Product category:
Printing Pre-Press Systems and Materials (Repro, Platemakers, CTP, Workflow, Document Management, Design Software, etc.)
News Release from: DataLase | Subject: Datalase
Edited by the Printingtalk Editorial
Team on 27 September 2005
Sherwood Looks For US Headquarters
Sherwood Technology is to further expand in to the US market in early 2006.
Sherwood Technology is to further expand in to the US market in early 2006 The company said that the expansion will see the opening of a new Eastern US headquarters, which will support existing and new customers and partners in North America
This article was originally published on Printingtalk on 6 Apr 2004 at 8.00am (UK)
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The planned developments follow the success of Sherwood's colour change products, including Datalase, which has experienced year on year sales growth of over 300 per cent, claimed Sherwood.
That growth has been further influenced by the granting of a US patent in January 2005, for Sherwood's method for laser marking edible products.
Following the US launch of Datalase at Pack Expo 2004, Sherwood has signed license agreements with international organisations, two of which are based in North America.
Further reading
Sherwood Reveals Datalase Secrets In Presentation
Colour change specialist Sherwood Technology is offering copies of a presentation from the 2004 Materials Congress.
Low Power Laser Success For Plastics Marking
Colour change specialist, Sherwood Technology has made what it claims to be a breakthrough development in achieving the satisfactory marking of plastics using low power CO2 lasers.
Trials and evaluations are now being conducted in a range of US industries, including pharmaceutical, fresh produce, bakery, confectionery, beverage and the snacks sectors.
Datalase Edible is claimed to allow a safe, high contrast image to be formed on to edible products in the pharmaceutical, fresh produce and confectionery industries such as tablets, capsules, fruit and vegetables and hard shelled sweets.
The new US headquarters will function as a sales office, manufacturing, distribution and warehousing facility for all US-based customers and license partners.
The facility will also house an applications laboratory to demonstrate the range of possibilities for laser marking, enabling current and potential licensees and end users to test the final results of using Sherwood's colour change technology to mark their products using a variety of lasers.
Sherwood is currently recruiting a vice president and an experienced sales and technical team in order to staff the new facility.
To support the business Sherwood is also in the process of raising further investment, underpinned by existing shareholder and UK venture capital fund MTI.
Steve Kelly, the managing director of Sherwood Technology, said: "We are delighted with the interest from US-based license partners and end-users.
We are excited about demonstrating our commitment to the US market with this significant investment. Request a free brochure from DataLase ...
We believe that by offering the centre of excellence, our US-based customers and partners will benefit significantly and Sherwood will be strongly positioned for future growth in this market." With regard to the fundraising, Steve Kelly added: "We regularly receive interest from US venture capitalists and now there is an opportunity, with assistance from MTI's new US presence, to enhance our plans with a value-added US investor.".
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