Highcon (TASE: HICN) today announced a $8M investment by Sealed Air Corporation (NYSE: SEE) in the context of a strategic collaboration between the two companies.\u00a0 The scope of the strategic collaboration includes the following components:<\/p>\n
SEE, with revenues of $5.5B in 2021, is in business to protect, solve critical packaging challenges, and \u201cmake our world better than we find it.\u201d\u00a0 SEE has identified that Highcon\u2019s digital paperboard converting capabilities and its unequalled knowhow around laser cutting of paperboard can support and accelerate their vision and business objectives.<\/p>\n
The strategic collaboration includes the purchasing of a Highcon Beam 2C system for delivery and installation in the first quarter of 2023. The in-house presence of the system will allow SEE to accelerate the testing of new designs and products, as well as the manufacturing and delivery of corrugated products to the company\u2019s customers.<\/p>\n
\u201cOver the past months, the SEE team has been really impressed with the talent at Highcon and the company\u2019s culture.\u00a0 Highcon\u2019s technology and capabilities represent a meaningful opportunity for SEE\u201d said Sergio Pupkin, SVP and Chief Growth & Strategy Officer, SEE.\u00a0 \u201cHighcon\u2019s sustainability value proposition aligns with and can help us advance our vision and plans.\u00a0 The roadmap we are developing together is exciting, and our investment in Highcon is a natural first step in this context.\u201d<\/p>\n
\u201cSEE is taking Highcon\u2019s technology to places that were beyond the way that we typically defined our market opportunity.\u00a0 Growing that opportunity, entering new application spaces, and working together with a world class partner is very exciting\u201d said Shlomo Nimrodi, Highcon\u2019s CEO.\u00a0 \u201cIt\u2019s particularly gratifying to see how SEE reacted to the talent and passions of the Highcon team, and their recognition of the strategic value of our technology.\u00a0 I\u2019m confident that it\u2019s just the beginning as we prove our value to SEE to enable further expansion of our relationship.\u00a0 I\u2019m proud of what we\u2019ve built so far at Highcon, and with this strategic partnership, we can move farther and faster. We are certainly expecting that this collaboration will have positive impact on the company\u2019s existing business.\u201d<\/p>\n
In recent months, teams from Highcon and SEE have collaborated to explore the application of Highcon\u2019s solutions and technology to a range of different activities.\u00a0 \u201cWe\u2019ve demonstrated that Highcon offers so much more than might at first meet the eye\u201d added Nimrodi.\u00a0 \u201cI am proud that we\u2019ve been able to reach an agreement like this despite the current challenging environment.\u201d<\/p>\n","protected":false},"featured_media":66845,"template":"","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false},"class_list":["post-66839","press-release","type-press-release","status-publish","has-post-thumbnail","hentry"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/highcon.net\/es\/wp-json\/wp\/v2\/press-release\/66839","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/highcon.net\/es\/wp-json\/wp\/v2\/press-release"}],"about":[{"href":"https:\/\/highcon.net\/es\/wp-json\/wp\/v2\/types\/press-release"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/highcon.net\/es\/wp-json\/wp\/v2\/media\/66845"}],"wp:attachment":[{"href":"https:\/\/highcon.net\/es\/wp-json\/wp\/v2\/media?parent=66839"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}