Delphax Technologies Canada Limited is in bankruptcy after a declaration by an Ontario court on August 8, 2017. Two days later Air T Inc., based in Maiden, North Carolina, completed a foreclosure on all personal property and rights to undertakings of Delphax Canada.
In October 2015, Air T Inc. through a sizable investment completed a Securities Purchase Agreement of Delphax Technologies Inc. and its subsidiary Delphax Technologies Canada of Mississauga, Ontario, where the company assembles its elan 500 printing presses.
At the time of the 2015 investment, Nick Swenson, Air T’s CEO, stated, “Delphax has developed a disruptive inkjet production printing platform, investing over $17 million into the elan 500 over the past five years… Air T’s debt and equity investment will allow Delphax to build inventories and initiate an effective sales and marketing strategy to accelerate the rollout of the elan 500. In addition, Air T is working with Delphax to develop a competitive leasing program.”
The Delphax elan 500 is a colour sheetfed inkjet press with the ability to produce up to 500 duplex letter images per minute or 3,750 SRA2 (450 x 640 mm) sheets per hour. The press is driven by Memjet print-head technology, whereby every stationary print head on the elan 500 has 70,400 jets that produce up to 700-million drops of ink per second. The press delivers full CMYK colour and 1,600-dpi print resolution.
The elan 500 allows for printing on a range of substrates from weights of 20 to 130 Ibs (60 to 350 gsm) and formats of up to 8 x 8 to 18 x 25.2 inches (203 x 203 mm to 450 x 640 mm). Duplex printing is performed at full speed, explains Delphax, with no degradation due to the press’ SST paper path.
Delphax Canada in Bankruptcy
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