The Inkjet Diaspora - Development & Growth into Global Industrial Applications Pedro Martínez Afford Inks – Madrid, Spain Tel: / Mob: InPrint Conference – München Nov 2015

AGENDA Brief introduction to Afford Inks Development of Inkjet from Home / Office and Marking / Coding into Industrial Applications Market maturity in home / office / photo and WF graphics drives OEM’s and printers into industrial applications Technology enablers and ink developments Future direction in industrial printing markets – and how Afford can help 2 InPrint Conference – München Nov 2015

About Afford Inks Privately-owned ink manufacturer based in Madrid, Spain One of only two Spanish manufacturers of inkjet inks Also manufactures screen inks, pad inks, coatings and varnishes Inkjet ink range includes: – UV curable inks – Solvent and eco-solvent inks – Aqueous inks and “latex” inks – Textile inkjet inks We custom develop inkjet inks with specific properties and performance attributes for our OEM partners We have some novel capabilities and access to unique technology 3 InPrint Conference – München Nov 2015

Former Case for the Defence of Analogue Inkjet is too unreliable, or too slow The inks and media cost too much Hardware investment cost is too large There is nothing wrong with how we manufacture, package & print now……. We cannot get the same colours / colour density / ink deposit / durability / fade resistance……. Our workforce doesn’t understand inkjet… But new inkjet developments continue to knock down these barriers and perceptions like dominoes……. 4 InPrint Conference – München Nov 2015

Production Narrow Format Marking & Coding Office & Home Addressing & Franking Flatbed Graphics Digital Textile Wide Format Graphics Grand Format Graphics 3D Applications Flexible Packaging Labelling Rigid Packaging Wood Laminates Ceramic Tiles Electronic Displays Glass Decoration Home Furnishings  Fastest growth since 2013: Ceramic Tiles, Textiles and 3D printing  Frontier inkjet trends >>> High Speed, Single Pass and Application-Specific Inkjet Migration >> Industrial Applications 5 InPrint Conference – München Nov 2015

Inkjet Applications – Market Maturity Wide Format Graphics Aqueous CAD/ GIS GF Solvent WF Latex/Resin WF Eco Ceramics FAST GROWTH SLOW or NEGATIVE GROWTH MATURE MARKET EMERGING MARKET Textile UV Graphics Production Sheetfed UV Industrial / Home Decor Printed Electronics Labelling Sources: Ink Jet Alliance 2015 Wood Lam. Packaging 6 Desktop Printers Photo InPrint Conference – München Nov 2015

Industrial Inkjet - Enabling Technologies Development of Industrial Piezo Printheads – e.g. Epson, Kyocera, Ricoh, Xaar, Dimatix, KM, Seiko – New “recirculating” heads don’t trap air Emergence of System Integrators OEM’s / Hardware Manufacturers Improved Driver / Design / RIP Software Precoating & Finishing Technology available Emergence of High Speed Single Pass Inkjet Innovative Ink Manufacturing – Many new functional ink chemistries – Also cost reduction enables wider usage Consider: – The printing system is simply a sophisticated delivery system for the ink – The ink performance and functionality directly affects the final product 7 InPrint Conference – München Nov 2015

Inkjet Ink Technologies Primary Ink Jet Chemistries Aqueous InksOil-based Solvent & Low Odour Solvent Dye-based Pigmented Phase Change /Hot Melt Pigmented UV-curable Free Radical Cationic Aqueous Hotmelt UV Film-forming binder / pigmented InPrint Conference – München Nov

Inkjet Ink: Future “Green” Scenario? Conventional Aqueous Home & Office High Speed Document & Transactional UV Curable Rigid Graphics Durable Applications & Labels Aqueous Resin / Latex WF Graphics Speciality & Packaging Applications InPrint Conference – München Nov

Conclusions Inkjet printing has developed from marking/ coding and home / office applications into wide format, textile, ceramic and many specialist industrial applications Inkjet printing will continue to develop in terms of speed, reliability, and functionality of the inks and fluids it can jet These changes will enable inkjet printing to grow to become the most dominant technology – by value of articles printed – in a wide range of industrial applications In some cases, inkjet will partially replace analogue printing technologies such as screen, offset, flexo, gravure, letterpress and pad. In other cases, such as 3D fabrication, inkjet will be the only printing technology able to deliver the required results. 10 InPrint Conference – München Nov 2015

Afford UV Curable Inkjet Inks SeriesHardware / PrintheadsInk Type Colours CMYKlclmlklyWV UV850TKM512/1024; Seiko; Xaar; DimatixToughCMYKlclmlklyWV UV851TRicoh Gen4ToughCMYKlclm WV UV852THP flatbedsToughCMYKlclm W UV854TOcé Arizona / Fuji AcuityToughCMYK W UV855TMimaki LH-100 replacementToughCMYKlclm W UV858TRicoh Gen5ToughCMYKlclm WV UV868TDimatix PolarisToughCMYKlclm W UV880FKM512/1024; Seiko; Xaar; DimatixFlexibleCMYKlclmlklyWV UV881FRicoh Gen4FlexibleCMYKlclm WV UV885FMimaki LF-200 replacementFlexibleCMYKlclm W UV888FRicoh Gen5FlexibleCMYKlclm WV UV898FDimatix PolarisFlexibleCMYKlclm UV890TEpson DX-5 / 6 / 7ToughCMYKlclmlk WV UV892FKyocera KJ-4FlexibleCMYK Above listing is for standard UV inkjet products and colours Special colours (orange, green) and special ink functionalities available upon request 11

Partnering with Afford Inks Afford Inks seeks OEM’s and industrial corporate partners that require development of special inkjet inks and coatings / varnishes with special performance characteristics – High opacity – Exceptional durability – Specific functionalities We also have opportunities in some countries for Distribution Partners with good technician support, to distribute our aftermarket ink ranges (inkjet, screen printing and pad printing, varnishes) We are open to develop and manufacture specific pigment dispersions in UV monomers for competitive ink manufacturers and other clients InPrint Conference – München Nov

Thanks for listening! 13 Pedro Martínez Afford Inks – Madrid, Spain Tel: / Mob: InPrint Conference – München Nov 2015