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PV Nano Cell Signs LOI for the $10M Acquisition of Digital Printer Manufacturer, DigiFlex
PV Nano Cell Signs LOI for the $10M Acquisition of Digital Printer Manufacturer, DigiFlex.
About this update from Pv Nano Cell Ltd.
[{"type":"text","content":"\n\n\n\nPV Nano Cell Signs LOI for the $10M Acquisition of Digital Printer Manufacturer, DigiFlex\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nPV Nano Cell Signs LOI for the $10M Acquisition of Digital Printer Manufacturer, DigiFlex\nPR Newswire\nMIGDAL HA'EMEK, Israel, Feb. 13, 2017\n\n\n\nMIGDAL HA'EMEK, Israel, Feb. 13, 2017 /PRNewswire/ -- PV Nano Cell Ltd. (OTCQB: PVNNF), an innovative producer of single-crystal, metal nanometric based conductive digital inks, announced today that the Company signed an LOI to acquire all of the outstanding shares of DigiFlex Ltd., which develops, manufactures and distributes the DigiFlex Flexojet inkjet-based printing system, in an all-stock transaction valued at approximately $10 million.\n\n\"We have entered into this transaction because of the synergies between DigiFlex and PV Nano Cell, which we hope will generate significant global sales opportunities for both our product lines and create near and long-term value for our shareholders. Specifically, DigiFlex offers PV Nano Cell a number of key printer technologies and inks that will allow us to implement a comprehensive 'Complete Solution Approach' for our customers. As a result, we will have the unique ability to support Additive Digital design, prototyping and mass production of electronic devices, such as PCBs, all in one. We believe this approach will be very attractive to customers, especially when coupling it with our cost-efficient and mass production compatible line of Sicrys™ silver and copper conductive inks,\" said Dr. Fernando de la Vega, CEO of PV Nano Cell. \"We are honored that DigiFlex's investors have chosen to join us and we welcome them as shareholders in PV Nano Cell.\"\n\n\"The acquisition of DigiFlex will support a strategy to go to market with a printer system that has been praised industry wide. The efficiency, accuracy, narrow patterning and multi-ink, multi-layer capabilities of the DigiFlex FlexoJet is an attractive solution for design, prototyping and small batches production of electronic devices. These capabilities can be directly tran...