AstroNova, Inc. (Nasdaq: ALOT), a global leader in data
visualization technologies, recently unveiled groundbreaking new
innovative and sustainable printing technologies at the Drupa 2024
printing show in conjunction with its recently acquired MTEX NS
subsidiary. Drupa 2024 is taking place from May 28 through June 7
in Dusseldorf, Germany.
MTEX NS, which was acquired by AstroNova on May 6, 2024,
specializes in providing advanced printing solutions tailored to
various market segments, including packaging, labels, textiles and
industrial applications. By integrating the expertise and product
offerings of MTEX NS into its portfolio, AstroNova has
significantly strengthened its position in the color digital
printing market.
At Drupa 2024, the world’s leading trade fair for printing
technologies, AstroNova and MTEX NS are showcasing a range of
groundbreaking products and solutions at a combined booth. Among
the highlights are the latest advancements in label and packaging
printing, including the acclaimed AQUAFLEX, TrojanLabel T2-PRO,
ATOM 3, MULTI 800 and FLEXPACK solutions.
“We are thrilled to unveil our latest solutions, which
underscore our dedication to driving innovation and delivering
value to our customers across diverse market segments,” said Greg
Woods, President and Chief Executive Officer of AstroNova. “With
our expanded portfolio, we are well-positioned to address the
evolving needs of the printing industry and drive sustainable
growth.”
Product Information
AQUAFLEX from MTEX NS is a versatile and high-performance
printing solution for untreated and treated papers designed to meet
the demands of large format packaging customers. AQUAFLEX is
primarily targeted at the paper bag segment, and there also has
been significant interest from cup manufacturers, pet food
packaging, and decorative paper printing. The presence of AQUAFLEX
as an industrial solution garnered significant attention at Drupa
2024.
The TrojanLabel T2-PRO system from AstroNova redefines digital
label printing with its precision and speed, catering to the
evolving needs of the label industry for customized and on-demand
printing solutions. The T2-PRO has been in active Beta trials at
several customer sites since the beginning of 2024 and has received
highly positive reviews. The Company is booking orders for
post-Beta commercial units at Drupa 2024 and plans to ship the
TrojanLabel T2-PRO system starting in September 2024.
The ATOM 3 by MTEX NS demonstrates AstroNova’s commitment to
innovation for in-house professional label printing, offering
unparalleled reliability and versatility for brands and print
shops.
The FLEXPACK series by MTEX NS represents the next generation of
digital flexible packaging printing technology, delivering superior
performance and productivity for flexible packaging printers.
The MULTI 800 by MTEX NS is a digital printing solution for full
color short-run printing on paper bags and cardboard boxes, and is
a smart entry-level system for professional packaging and paper bag
production. MTEX NS reported several order bookings for MULTI 800
at DRUPA from customers across Europe and Americas.
AstroNova and MTEX NS are hosting companies at their large,
combined booth in Hall 5 at Drupa 2024. You can view and download
booth pictures and videos from
https://astronovaproductid.com/blog/mtex-ns-acquisition/.
For more information about AstroNova and its portfolio of
printing solutions, visit www.astronovainc.com.
About AstroNova
AstroNova (Nasdaq: ALOT), a global leader in data visualization
technologies since 1969, designs, manufactures, distributes, and
services a broad range of products that acquire, store, analyze,
and present data in multiple formats.
The Product Identification segment provides a wide array of
digital, end-to-end product marking and identification solutions,
including hardware, software, and supplies for OEMs, commercial
printers, and brand owners. The Test and Measurement segment
provides products designed for airborne printing solutions,
avionics, and data acquisition. Our aerospace products include
flight deck printing solutions, networking hardware, and
specialized aerospace-grade supplies. Our data acquisition systems
are used in research and development, flight testing, missile and
rocket telemetry production monitoring, power, and maintenance
applications.
AstroNova is a member of the Russell Microcap® Index and the LD
Micro Index (INDEXNYSEGIS: LDMICRO). Additional information is
available by visiting https://astronovainc.com/.
Forward-Looking Statements
Information included in this news release may contain
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements are not statements of historical fact, but rather
reflect our current expectations concerning future events and
results. These statements may include the use of the words
“believes,” “expects,” “intends,” “plans,” “anticipates,” “likely,”
“continues,” “may,” “will,” and similar expressions to identify
forward-looking statements. Such forward-looking statements,
including those concerning the Company’s anticipated performance,
involve risks, uncertainties and other factors, some of which are
beyond our control, which may cause our actual results, performance
or achievements to be materially different from those expressed or
implied by such forward-looking statements. These risks,
uncertainties and factors include, but are not limited to, (i)
those related to the benefits of the acquisition of MTEX NS and the
Company’s broadened product portfolio and (ii) those factors set
forth in the Company’s Annual Report on Form 10-K for the fiscal
year ended January 31, 2024 and subsequent filings AstroNova makes
with the Securities and Exchange Commission. The Company undertakes
no obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise. The reader is cautioned not to unduly rely on such
forward-looking statements when evaluating the information
presented in this news release.
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version on businesswire.com: https://www.businesswire.com/news/home/20240604070395/en/
Scott Solomon Senior Vice President Sharon Merrill Advisors
(857) 383-2409 ALOT@investorrelations.com
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