ago with one HP Indigo unit. ePac currently uses three HP Indigo 20000 digital presses in Madison and Boulder, and the 10 new units will be deployed coast-to-coast in new facilities opening in Los Angeles, Houston, Chicago, and Miami.
“ePac helps simplify how brands of all sizes buy flexible packaging. Rapid turnaround time, low minimums, customization, graphics quality, and the ability to print to demand differentiate ePac from conventional flex pack converters,” said Jack Knott, CEO, ePac Flexible Packaging. “Printing is the core enabling technology we have built ePac on, with the HP Indigo 20000 serving as the foundation of our manufacturing platform. ePac’s collaboration with HP is fundamental to our growth strategy, as we look to adding ePac sites in the months ahead.”
The HP Indigo 20000 Digital Press provides converters the freedom to produce nearly any flexible packaging application, in addition to labels, and shrink sleeves on film or paper – all with the proven quality to help meet strict brand requirements.
“HP Indigo digital printing technology means greater flexibility for brands and entrepreneurs, and a more meaningful connection for their consumers,” said Santi Morera, Global Head of Graphics Solutions Business, HP Inc. “HP is thrilled to play an integral role in ePac’s rapid rise to success over the past two years – and with today’s purchase, it’s a relationship we support proudly in the months and years to come.”
Growing market for flexible packaging
Smithers Pira forecasts growth in flexible packaging, with digital forecast to increase at more than 17.1% CAGR in the five-year period to 2022, when this market is expected to reach more than $750 million. “High-quality printing allows converters to offer new features and functions in flexible packaging to brands and retailers with economic short runs and faster turnaround key advantages. Innovative campaigns are boosting end user engagement and experiences, opening new business opportunities for the early adopters,” said Sean Smyth, Smithers Pira.
Since its release in 2014, converters around the world have purchased more than 115 HP Indigo 20000 digital presses. The 30 inch (76 cm) HP Indigo 20000 can print virtually any sized flexible packaging application with unlimited variation and support demand for growing SKUs, alongside benefits of reduced waste from minimal setup and production of only the quantities needed.
The HP Indigo 20000 is connected to HP PrintOS, allowing PSPs to monitor the press performance in real time anywhere and anytime, and thus continuously optimize operations. Powerful apps running on the cloud-based PrintOS platform offer advanced capabilities that simplify and automate the print operations. In addition, by connecting their brands directly to PrintOS, PSPs can efficiently produce large jobs’ volume and be part of a global print network.
The HP flexible packaging ecosystem has grown to include end-to-end solutions including HP Indigo Pack Ready Lamination for immediate time-to-market with high-performance laminates. The system consists of the Pack Ready Laminator, supplied by Karlville, and Pack Ready Film. In addition, eBeam is offering a solution for surface print protection.
More information on the HP Indigo 20000 Digital Press is available at hp.com/go/hpindigo20000.
HP Inc. creates technology that makes life better for everyone, everywhere. Through our portfolio of printers, PCs, mobile devices, solutions, and services, we engineer experiences that amaze. More information about HP Inc. is available at http://www.hp.com.
About ePac Flexible Packaging
ePac Flexible Packaging is a full-service provider offering pre-media, digital printing, laminating, and pouch making services through its network of United States based locations. Focused on short and medium run length jobs for brands of all sizes, ePac dramatically simplifies the process of buying flexible packaging, while enabling our customers to harness the full power of digital printing. More information about ePac is available at http://www.epacllc.com.
This news release contains forward-looking statements that involve risks, uncertainties and assumptions. If the risks or uncertainties ever materialize or the assumptions prove incorrect, the results of HP Inc. and its consolidated subsidiaries (“HP”) may differ materially from those expressed or implied by such forward-looking statements and assumptions.
All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to any projections of net revenue, margins, expenses, effective tax rates, net earnings, net earnings per share, cash flows, benefit plan funding, deferred tax assets, share repurchases, currency exchange rates or other financial items; any projections of the amount, timing or impact of cost savings or restructuring and other charges; any statements of the plans, strategies and objectives of management for future operations, including the execution of restructuring plans and any resulting cost savings, revenue or profitability improvements; any statements concerning the expected development, performance, market share or competitive performance relating to products or services; any statements regarding current or future macroeconomic trends or events and the impact of those trends and events on HP and its financial performance; any statements regarding pending investigations, claims or disputes; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing.
Risks, uncertainties and assumptions include the need to address the many challenges facing HP’s businesses; the competitive pressures faced by HP’s businesses; risks associated with executing HP’s strategy; the impact of macroeconomic and geopolitical trends and events; the need to manage third-party suppliers and the distribution of HP’s products and the delivery of HP’s services effectively; the protection of HP’s intellectual property assets, including intellectual property licensed from third parties; risks associated with HP’s international operations; the development and transition of new products and services and the enhancement of existing products and services to meet customer needs and respond to emerging technological trends; the execution and performance of contracts by HP and its suppliers, customers, clients and partners; the hiring and retention of key employees; integration and other risks associated with business combination and investment transactions; the results of the restructuring plans, including estimates and assumptions related to the cost (including any possible disruption of HP’s business) and the anticipated benefits of the restructuring plans; the resolution of pending investigations, claims and disputes; and other risks that are described in HP’s Annual Report on Form 10-K for the fiscal year ended October 31, 2015, HP’s Quarterly Reports on Form 10-Q for the fiscal quarters ended January 31, 2016, April 30, 2016 and July 31, 2016, and HP’s other filings with the Securities and Exchange Commission. HP assumes no obligation and does not intend to update these forward-looking statements. HP’s Investor Relations website at www.hp.com/investor/home contains a significant amount of information about HP, including financial and other information for investors. HP encourages investors to visit its website from time to time, as information is updated and new information is posted.
© 2018 Hewlett-Packard Development Company LP. The information contained herein is subject to change without notice. The only warranties for HP Inc. products and services are set forth in the express warranty statements accompanying such products and services. Nothing herein should be construed as constituting an additional warranty. HP Inc. shall not be liable for technical or editorial errors or omissions contained herein.
|Nina Gilbert, HP
|Lacey Haines, HP
Edelman for HP