TenCate to Continue Activities of Osiris Inkjet Systems

TenCate has reached an agreement with the official receiver relating to the continuation of the activities of the insolvent company Osiris Inkjet Systems B.V. in Hengelo, the Netherlands. As a result, it will be possible to continue the production and sales of the ISIS(TM) inkjet printing system developed by Osiris. TenCate will take over the tangible and intangible assets from the liquidation and will offer an employment contract to at least six employees (of the ten employees in permanent employment). The activities will be continued in Xennia Holland bv (100% TenCate).

In the view of TenCate, inkjet technology can bring about a revolution in the field of finishing processes. Through innovative methods for surface treatment not only will new functionalities on materials be possible, but thanks to this technological innovation, environmental and quality costs will also be significantly reduced.

Partly on the basis of development projects (Digitex, Digifin), which are subsidized by the European Union and the Province of Overijssel (the Netherlands), TenCate has acquired a leading position in the field of inkjet applications on textile materials. As a result, coatings on a nano scale can be applied to materials, thus enabling new functionalities to be developed. The knowledge acquired by Osiris is in part complementary to this knowledge platform and will strengthen it. Inkjet technology for textile applications on an industrial scale is still in its early stages. In the course of this year TenCate will start up a pilot production process in Nijverdal.

TenCate took a majority interest in Xennia Technology ltd (United Kingdom) at the beginning of 2008. The goal of this acquisition was to use inkjet technology as process technology for the application of surface coatings on textile materials. There had been earlier collaboration with Xennia within the framework of the European Digitex project. Since then developments have occurred in printing and textile finishing that are currently at the beginning of their commercial stage. In the past few years Xennia has launched various inkjet applications relating to the decoration of materials.

In the region of Twente (the Netherlands) knowledge of textile materials and textile processes converges with inkjet technology. This combination of knowledge is unique. Xennia Holland bv can act as a catalyst in a knowledge network that is continuing to develop. Inkjet technology is a new and complex technology, which can prove to be an important innovative motor for future developments within the textile sector. Collaboration with knowledge centres in these developments forms one of the key factors in this. The combination of the knowledge acquired by Osiris with that of Xennia respectively TenCate will strengthen this regional knowledge network.

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