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Haycon enters the US market for the first time. Although this is a relatively small financial transaction, the company says that it is a strategic transaction that gives the company a first foothold in the American market.
The company signed a deal with an American giant to sell the ‘Beam2C non-stop’ system for about $ 2.5 million. As mentioned, this is the first transaction for the sale of the system that allows non-stop production for the corrugated cardboard market.
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Shlomo Nimrodi, CEO of Haikon Systems: “Today we are updating on a significant milestone as part of the company’s development and expansion of its activities. We have signed the first sale of our Beam2C non-stop system, which is being carried out by a huge American company with many manufacturing plants, and accordingly we see potential for the purchase of additional systems from the customer.
The system sold allows for non-stop production (non-stop) for the corrugated cardboard market and thus significantly optimizes production output. This order was made after a comprehensive series of tests by the customer, including testing with existing customers of the company, and we see it as an expression of confidence in ICON’s advanced technology. And its ability to generate significant value for its customers. ”
The system will be delivered in two beats. By the end of 2021, Icon will provide the customer with a Beam2C system and this will be upgraded during 2022 to Beam2C non stop. The expected consideration for the system is approximately $ 2.5 million, of which the company expects that an amount of approximately $ 2 million will be recognized as the company’s revenues as early as 2021.
To date, Hacon has sold Beam-type systems in the $ 1.3 million to $ 2 million price range and Euclid-type systems in the $ 600,000 to $ 1 million price range, according to the company. More significant than consumables and service contracts during machine life.
The Beam2C non-stop system enables continuous cardboard feeding without the need to stop the machine for loading paper surfaces, which significantly streamlines and improves the production output of relatively long series of corrugated cardboard packaging.
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