WEST WARWICK, R.I.--(BUSINESS WIRE)--AstroNova, Inc. (NASDAQ: ALOT), a global leader in data visualization technologies, today announced that its TrojanLabel ApS business unit and Nilpeter A/S have established an international distribution agreement for the Trojan2 mini digital label press. Under the agreement, the Trojan2 will be marketed and distributed through Nilpeter’s subsidiaries in the United States, Brazil, the Asia-Pacific, the United Kingdom and Ireland.
“Our strategy is to offer a wide range of digital solutions with our PANORAMA product line, and the Trojan2 fits perfectly into this equation,” said Jakob Landberg, Sales & Marketing Director at Nilpeter A/S. “The Trojan2 offers converters an affordable mini digital label press that has the characteristics of the larger, more expensive systems. We are proud to partner with TrojanLabel, which has grown rapidly to become one of the leading manufacturers in the digital color label printer market.”
Mikkel Wichmann, Managing Director of TrojanLabel, said, “This is a significant partnership that will accelerate our leadership position in the digital label press market. By forging this strategic alliance with Nilpeter, we gain a global distribution partner that will further strengthen our customer relationships and enhance our distribution channels.”
AstroNova, Inc. (NASDAQ: ALOT), a global leader in data visualization technologies, designs, manufactures, distributes and services a broad range of products that acquire, store, analyze and present data in multiple formats. The Product Identification segment offers a variety of hardware and software products and associated supplies that allow customers to mark, track and enhance the appearance of their products. The segment’s two business units are QuickLabel®, the industry leader in tabletop digital color label printing and TrojanLabel™, a leader in the light-production color label press and specialty printer markets. The Test and Measurement segment includes the Test & Measurement business unit, which offers a suite of products and services that acquire, record and analyze electronic signal data from local and networked sensors. The segment also includes the Aerospace business unit, which makes printers, networking hardware and related accessories. These products are used in the aircraft flight deck to print flight plans, navigation information and performance data and in the aircraft cabin to print maintenance data, receipts and passenger manifests. AstroNova is a member of the Russell Microcap® Index and the LD Micro Index (INDEXNYSEGIS: LDMICRO). Additional information is available by visiting www.astronovainc.com.
Information included in this news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not statements of historical fact, but rather reflect our current expectations concerning future events and results. These statements may include the use of the words “believes,” “expects,” “intends,” “plans,” “anticipates,” “likely,” “continues,” “may,” “will” and similar expressions to identify forward-looking statements. Such forward-looking statements, including those relating to the distribution agreement between TrojanLabel ApS and Nilpeter A/S, involve risks, uncertainties and other factors, some of which are beyond our control, which may cause our actual results, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. These risks, uncertainties, and factors include, but are not limited to, those factors set forth in the Company’s Annual Report on Form 10-K for the fiscal year ended January 31, 2017 and subsequent filings AstroNova makes with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The reader is cautioned not to unduly rely on such forward-looking statements when evaluating the information presented in this news release.