Scodix completes initial public offering on the Tel Aviv Stock Exchange

July 23, 2021

Scodix (TASE: SCDX), the world’s leading provider of digital enhancement solutions for the graphic arts industry, has announced today that the Tel Aviv Stock Exchange now includes Scodix as a publicly traded company, under the ticker symbol SCDX. Scodix raised approximately NIS 62 million ($19 million) in the IPO. Eli Grinberg, CEO, and founder of Scodix, states, “We thank investors for their significant expression of confidence in Scodix, which is reflected in the successful IPO recruitment.”

Grinberg adds, “Scodix has identified significant demand for enhanced printing solutions in the packaging and Web-2-Print markets and aims to increase its foothold. In recent months, we have worked with leading global packaging manufacturers and recognize the growing interest in our solutions. At the same time, we continue to serve the commercial print market.”

Scodix presses are among the first in the world to provide a digital solution for print enhancement and significantly shorten the enhancement cycle time compared to analog presses. Offering the widest variety of digital enhancement on the market, including Scodix Foil™, Scodix Sense™, Scodix Cast&Cure™ and more. Scodix enhanced print delivers a tactile experience and high-end impact for brands that want their products to stand apart.

Scodix’ current line of presses includes the recently launched Scodix Ultra Digital Enhancement series of presses, including six presses that each appeal to a different market, allowing for printing in different volumes and different sheet sizes up to B1.

The company markets the presses to all print service providers and converters as follows: the Scodix Ultra 5000 and 6000 presses for packaging, the Scodix Ultra 4000 and 3000 presses for Web-2-Print and the Scodix 2000 and 1000 presses for the commercial print and specialty markets. To date, Scodix has registered 41 patents and is in the process of filing 3 patent applications worldwide.

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