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 Product
On April 17, 2019, Kornit Digital Ltd. (“Kornit” or the “Company”) announced that it has launched its new Kornit Presto, the first industrial single-step solution for direct-to-fabric printing.
The Kornit Presto solution suits a wide range of business and application needs in a variety of industry segments, including fast growing segments within the on-demand fashion and home décor markets. It is a highly productive solution, available in multiple configurations and able to print 450 square meters per hour.
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).
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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 18, 2019 | By: | /s/ Guy Avidan |
| Name: | Guy Avidan | |
| Title: | Chief Financial Officer | |
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Exhibit Index
| Exhibit No. | Description | |
| 99.1 |
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Exhibit 99.1
Kornit Digital Unveils the Kornit Presto System, a Breakthrough Single-Step Industrial Solution for Digital Direct-to-Fabric Printing
The innovative technology addresses the growing need for on-demand textile design and production
Rosh Ha’Ayin, April 17, 2019 – Kornit Digital, (NASDAQ: KRNT), a global market leader in digital textile printing innovation, has announced the introduction of the new Kornit Presto, the only industrial single-step solution for direct-to-fabric printing. The Kornit Presto solution eliminates the need for pre and post treatment of fabric and allows for high-quality printing on an extraordinarily broad variety of fabric types and applications. The Kornit Presto does not consume water in the printing process, making it the most environmentally friendly solution available for direct-to-fabric textile printing today.
The new Kornit Presto comes with the ground-breaking NeoPigment Robusto, the best Pigment-based ink available in the Industry. Implemented into the renowned Kornit NeoPigmentTM process, the Robusto provides above industry standard wash and rub results and exceptional color fastness across a wide fabric and application range. The Robusto enjoys faster physical and chemical bonding characteristics, enabling a significantly shorter curing time, while providing industry-leading quality and a wide color gamut. The NeoPigment Robusto ink was developed with sustainability priorities and is ECO PASSPORT and GOTS positive listed. |
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 |
The Kornit Presto solution suits a wide range of business and application needs in a variety of industry segments, including fast growing segments within the on-demand fashion and home décor markets. It is a highly productive solution, available in multiple configurations and able to print 450 square meters per hour.
Gart Davis, CEO at Spoonflower, the world’s first web-based service for custom, on-demand fabric and design creation and a long-time Kornit customer, commented, “We were thrilled to be able to test the new system and found the Presto to be in a class by itself; it prints beautifully on all kinds of fabrics, in a single-step, with an environmentally friendly dry process, and now at a multiple of productivity. Our partnership with Kornit continues to be fundamental to our mission to make custom fabric accessible to designers, creative individuals and small businesses all over the world. We can’t wait to get going.”
Kerry King, Senior Vice President of R&D at Spoonflower, added, “The unique integration of the pre-treatment step into the printing process enables a level of efficiency that’s key to our web-to-print business.”
Omer Kulka, Kornit’s VP of Marketing and Product Strategy, also commented, “Kornit is on a mission to reinvent the textile printing industry with game-changing sustainable technologies for growing market segments. We continue to see demand growth for on-demand production in fashion and home décor. This revolutionary technology is further proof of Kornit’s commitment to address the textile industry’s most urgent needs.”
The Kornit Presto will be commercially released at ITMA Barcelona (June 20-26, 2019) and initial orders for the system have been received.
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 2003, 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.