XAAR PLC

Business and Financial Review • Nov 15, 2017

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RNS Number : 5580W

Xaar PLC

15 November 2017

Xaar plc

Xaar strengthens its 2020 vision with two operational developments

Xaar plc ("Xaar"), a world leader in industrial inkjet technology, is pleased to announce two operational developments as it continues to work towards its 2020 strategic goals.

·    Engineered Printing Solutions ("EPS"), a leading provider of product printing equipment in North America, has signed Milan-based COMEC Italia as its European distributor.

·    BASF, a world-leading chemical company, and Xaar announce a collaboration to improve the Photopolymer Jetting process, which will enable manufacturers to produce 3D parts with better properties at lower costs.

Doug Edwards, Xaar CEO, said:

"These agreements are two important steps forward as we work toward our ambitious 2020 strategic target. Together they underline the continued momentum across the business and add a strong set of capabilities to our existing framework."

Enquiries:

Xaar plc
Lily Liu, Chief Financial Officer	+44 (0)1223 423 663
Tulchan Communications
James Macey White David Ison Deborah Roney	+44 (0)20 7353 4200

About Xaar

Xaar is a world-leader in the development of inkjet technology and manufacture of piezoelectric drop-on-demand industrial printheads. The company also develops and sells ink systems, electronics and fluid optimisation services to accelerate inkjet system development and adoption. Xaar printheads incorporate patented technology, which delivers unbeatable performance when decorating, patterning, depositing functional coatings on, or adding structure to, a variety of industrial and consumer products. Today leading manufacturers worldwide, in sectors ranging from ceramics, wide-format graphics and labels to direct-to-shape packaging and decorative laminates, choose Xaar's printheads because they are extremely precise, exceptionally versatile, incredibly reliable, and designed for high-volume production. Additional information about Xaar is available at www.xaar.com

This information is provided by RNS

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