UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the month of April 2019
Commission File Number 001-36903
KORNIT DIGITAL LTD.
(Translation of Registrant’s name into English)
12 Ha’Amal Street
Park Afek
Rosh Ha’Ayin 4824096 Israel
(Address of Principal Executive Office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
CONTENTS
Launch of Significant New Technology and Product
On April 2, 2019 (Israel time), Kornit Digital Ltd. (“Kornit” or the “Company”) announced that it has launched its new NeoPoly Technology, an industrial polyester printing method that prevents dye migration. Kornit’s new process handles polyester applications without having to compromise on design, run size, substrate or labor. The first system equipped with the Kornit NeoPoly Technology is the new Kornit Avalanche Poly Pro, which will be unveiled and become commercially available over the course of April 2019. The Kornit Avalanche Poly Pro is a single-step system, enabling easy and cost effective short-runs and on-demand printing on polyester garments.
A copy of the press release containing the foregoing announcement is furnished as Exhibit 99.1 hereto.
The contents of this Report of Foreign Private Issuer on Form 6-K, including the press release appended as Exhibit 99.1, but excluding the quotes contained therein, is hereby incorporated by reference into the Company’s Registration Statements on Form F-3 (File No. 333-215404) and Form S-8 (File No.’s 333-203970, 333-214015, 333-217039, 333-223794 and 333-230567).
1
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| KORNIT DIGITAL LTD. | ||
| Date: April 1, 2019 | By: | /s/ Guy Avidan |
| Name: | Guy Avidan | |
| Title: | Chief Financial Officer | |
2
Exhibit Index
| Exhibit No. | Description | |
| 99.1 | Press release dated April 2, 2019 entitled “Kornit Digital reinvents industrial Polyester printing with breakthrough innovation and technology” |
3
Exhibit 99.1
Press release Kornit Digital Ltd. 12 Ha’Amal St., Afek Park Rosh Ha’Ayin 48092 Israel
Tel: +972 3 908 5800 www.kornit.com
Press contact Oliver Luedtke
Investor contact Michael Callahan, ICR | ||
Kornit Digital Reinvents Industrial Polyester Printing with Breakthrough Innovation and Technology
| · | New ground-breaking Kornit NeoPoly Technology with industry-first innovation for industrial polyester printing that prevents dye migration |
| · | New Kornit Avalanche Poly Pro system unveiled at events during April, commercially available immediately |
Rosh Ha’Ayin, April 2, 2019 – Kornit Digital Ltd. (NASDAQ: KRNT), a global market leader in digital textile printing innovation, today unveiled the game-changing Kornit NeoPoly Technology which is the industry’s first digital, industrial process for high-quality printing on polyester.
Polyester is the second largest category in the overall T-shirt market, a key category in the sports segment, and is growing in the athleisure and functional apparel segments. Polyester is printed on today predominantly with the use of analog solutions, which creates major technological, cost and sustainability challenges.
The new ground-breaking Kornit NeoPoly Technology addresses these challenges with a new process and ink set implemented in the renowned Kornit NeoPigmentTM process. Kornit’s new process handles polyester applications without having to compromise on design, run size, substrate or labor.
The breakthrough technological innovation is achieved by an innovative ink set and a physical and chemical process specifically developed for low temperature curing, and polyester enhancing functionalities developed to maintain fabric characteristics and provide superior fastness. This unique process prevents dye migration on polyester. The inks are Oeko-Tex and Eco-Passport certified, and do not contain PVCs or any other toxic ingredients.
The first system equipped with the Kornit NeoPoly Technology is the new Kornit Avalanche Poly Pro, a member of Kornit’s world-class reliable, highly productive industrial platform. The single-step Poly Pro is the perfect system for the industry, enabling easy and cost effective short-runs and on-demand printing on polyester garments.
Deborah H. Merrill, President of Delta Apparel Group, commented, “We face increasing demand for personalized decorated polyester in shorter run size orders and variable designs. Our business serves the discerning sport garment industry that is accustomed to high quality. With our new Avalanche Poly Pro, we are excited about the new possibilities it opens for our business. We can now answer the need for polyester application variety on multiple poly fabric types at the quality levels our customers demand.”
Omer Kulka, Kornit’s VP of Marketing and Product Strategy, commented, “Kornit is on a mission to reinvent the garment and textile printing industry with game changing technologies for growing market segments. We continually work to break technology boundaries, so that our customers can innovate and open new markets and new business opportunities, while being more operationally efficient. The new NeoPoly Technology is further proof of this innovation and reinvention mission.”
The new Kornit Avalanche Poly Pro will be unveiled at Kornit’s Discover events on April 3-4, in the New York Metropolitan area, on April 11-12, in Duesseldorf, Germany and April 15-17, in Hong Kong. The system will also be publicly shown and demonstrated at Fespa Munich, CITPE China and ITMA Barcelona.
About Kornit Digital
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’s 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 worldwide. For more information, visit Kornit Digital at www.kornit.com.