Nur Ink Innovations Ltd.

Investor Presentation • Aug 31, 2022

Company Presentation August 2022

Forward-looking Information

This presentation does not constitute an offer to purchase shares in Nur Ink Innovations Ltd ("Nur Ink" or "the company"), or an invitation to receive such offers, and is meant to provide general information only, which is by nature partial, as part of providing information about Nur Ink Technologies to institutional investors and analysts and/or third parties. This presentation was designed for overview and convenience purposes only, and cannot replace inspecting the reports that Nur Ink has released and releases to the public, which include the complete information about the company, before deciding about investing in the company's shares.

This presentation includes forward-looking information, as defined in the 1968 (Israeli) Securities Law.

This information includes, among other things, forecasts, goals and estimates referring to future events and/or matters whose realization is not guaranteed and/or not in the company's sole control. Forward-looking information does not constitute a proven fact and is naturally subject to substantial risks of non-realization. The aforementioned information is uncertain and impossible to predict accurately, and its realization or nonrealization will be affected, among other things, by risk factors characterizing the company's activities, as well as by developments in the general environment and the external factors affecting the company's activities, which are not possible to predict and are not under the company's control.

In light of the aforementioned, readers of this presentation are hereby warned that the outcomes and actual accomplishments of the company in the future may differ substantially from those provided in the forwardlooking information included in this presentation.

In addition, forecasts and estimates of forward-looking information are based on information and data available to the company at the time of the presentation's release, and the company makes no commitment to update and/or change any forecast and/or estimate to reflect events and/or circumstances which may occur after the release date of this presentation.

Nur Ink Innovations develops & manufactures waterbased pigment inks for inkjet digital printing

Industry Leading Founders

Founded Kornit Digital, market cap of \$1.5B* (Nasdaq: KRNT)

Founded Nur Macroprinters, sold to HP for \$120M

TAM of \$23B*, with doubledigit CAGR

The company's products are intended for implementation in different markets, technologies and applications

OEM partnerships in process, with world-leading companies

Market-disruptive technology Funded by the Israeli Innovation Authority (4 approved programs)

Experienced & Seasoned Leadership

Moshe Nur Co-founder, CEO & Chairman of the Board

A pioneer in the wideformat digital-printing industry. Founded several companies, including NUR Macroprinters (1985), Kornit Digital (2002), Outform (2002), among others. Current investments include TWINE, RADSEE & Nanofabrica. Owns & manages Israel's leading outdoor advertising group

Dr. Moshe Nakash R&D Manager

Moshe has many years' experience managing projects and developing products for the printing and digital printing industry in leading companies in their fields such as Kodak, Digiflex and Velox, in addition to his research experience in the University of Tel Aviv as a Senior Lecturer. Moshe has published a total of thirty patents and professional papers in leading scientific journals.

Manager

Eliav is a seasoned business development executive in the digital printing industry and has worked in companies such as HP-Scitex, Megaink, Matan (EFI) and Bordeaux. Eliav brings with him over 25 years of relevant international business management experience in the digital printing markets

David hold a BA in Business Management and an MBA (cum laude). David held numerous managerial positions in Israel's leading accounting firms and brings with him vast accounting and financing experience

Board of Directors

Yossi Nuriel Director

Yossi is the owner of Yahav Digital Printing, one of Israel's largest and leading outdoor advertising companies and was one of the initial investors in Kornit Digital, among other start-up companies

Yossef Gabay Director

For many years, Yossef served as CEO, CFO & a director or a public company in the fields of insurance, finance and yielding Real Estate markets. Currently, Yossef manages various business and is the CEO of Ayala & Gabi Holdings Ltd., one of the initial investors in Nur Ink Innovations

Sarel Ashkenazi Director

Following a successful career as EVP Sales & Business Development at Kornit Digital, Sarel invests in early-stage start-up companies and manages a few. In Kornit, Sarel was the driving force behind the Amazon-Kornit cooperation agreement, while in parallel took part in the company's IPO (KRNT)

Galit Assaf Outside Director

Galit is an executive manager who served in various financial and operational roles in the public and the private sectors. In the past 7 years, she serves as SVP Operations and Services in the successful Fintech company, Payoneer. In addition, Galit has a vast experience in board of directors membership of many companies

Amit Muchtar, CPA Outside Director

Amit is a managing partner at RSM Shiff Hazenfratz & Co., & CEO of AMI, a company for the management of industry provident funds and brings with him over 25 years of experience in public accounting, serving clients from middle market companies, familyowned companies, public companies and capital market companies as well. Amit holds a B.A in accounting and financing from The College of Management

Growing target markets

The NEED

Market trends towards converting to environmentally-friendly inks

Replacing polluting products

savings Environmentally-friendly

Water & energy

Our solutions

Water-based & environmentallyfriendly pigment inks for use in diverse inkjet digital printing applications

digital printing

Unique auxiliary products

Inks for wide-format digital printing

Ink for wallpaper digital printing

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Promoting sustainability

Replacing polluting eco-friendly Green products

Our products enable the replacement of polluting products such as solvent-based and UV-curable inks

Our products have a direct positive impact on the environment by eliminating polluting processes such as pre-treatment, softening, washing & drying of printed fabrics

Nur Ink's industrial inkjet inks are water-based pigment inks – clean and environmentallyfriendly

over-spending

Using our products promotes purchasing single-unit orders with full on-line purchasing processes

Eliminating Raw materials

Our products are made of the best & cleanest raw materials and are purchased from corporations that withhold strict fairemployment, waste-management & international standards

Water & energy savings

Our products enable the savings of up to 40 liters of water and 35% electricity consumption for each m2 of printed fabric

Ink for wide-format digital printing

Advantages

Accessible

First of its kind to be accessible to the entire industry

Enables printing many applications and on to a wide variety of substrates

Ecological

Water-based environmentally-friendly ink

Diversified Energy savings

Supports energy savings during the printing processes

This product completed approx. 70% of its development 10

digital printing

Competitive landscape Ink for wide-format

availability

Inks for Direct-to-

Advantages

textile printing Low curing temperatures – 95-120°C – compared with 150-180°C as with any existing ink types – enabling printing on pre-died synthetic fabrics

ONE ink type for all fabric types

Ellongation of ≥500% enables printing on to elastic fabrics (i.e. Lycra®)

OEM business model – protecting our partners

Different ink versions – matching all existing print head technologies

Non "sticky" and completely odorless

This product completed approx. 90% of its development

Inks for Directto-textile printing

NurTex ONE ink For all fabrics For all printers

Advantages

Inks for wallpaper printing

Nur SP

Environmentally-friendly ink suitable for use in hotels, office & home environments

No VOCs outputs

Supports single-pass digital printing for ultra-high production speeds

Enables the printing of layers while creating a printed texture (2.5D printing)

Allows wallpaper "breathing"

This product completed approx. 40% of its development 14

Unique auxiliary products

Nur White

• White water-based pigment dispersion (pigment preparation), used as the base for producing white water-based ink
• Current, approx. 90% of all white water-based pigment dispersions are made & sold by DuPont
• DuPont's competitors are forced to purchase the white dispersion from DuPont
• Potential customers are ink manufacturing companies, including Agfa, Kodak, FujiFilm, etc.)

Textile market potential - 2027

Textile printing industry

Digital textile printing

\$15.5B annualy 6.3% CAGR

\$5B 25% CAGR

Sources :WTIN, Zimmer https://www.grandviewresearch.com/industry-analysis/water-based-pigments-market https://www.alliedmarketresearch.com/press-release/digital-textile-printing-market.html https://www.wtin.com/article/2019/july/290719/webinar-digital-textile-printing-market-overview-itma-2019-environmental-regulations/

Wallpaper market potential - 2025

2020: Wallpaper digital printing market is valued at \$2.9B

By 2025: Market size is estimated to grow to \$7.5B at 21% CAGR

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Wide-format digital printing market potential - 2027

2027: Market expected to grow at 3.8% CAGR, to \$11.5B

2027: INK sales are expected to reach \$1.2B

Source: https://www.reportlinker.com/p04046913/Large-Format-Printer-Market-by-Ink-Type-Printing-Technology-Print-Width-Applicationand-Geography-Global-Trends-Forecast-to.html?utm_source=GNW

Business Model – Production – IP

Our products are offered as OEM private label to printer manufacturers, who in return, will sell our products as their own, under multi-year ink supply agreements

Initially, our products will be manufactured in our facility in Rosh Ha'Ayin (Israel) and if needed by sub-contractors in the USA. In parallel, an ink factory will be planned

Three patents in process

Additional patents are planned for filling

THANK YOU

OEM

Original Equipment Manufacturer

Regulations

EU regulations from 2016 calls for additional decrease of pollutants emission generated in different industries, according to the Guttenberg protocol. Part of these pollutants included in these regulations are VOCs which are emitted during the different printing processes

The state of California leads the USA legislation regarding the environment in general and air pollution in specific. The Clean Air Bill (1130) includes tough restrictions on the printing industry when it comes to VOCs, a bill which is being adopted by additional USA states

Strategic agreements in motion

Commercial negotiations

With 2 world-leading textile printer manufacturers

With 1 world-leading wide-format printer manufacturer

Pilots

With 5 world-leading textile printer manufacturers

With 2 world-leading wideformat printer manufacturers

Milestones

• Initiate 2 additional pilots
• Moving to the new facility
• Complete 1-2 pilots
• First commercial order
• Ink plant planning
• Receipt of the Eco-Passport certificate

2022 - ^{2023 2021}

• 2 patents' approval
• Filing 2-3 additional patent applications
• Sign 2-3 ink-supply agreements
• 2.5d ink pilot
• Ink plant construction
• Implementing ESG process and rating

Summary

Thank you

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