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Tel-Aviv, ISRAEL, Sept
25, 1997 - NUR Advanced Technologies Ltd.:
NUR ADVANCED TECHNOLOGIES LTD. REPORTS RECORD SECOND QUARTER REVENUES AND RETURN TO PROFITABILITY |
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Tel-Aviv, ISRAEL, July
10, 1997 - NUR Advanced Technologies Ltd.:
The Board of Directors of NUR Advanced Technologies appoints Erez Shachar as President and CEO. |
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Tel-Aviv, ISRAEL, April
8, 1997 - NUR Advanced Technologies Ltd.:
NUR Advanced Technologies announced private investor group formed by Josephthal Lyon & Ross acquiring 36% of stock in Company. |
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Tel-Aviv, ISRAEL, March
17, 1997 - NUR Advanced Technologies Ltd.:
New NUR Blueboard Super-wide Printer Unveiled. |
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Tel-Aviv, ISRAEL, February
28, 1997 - NUR Advanced Technologies Ltd.:
Signs Major Distribution Agreement with Marbaugh in North America |
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Tel-Aviv, ISRAEL, July
22, 1996 - NUR Advanced Technologies Ltd. announces:
"..Expanded penetration of its large format digital printing market in the US and Europe." |
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Tel-Aviv, ISRAEL, June
6, 1996 - NUR Advanced Technologies Ltd. announces:
"..New wide format printer: Fresco-100s Digital Color Printer." |
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NUR ADVANCED TECHNOLOGIES LTD. REPORTS RECORD
SECOND QUARTER REVENUES AND RETURN TO PROFITABILITY
Tel-Aviv, ISRAEL, Sept. 25, 1997 - Revenues Reached $5.05 Million; Net Profit Achieved After Six Consecutive Quarters of Losses NUR Advanced Technologies Ltd. today announced unaudited results for
the second quarter and six months ended June 30, 1997. Revenues for the
second quarter ended June 30, 1997 grew by 9% to $5,049,000 compared to
$4,653,000 for the same quarter the previous year. Gross profit increased
by 117% to $2,423,000 from $1,116,000 for the same period last year. Net
income was $48,000, or $0.01 per share, as compared to a net loss of
Gross profit margin for the second quarter doubled to 48% from 24% for
the comparable period last year due to the
Mr. Dan Purjes, Chairman of the Board of the Company and Chairman and CEO of Josephthal, Lyon & Ross Incorporated, commented, "At the beginning of the second quarter investors led by Josephthal assumed control of the Company, restructured the Board, appointed Erez Shachar as President and CEO and replaced its CFO. The results of the second quarter clearly indicate the inherent strength of the Company once the practices of the past were eliminated. Under the direction of the new management we are confident that along with the competitive advantage of the Blueboard and a worldwide sales and service organization, the Company is well positioned to realize its growth potential." Mr. Erez Shachar, President and CEO of NUR Advanced Technologies remarked, "The second quarter results mark the beginning of the turn-around program implemented by the Company and we are very encouraged by the rapid improvement in its financial performance. We believe that we are on the right track for reaching the profitability levels we have set for ourselves, while investing heavily in future generation products which will secure out leadership position in the professional wide format printing market." NUR Advanced Technologies Ltd. is a world leader in the development, manufacturing, marketing and servicing of wide-format ink-jet printing systems and consumables. The Company's printers are marketed principally to commercial printers, media companies, and screen printers for a variety of large format applications, such as billboards, posters, banners and point of purchase displays for advertising as well as decorations and backdrops for show rooms, fleet graphics, trade shows, museums and exhibits. NUR printers are installed in over 120 sites throughout Europe, North and South America, Africa and Asia. Click here for Q2 results. |
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NEW YORK, July 10,
1997 - The Board of Directors of NUR Advanced Technologies appoints
Erez Shachar as President and CEO.
NEW YORK, July 10, 1997. -- The Board of Directors of NUR Advanced Technologies Ltd. is pleased to announce the appointment of Erez Shachar as President and Chief Executive Officer of the company, effective July 15, 1997. Shachar brings with him extensive experience in the management of sales, marketing, and research and development in the field of digital printing and prepress technologies. Shachar is joining the company from Scitex Corp. Where he served for eight years, most recently as the vice president of sales and marketing of Scitex Europe, the largest selling subsidiary of Scitex Corp. Shachar holds a B.Sc. in mathematics and computer science from Tel Aviv University (Israel) and a MBA degree from INSEAD (France). Shachar replaces Ehud Sarig who resigned from the position of President and CEO, and as a member of the board of directors of the company. Sarig will pursue private investment interests. The board acknowledges and thanks Sarig for his service and contribution to the company and wishes him success in his future endeavors. |
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TEL AVIV, ISRAEL, April
8, 1997 - NUR Advanced Technologies announced private investor group
formed by Josephthal Lyon & Ross acquiring 36% of stock in Company.
TEL AVIV, ISRAEL, April 8, 1997 -- NUR Advanced Technologies Ltd. (NASDAQ/NMS:NURTF), today announced that a private investor group formed by Josephthal Lyon & Ross Incorporated acquired approximately 36% of the capital stock of NUR Advanced Technologies from Moshe Nur, the former Chairman of the Board of Directors. In addition, Josephthal committed to provide additional working capital and managerial support to the Company. In connection with the purchase, Moshe Nur and Yehezkel Ben-Sira resigned from the Board of Directors. Dan Purjes, Chairman of Josephthal, Scott Weisman, Senior Managing Director of Josephthal and Ehud Sarig, Chief Executive Officer of NUR were added to the Board of Directors. Dan Purjes was elected the Chairman of the Board of Directors and Ehud Sarig was appointed President of the Company. Ehud Sarig, Chief Executive Officer, stated, "We welcome the stability, leadership and the vote of confidence that the Josephthal investor group brings to the Company. With their support, we can redirect our focus to developing, producing and marketing the world’s leading large-format digital printers. Our growing product family, further strengthened by the recent launch of our most advanced printer to date and accelerating customer acceptance, firmly establishes our dominant position in the marketplace. " Dan Purjes, the newly elected Chairman of the Board of the Company, said "NUR Advanced Technologies, with approximately 100 installed machines worldwide, is well-positioned to become the leader in the large-format digital printing industry. Now that the capital structure has been stabilized, NUR is poised for rapid growth and expansion. " NUR Advanced Technologies Ltd. develops, manufactures, sells and services digital inkjet printers for color large and superwide format printing. |
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TEL AVIV, ISRAEL, March
17, 1997 - New NUR Blueboard Super-wide Printer Unveiled.
TEL AVIV, ISRAEL, March 17, 1997. NUR Advanced Technologies Ltd. (NASDAQ/NMS:NURTF), a leading provider of large format digital printers, today announced the introduction of the new super-wide NUR Blueboard printer at the Screen Print & Digital Print Show in Amsterdam, March 17th through 22nd and at Sign Expo 97 to be held in Las Vegas, April 17-20. The NUR Blueboard is capable of four-color process printing for various applications up to 16.4 feet (5 meters) wide. Using continuous inkjet technology, the NUR Blueboard prints with water and UV-resistant pigmented inks on a large selection of substrates, including paper, vinyl, PVC, mesh, canvas and other fabrics. Typical applications include information murals and outdoor signage, fleet graphics and advertising, scenery backdrops, decorative covers for construction scaffolding, point-of-purchase displays, backlit signs, billboards and many others. "The NUR Blueboard enables customers to undertake a greater range of applications and offer more extensive services than they could before," says Ehud Sarig, Chief Executive Officer. "It represents a quantum leap over the NUR's first printers and we expect it to extend our competitive edge and to greatly increase sales and market share. The NUR Blueboard's speed at high resolution, ease of operation, and output resistance to the elements combine to offer customers new profit-making opportunities," continued Sarig. The NUR Blueboard incorporates new features designed for enhanced production and throughput. A single, full-speed mode, easy loading and unloading of substrates, printing one job while preparing the next job and a host of other improvements contribute to making this the investment of choice for a broad range of large and super-wide printing applications. Sharp images and text are assured by the printer's 70 DPI print resolution. Unique among very large format printers, the NUR Blueboard prints at 300 ft2 (27m2 ) per hour at this resolution. Moving artwork from the designer's studio onto the NUR Blueboard requires little more than saving a file on a disc, or sending it by modem to the printer. The NUR Blueboard is controlled by user-friendly, multitasking software based on the Windows NT operating system, and it accepts popular design formats such as TIFF, CT, BMP, JPG and optional Postscript with continuous tone resolution of 5 to 35 lpi. Souverein Projects in Amsterdam, associated with one of the biggest professional photo labs in Europe, is among customers selected to beta-test the NUR Blueboard printer. Souverein's General Manager Hans Van Dijk praises the product. "Our investment in the NUR Blueboard was a logical step following on the successful integration of the 5.25 feet wide (1.6 meter) NUR Outboard in our company last year. We specialize in very large format, super-wide digital printing, and this printer is ideally suited to our requirements. Its 16.4 feet (5-meter wide) print width, the possibility to print backlit signs, coupled with its ease of operation and improved throughput proved a cost-effective solution for us and our customers. We were also pleasantly surprised at the relatively short time required to install and get such a sophisticated printer up to production speeds," Van Dijk added. Demos will be arranged at Souverein Projects during the show in Amsterdam. NUR also announced the introduction of new improved ink that enhances the range of colors that can be effectively printed. The new ink, shortly to be made available worldwide, will also be offered to customers operating NUR Outboard and NUR Wideboard printers. An improved loading system upgrade for the NUR Wideboard is also available. NUR Advanced Technologies Ltd. develops, manufactures, sells and services digital inkjet printers for color large and super-wide formats printing. NUR, NUR Advanced Technologies, NUR Blueboard, and the NUR Advanced Technologies logo are trademarks of NUR Advanced Technologies Ltd. Information provided is subject to change without notice. |
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TEL AVIV, ISRAEL, February
28, 1997 - NUR Advanced Technologies Ltd.:
Signs Major Distribution Agreement with Marbaugh in North America. Tel Aviv, Israel - February 28, 1997 - NUR Advanced Technologies Ltd. today announced that it has recently signed a distribution agreement with Marbaugh Color Systems Group of Indianapolis, whereby Marbaugh will distribute exclusively NUR's products in North America, excluding the Northeastern United States and Eastern Canada. Ehud Sarig, NUR's Chief Executive Office, commented: "This new agreement is in line with NUR's new policy of engaging regional distributors for its products in mainland North and South America. The policy strengthens the connection between the developer/manufacturer and the sales force. At the same time, this policy will enable NUR to substantially increase its margins on the sale of its printers and should help increase the margins of NUR's regional distributors." Marbaugh had been involved in distributing NUR's products since 1996 as a dealer of Scitex Corporation, which had been the distributor of NUR's products until the end of last year. Mr. Sarig added, "Marbaugh's prior experience both in the field of wide-format printing and with NUR's products will ensure a smooth transition and continuity in NUR's marketing and sales efforts in North America. Furthermore, the fact that NUR is about to launch one of its new and most advanced products should enable Marbaugh to substantially increase its sales of NUR's products." Mr. Joe Marbaugh, President of Marbaugh, said, "We are strong believers in NUR's state of the art technology and believe this agreement will greatly benefit both companies. We are looking forward to a prosperous long-term relationship with NUR." Marbaugh Color Systems recently opened a major fully equipped distribution center in Indianapolis. Since 1966 NUR America, a subsidiary of NUR Advanced Technologies, has rendered support and logistical services in North America. NUR Advanced Technologies Ltd. Develops, manufactures, sells and services diigital color continuous inkjet printing systems for large format printing.
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NUR Advanced Technologies Ltd. announces:
Expanded penetration of its large format digital printing market in the US and Europe. TEL AVIV, ISRAEL, July 22, 1996 - Nur Advanced Technologies Ltd. (NASDAQ/NMS:NURTF) announced today expanded penetration of the large format digital printing market in the United States and across Europe with the utilization of its printing technologies. In the United States, Nur printers have executed a project for Samsung. The completed project is a series of wall murals printed on vinyl mesh using Nur Wideboard printer technology and displayed across three buildings on Manhattan's Avenue of the Americas from 24th-26th street. Nur Wideboard printers also supplied the technology for a similar campaign in Manhattan; this time to produce a print for Calvin Klein. The billboard, featuring actor Antonio Sabatos Jr., now hangs in the center of Times square. Mega Art/Applied Graphics Technologies utilized Nur Wideboard Printers to produce the prints for both the Samsung and the Calvin Klein campaigns. Producing prints of up to 16 ft. in width, the Nur Wideboard Printer offers the best solution to large format printing of large widths and is becoming a significant factor in the expanding industry of outdoor advertising. The outdoor advertising industry, which Nur directly services continues to see strong growth as reported on July 11 by the The New York Times. " The reasons for the seeming outdoor bounce-back include: new technologies like computer graphics, which make possible innovative signs like Samsung's and represent a marked improvement in reproduction quality over conventional paper". In addition the New York Times reported that "outdoor advertising appears to be enjoying a renaissance. The revival has attracted the attention of Wall street as well as Madison Avenue". The surge of growth in the industry was also reported in the Wall Street Journal. Mr. Arte Moreno, owner of Outdoor Systems, the largest outdoor advertising company in North America, said, "Outdoor advertising is thriving because more national companies see opportunities for relatively cheap mass marketing with billboards, bus shelters and subway signs." Nancy Fletcher president and Chief executive of the Outdoor Advertising Association, was quoted in the Journal as having said, "Outdoor advertising is growing because of the fragmentation of other media, improved billboard quality due to technological changes and more exposure as people spend more time commuting". Nur's latest technological advance is even a newer innovation in printing, the new state of the art Fresco-100s Digital Color Printer, which was announced last month at an exhibition in Europe. Its main features include 120-150 m²/hour (1200-1500 sq.Ft./hour) printing speed, 120 DPI resolution and up to 1.6 meters (5 feet) printing width. Since it was introduced, the Fresco-100s has engendered much interest by many of the larger print houses across the United States and Europe. To accelerate the proliferation of Nur's technology, a special hanging system has been developed for the specific use of Nur Outboard printers called "Easy Change". "Easy Change" enables the advertiser to hang a large format display of over 100 meters in less than ten minutes without the use of heavy machinery. For example "Easy Change" has enabled the German Railway Advertising Company to install posters, promoting Germany's involvement in the Olympics, in over 43 train stations across the country. With the use of "Easy Change", posters can be installed and replaced easily and quickly. The German media company is planning to use Nur technology on an on-going basis. Another project in Germany is the restoration of the Triumph Monument in Munich which is being funded by the government's selling of advertising space on the monument. Nur's Outboard digital printers and "Easy hange" system will provide the prints for these ad displays of over 6000 sq. feet. Ehud Sarig, Chief Executive Officer, said, "The advantages of using large format digital printing as a visual communication channel is starting to be well accepted as a very viable medium. Because of the quick turnaround, less expensive cost and higher quality, the new printing technology is seeing an expanded customer base. We are optimistic that with the availability of the Fresco-100s Digital Color Printer, Nur Advanced Technologies will see a substantial increase in sales". NUR Advanced Technologies Ltd., develops, manufactures, sells and services digital color continuous ink-jet printing systems for large format printing.
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TEL AVIV, ISRAEL, June
6, 1996 - Nur Advanced Technologies Ltd. announces:
New wide format printer: Fresco-100s Digital Color Printer. The New State-of-the-Art FRESCO-100s Digital Color Printer will Provide Extremely High Resolution, Speed and Flexibility.Nur Advanced Technologies Ltd. (NASDAQ/NM:NURTF) today announced at the FESPA exhibition in Lyon, France, the forthcoming introduction of its new large format printer, the FRESCO-100s. The new printer is expected to be available for supply during the beginning of 1997. The NUR FRESCO 100s' main features include 120-150 m2/hour (1200-1500 sq. ft/hour) printing speed, 120 DPI resolution, and up to 1.6 meters (5 feet) printing width. Moshe Nur, Chairman of the board commented, "This is the latest of Nur's new generation large format printers. The NUR FRESCO-100s combination of high resolution, speed, flexibility and operational efficiency should make it a more attractive alternative to other printers available in the market. The NUR FRESCO-100s technology and design concept is based on four years of experience in the field. We feel this new state of the art product will provide the optimal solution for our users' needs". The new printer utilizes continuous ink-jet technology, like the first generation of NUR's products. This technology provides for high productivity and consistent color reproduction. The FRESCO-100s is a heavy duty machine that prints on a large variety of common substrates, including paper, PVC, Vinyl, fabrics and mesh. NUR Advanced Technologies Ltd., is a leading provider for large format digital printers. The Company's printers are 1.5 to 5 meters wide and can print images of any size, from poster size to thousands of square meters directly from computer files. Unlike conventional printing methods, the printers are especially suited for short runs, from a single copy to several dozen. Typical large format applications include posters and billboards TV, movies and theater backdrops, vehicular graphics, exhibitions and fairs, banners, public and commercial building graphics, construction sites and sporting, cultural and commercial events. NUR Advanced Technologies Ltd., develops, manufactures, sells and services digital color continuous ink-jet printing systems for large format printing. |