HP and ePac announce record rollout of 20 HP Indigo digital presses to transform flexible packaging market
PALO ALTO, Calif., October 17, 2018— HP Inc. (NYSE: HPQ)today announced that ePac Flexible Packaging, the all-HP Indigo digital flexible packaging leader, is purchasing 20 HP Indigo 20000 digital presses to expand its business strategically throughout the US.
The largest deal to date for the HP Graphics packaging business, the new ePac order is estimated to be worth over $100 million, including hardware, supplies and services.
“ePac’s rapid success using HP Indigo is proof positive that the market is ripe for digital transformation,” said Enrique Lores, President, Imaging, Printing and Solutions, HP Inc.“In two years, ePac has become a force in digital flexible packaging with HP Indigo at the center of its visionary business model. We look forward to building on this momentum as more companies like ePac unleash the versatility and power of HP digital print.”
ePac experiencing triple-digit growth
ePac is currently enjoying triple-digit growth by delivering high-quality packaging with the faste turnaround possible to benefit brands, especially its main customer base of SMBs. The 20 new HP Indigo 20000 presses are scheduled to be installed at sites throughout the US by 2020, as it expands its business model to 15 locations.
Four ePac sites are currently operating eight HP Indigo 20000 presses. This third wave of presses will bring the installed base to 28 units to support increasing customer demand and serve new locations, including the recently announced Boston and Austin sites, joining Madison, Chicago, Miami, and Boulder.
Founded in May 2016 as a Greenfield business, ePac Flexible Packaging is the first North American all-digital, all Indigo full service, printer/converter providing economical short and medium run length jobs, to brands of all sizes, with rapid time to market and true high definition quality graphics. ePac is a full service converter, offering a range of end-to-end solutions including HP Indigo Pack Ready Lamination, eBeam curing, and pouch-making lines.
“ePac’s collaboration with HP Indigo is a huge success and we believe this can easily turn into a billion dollar business,” said Jack Knott, CEO, ePac Flexible Packaging, at Pack Expo 2018 in Chicago, where the deal with HP was signed on Tuesday. “Thanks to HP Indigo digital printing and our unique business model, our customers are benefitting from an improved experience, including completing orders within 10 business days – compared with six to 12 weeks for conventional printing – as well as reduced environmental impact and on-demand customization.”
ePac is experiencing strong demand from many market segments, including the rapidly growing natural/organic food and sports nutrition markets, added Carl Joachim, ePac CMO. SMBs benefit from quick time to market and ordering to demand, while larger brands are ordering medium-run length multi-SKU orders, and variable data/imagery for innovative marketing campaigns, he said.
Growing momentum for HP Indigo 20000 Digital Press
The HP digital disruption now gaining a foothold in the packaging arena can be evidenced by more than 160 HP Indigo 20000 digital presses already sold to converters around the world, up from 100 a year ago.
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 solution 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.
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 volumes 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.
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 customers to harness the full power of digital printing. More information about ePac is available at epacflexibles.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 http://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
|Mark Karayan, Edelman for HP
|Carl Joachim, ePac,