Hybrid Software Group acquires Quadraxis Technology

Cambridge (UK), 1 December 2022:  HYBRID Software has completed the acquisition of the technology and intellectual property of Quadraxis, a French company which developed pioneering technology in 3D scanning and image processing.  After Quadraxis went into receivership, HYBRID Software was the successful bidder to acquire its intellectual property from the liquidators, including software source code and trade names.

The acquisition strengthens Hybrid Software Group’s offering in 3D and additive manufacturing solutions.  The Group plans to integrate Quadraxis software into its extensive portfolio which includes other 3D applications such as iC3D and Met3D.

“During its 19 years of operation, Quadraxis developed some unique technology to simplify the capturing of 3D models to facilitate the distortion of graphic designs for shrink sleeves, embossed metal, and thermoformed plastic packaging,”  explains Nick De Roeck, Co-President of HYBRID Software, a HYSG Company.

“Many companies in the packaging industry use Quadraxis technology in automated workflows to make their packaging production less manual and more efficient”, he continues. “We obviously regret the company going into receivership, and really wanted to salvage the technology. By making the successful bid, we are happy to be able to give the technology a new home at HYBRID Software.”

HYBRID Software will continue to assist current customers with continued support and maintenance for their Quadraxis software.  Quadraxis customers or anyone who wants more information can contact HYBRID Software at info@hybridsoftware.com.

Ends

 

About Hybrid Software Group

Through its operating subsidiaries, Hybrid Software Group PLC (Euronext: HYSG) is a leading developer of enterprise software for industrial print manufacturing. Customers include press manufacturers such as HP, Canon, Durst, Roland, Hymmen, and hundreds of packaging printers, trade shops, and converters worldwide.

Hybrid Software Group PLC is headquartered in Cambridge UK. Its subsidiary companies are colour technology developer ColorLogic; printing software developers Global Graphics Software; enterprise software developer HYBRID Software; the developers of photorealistic 3D packaging designs iC3D;  the industrial printhead driver solutions specialists, Meteor Inkjet; and pre-press workflow developer Xitron.

 

Contacts
Mike Rottenborn
CEO
Tel: +1 215 852 8095
Email: mike.rottenborn@hybridsoftware.group

Jill Taylor
Corporate Communications Director
Tel: +44 (0)1223 926489
Email: jill.taylor@hybridsoftware.group

Financial reporting calendar 2023

Cambridge (UK) 1 December 2022: Hybrid Software Group PLC (Euronext: HYSG) plans to publish the following financial information before market opening on the following dates:

Date Publication
30 March 2023 Annual report and accounts for the year ending 31 December 2022
4 May 2023 Quarterly trading update for the quarter ending 31 March 2023
27 July 2023 Condensed consolidated financial statements for the six months ending 30 June 2023
26 October 2023 Quarterly trading update for the quarter and nine months ending 30 September 2023

Quarterly trading updates will include unaudited, condensed financial information primarily focussed on providing information about revenue and EBITDA across the Group’s operating segments.

Annual General Meeting

The Company expects to hold its annual general meeting on Wednesday 10 May 2023.  The meeting’s timing, venue, and final agenda will be provided in accordance with applicable legal and regulatory provisions.

 

About Hybrid Software Group

Through its operating subsidiaries, Hybrid Software Group PLC (Euronext: HYSG) is a leading developer of enterprise software for industrial print manufacturing. Customers include press manufacturers such as HP, Canon, Durst, Roland, Hymmen, and hundreds of packaging printers, trade shops, and converters worldwide.

Hybrid Software Group PLC is headquartered in Cambridge UK. Its subsidiary companies are colour technology experts ColorLogic, printing software developers Global Graphics Software, enterprise software developer HYBRID Software, 3D design and modelling software developers iC3D, the industrial printhead driver solutions specialists, Meteor Inkjet and pre-press workflow developer Xitron.

 

Contacts
Jill Taylor
Corporate Communications Director
Tel: +44 (0)1223 926489
Email: jill.taylor@hybridsoftware.group

Joachim Van Hemelen
Chief Financial Officer
Tel: +32 494 62 89 43
Email: joachimvh@hybridsoftware.group

Hybrid Software Group to meet investors at Finance Avenue, Brussels

Cambridge (UK), 28 November 2022:  Investors will be able to meet with Hybrid Software Group PLC (Euronext: HYSG) on 3 December at Finance Avenue, Tour & Taxis, Brussels, the 17th edition of the fair for readers of De Tijd and L’Echo and Belgians with a keen interest in investing.

 

A physical event with some live on-line content, the HYSG team will be based on stand 116.

 

Executive chairman Guido Van der Schueren will be joined by Joachim Van Hemelen, who was appointed CFO and company director in September, and Floris De Ruyck, the Group’s IRO and legal counsel.

 

Guido Van der Schueren will be presenting an introduction to the Group in a 30-minute workshop which will take place in the afternoon.

 

The event is free of charge for investors.  For more details including how to register please visit  (NL) https://event.mediafin.be/finance-avenue-2022 or (FR) https://event.mediafin.be/finance-avenue-2022-fr

 

Ends

 

About Hybrid Software Group

Through its operating subsidiaries, Hybrid Software Group PLC (Euronext: HYSG) is a leading developer of enterprise software for industrial print manufacturing. Customers include press manufacturers such as HP, Canon, Durst, Roland, Hymmen, and hundreds of packaging printers, trade shops, and converters worldwide.

 

Hybrid Software Group PLC is headquartered in Cambridge UK. Its subsidiary companies are colour technology developer ColorLogic; printing software developers Global Graphics Software; enterprise software developer HYBRID Software; the developers of photorealistic 3D packaging designs iC3D;  the industrial printhead driver solutions specialists, Meteor Inkjet; and pre-press workflow developer Xitron.

 

 

Contacts

Jill Taylor Floris De Ruyck
Corporate Communications Director IRO and legal counsel
Tel: +44 (0)1223 926489 Tel: +32 484 21 32 78
Email: jill.taylor@hybridsoftware.group

 

 Email: florisdr@hybridsoftware.group

 

 

 

 

 

Hybrid Software Group highlights wide range of graphics and industrial inkjet solutions at IGAS

The Group lines up its complete range of technologies at Japan’s international graphic arts exhibition, from 3-D visualisation of packaging to high-speed, colour-managed variable data printing

Cambridge UK, 1st November 2022: Hybrid Software Group (Euronext: HYSG), developer of enterprise software for industrial inkjet manufacturing, is showcasing its complete range of solutions at IGAS, the international graphic arts exhibition at the Tokyo Big Sight in Japan (24 – 28 November).

Group companies – ColorLogic GmbH, Global Graphics Software, iC3D, HYBRID Software, Meteor Inkjet and Xitron – are exhibiting together on booth 6-21 to demonstrate their broad spectrum of packaging, digital and commercial print applications, including the co-developed SmartDFE™ digital front end for digital presses, designed to be part of a fully automated manufacturing system supporting Industry 4.0.

Mike Rottenborn, Hybrid Software Group CEO. comments, “Our brands are well respected in the Japanese market.  We have had a local presence since 2004 when Global Graphics KK was established in Tokyo and over the years our highly motivated and professional team has established Harlequin as the RIP of choice for Japanese printer manufacturers.  They are now joined by our other group companies to display the full breadth of our solutions for industrial inkjet applications at IGAS.”

Yoshiyuki Hagiwara, director of Global Graphics KK adds, “IGAS provides us with a platform to inform our OEM and end-user customers about the best technology for their print operation.  Our booth will feature live demonstrations from all Group companies plus we are particularly pleased to show SmartDFE in action, the first technology co-developed by the Group.”

A major upgrade to the SmartDFE will be featured on the booth. SmartMedia™, is a new suite of components that simplifies the process of obtaining the best quality and color output from a digital press. Powered by the award-winning PrintFlat™ and enhanced with powerful color tools from ColorLogic GmbH, SmartMedia packages all the OEM’s reference press settings for each media and ink set into a library of media definitions and, via a wizard-like experience, enables press operators to easily select the appropriate media and ink set combination without needing specialist knowledge.  Other new innovations on show from around the Group include:

  • HYBRID Software’s iC3D Suite now updated to Version 8.0 with new features and additional enhancements including an optimised shrink sleeve template with several new features. The award-winning iC3D Suite was the first all-in-one design software specifically developed for packaging designers and converters.
  • Meteor Inkjet’s PCC2-E print controller board, which offers higher performance than its predecessor and is backward-compatible with Meteor’s head driver cards.
  • Xitron’s new Navigator Flexo Suite: Label for end-users designed as a powerful workflow for flexo label printers who have outgrown basic RIPs and need more automation. It embeds powerful trapping and step & repeat software from sister company HYBRID Software within the Navigator Workflow product.

 

About Hybrid Software Group

Through its operating subsidiaries, Hybrid Software Group PLC (Euronext: HYSG) is a leading developer of enterprise software for industrial print manufacturing. Customers include press manufacturers such as HP, Canon, Durst, Roland, Hymmen, and hundreds of packaging printers, trade shops, and converters worldwide.

Hybrid Software Group PLC is headquartered in Cambridge UK. Its subsidiary companies are colour technology developer ColorLogic; printing software developers Global Graphics Software; enterprise software developer HYBRID Software; the developers of photorealistic 3D packaging designs iC3D;  the industrial printhead driver solutions specialists, Meteor Inkjet; and pre-press workflow developer Xitron.

 

Contacts

Jill Taylor, Hybrid Software Group
Jill.taylor@hybridsoftware.group
Tel: +44 (0)1223 926489

Christopher Graf, Hybrid Software Group
Christopherg@hybridsoftware.group
Tel: +49 761 70 776 710

Hybrid Software Group releases Q3 results

Cambridge (UK) 20 October 2022 (18.00 CEST) – Hybrid Software Group PLC (Euronext: HYSG) provides a trading update for the nine months ended 30 September 2022.

CEO Mike Rottenborn comments, “The third quarter of 2022 was marked by consistent performance in the Enterprise Software and Printing Software segments. Revenue of the Printhead Solutions segment recovered to levels in line with the third quarter of 2021 after having experienced a severe downturn in H1 due to the global shortage of electronic components. Group revenue for the quarter was up 12% year-over-year despite experiencing more challenging business conditions than a year ago.

“The third quarter results were favourably impacted by the sale of an unused asset (approximately 69,000 IPv4 internet addresses) for a net amount of €3.3 million which closed in July. Given the nature of the sale this income is reported as “Other Income” and is not included in our revenue figures, but it is accretive to EBITDA.

“Group EBITDA was significantly up in Q3 thanks to better operational performance across the board and the sale of the IPv4 internet addresses. EBITDA for the quarter was €4.58 million compared to €1.61 million for Q3 2021.  Credit is due to the entire team for rising to the challenge of these difficult business conditions, and our smaller businesses which focus on colour management, 3-D visualisation, and legacy printing devices deserve special mention for outperforming their revenue and cost targets.

“Although business conditions remain challenging, with rising inflation and the war in Ukraine causing uncertainty for our customers, we have delivered profitable growth throughout the difficult climate of the pandemic, and we expect to continue this in the future”.

 

Financial highlights for the nine months ended 30 September 2022

The following information is unaudited.

For the quarter ended 30 September 2022

  • Revenue for the period was €11.29 million (2021: €10.09 million)
  • EBITDA for the period was €4.58 million, or 41% of revenue (2021: €1.61 million, 16% of revenue)

For the nine months ended 30 September 2022

  • Revenue for the period was €34.73 million (2021: €33.87 million)
  • EBITDA for the period was €9.20 million, or 26% of revenue (2021: €7.42 million, 22% of revenue)

 

Segment analysis

The following tables provide unaudited information about revenue from external customers and EBITDA for the Group’s operating segments for the current and previous financial years. EBITDA is calculated by adding back interest, tax, depreciation and amortisation to net profit.

For more information about the Group’s operating segments, refer to the annual report for the year ended 31 December 2021, which is available from: https://www.hybridsoftware.group/investors/financial-reports.

 

For the quarter ended 30 September 2022:

In millions of euros (unaudited) Enterprise Software Printhead Solutions Printing Software Group Total
Revenue from external customers 5.14 2.49 3.66 – 11.29
Segment EBITDA 1.36 0.13 3.40* (0.31) 4.58
as a % of revenue 27% 5% 93% 41%

 

*Includes “Other Income” of €3.3 million as outlined above.

 

For the quarter ended 30 September 2021:

In millions of euros (unaudited) Enterprise Software Printhead Solutions Printing Software Group Total
Revenue from external customers 4.52 2.51 3.06 – 10.09
Segment EBITDA 1.46 0.14 0.28 (0.27) 1.61
as a % of revenue 32% 6% 9% 16%

 

 

For the nine months ended 30 September 2022:

In millions of euros (unaudited) Enterprise Software Printhead Solutions Printing Software Group Total
Revenue from external customers 16.47 6.10 12.16 – 34.73
Segment EBITDA 4.33 0.35 6.14 (1.62) 9.20
as a % of revenue 26% 6% 51% 26%

 

For the nine months ended 30 September 2021:

In millions of euros (unaudited) Enterprise Software Printhead Solutions Printing Software Group Total
Revenue from external customers 14.85 10.74 8.28 – 33.87
Segment EBITDA 5.17 2.52 0.53 (0.80) 7.42
as a % of revenue 35% 23% 6% – 22%

 

About Hybrid Software Group

Through its operating subsidiaries, Hybrid Software Group PLC (Euronext: HYSG) is a leading developer of enterprise software for industrial print manufacturing. Customers include press manufacturers such as HP, Canon, Durst, Roland, Hymmen, and hundreds of packaging printers, trade shops, and converters worldwide.

Hybrid Software Group PLC is headquartered in Cambridge UK. Its subsidiary companies are colour technology experts ColorLogic, printing software developers Global Graphics Software, enterprise software developer HYBRID Software, 3D design and modelling software developers iC3D, the industrial printhead driver solutions specialists, Meteor Inkjet and pre-press workflow developer Xitron.

 

Contacts
Jill Taylor
Corporate Communications Director
Tel: +44 (0)1223 926489
Email: jill.taylor@hybridsoftware.group

Joachim Van Hemelen
Chief Financial Officer
Tel: +32 494 62 89 43
Email: joachimvh@hybridsoftware.group

Hybrid Software Group sales boosted by LabelExpo excitement

Cambridge (UK), 5 October, 2022: Hybrid Software Group PLC (Euronext: HYSG) enjoyed brisk business at Labelexpo Americas, the first major industry event where all of the companies in the Group exhibited together.

“There was a real buzz on the show floor and a newfound confidence that things are back on a firmer footing after the disruption caused by the pandemic”, says Mike Rottenborn, CEO of Hybrid Software Group.  “Our booth was busy throughout with back-to-back demos.  We rang the ‘closing bell’ often, booking more than $690,000 in business from label printers in Latin America and the U. S.. Interest from OEMs in our SmartDFE solution for industrial inkjet printing was very high and we expect orders from our OEM partners in the next 6-9 months as new digital presses begin shipping in volume.”

Group companies demonstrated new products that they had pre-announced before Labelexpo and these generated a record level of interest on the booth.  Among the new announcements were:

  • HYBRID Software’s iC3D Suite was updated to Version 8.0 with new features and additional enhancements including an optimised shrink sleeve template with several new features. The award-winning iC3D Suite was the first all-in-one design software specifically developed for packaging designers and converters.
  • Global Graphics Software’s SmartDFE™ received a major upgrade with the inclusion of SmartMedia™ technology that creates a library of predefined media definitions describing all the settings needed to get perfect colour and quality. SmartDFE is the fastest digital front end for label and packaging printing.
  • Meteor Inkjet showed the PCC2-E print controller board, which offers higher performance than its predecessor but is fully backward-compatible with the entire range of Meteor’s printhead driver cards.
  • Xitron debuted the new Navigator Flexo Suite: Label for end-users designed as a powerful workflow for flexo label printers who have outgrown basic RIPs and need more automation. It embeds powerful trapping and step & repeat software from sister company HYBRID Software within the Navigator Workflow product.

 

Photo shows the Hybrid Software Group Labelexpo team ready for action at the start of the show.
Ready for action, the Hybrid Software Group team at Labelexpo Americas

 

About Hybrid Software Group

Through its operating subsidiaries, Hybrid Software Group PLC (Euronext: HYSG) is a leading developer of enterprise software for industrial print manufacturing. Customers include press manufacturers such as HP, Canon, Durst, Roland, Hymmen, and hundreds of packaging printers, trade shops, and converters worldwide.

Hybrid Software Group PLC is headquartered in Cambridge UK. Its subsidiary companies are colour technology developer ColorLogic; printing software developers Global Graphics Software; enterprise software developer HYBRID Software; the developers of photorealistic 3D packaging designs iC3D;  the industrial printhead driver solutions specialists, Meteor Inkjet; and pre-press workflow developer Xitron.

 

Contacts

Jill Taylor
Corporate Communications Director
Tel: +44 (0)1223 926489
Email: jill.taylor@hybridsoftware.group

Christopher Graf
Chief Marketing Officer
Tel: ++49 761 70 776 710
Email: christopher.graf@hybridsoftware.group

Global Graphics closes last link in DFE chain with SmartMedia™ color management at Labelexpo Americas

  • SmartMedia technology creates a library of predefined media definitions describing all the settings needed to get perfect color and quality
  • On booth 3015 Hall B Global Graphics Software will show the SmartDFE™ processing fully variable data at blistering speeds and communicating out to the wider print factory

Cambridge (UK), 1 September 2022: Global Graphics Software, developer of innovative components for digital printing and subsidiary of Hybrid Software Group, will be launching SmartMedia at Labelexpo Americas (Booth 3015, Hall B). SmartMedia, a major upgrade to the SmartDFE digital front end for label and packaging presses, removes complexity from the process of color profiling to ensure the best quality and color output from the press.

SmartDFE provides a full software and hardware stack, built around the award-winning Harlequin Direct™ RIP technology that has been designed to drive the fastest, widest and highest inkjet presses. SmartDFE is capable of processing fully variable data at blistering speeds and communicating out to the wider smart print factory, providing valuable information for QA and inspection, press maintenance, and stock control. It enables inkjet engineering teams to get to market quickly with a future-proofed, high-performance solution, whilst allowing them the space and capability to add their own value. SmartDFE provides a complete software stack for high-speed, single-pass inkjet presses and print bars, offering everything from a powerful pre-press workflow through to an ultra-high-speed RIP and halftone screening solution.

SmartMedia is a new suite of components that simplifies the process of obtaining the best quality and color output from a digital press. Powered by the award-winning PrintFlat™ and enhanced with powerful color tools from ColorLogic GmbH, recently acquired by Hybrid Software Group, SmartMedia packages all the OEM’s reference press settings for each media and ink set into a library of media definitions and, via a wizard-like experience, enables press operators to easily select the appropriate media and ink set combination without needing specialist knowledge.

Eric Worrall, Global Graphics’ VP of products and services explains: “The rise of extended color gamut, or 7-color printing, has created an opportunity for SmartMedia technology, as we help manufacturers set up their presses to produce high-quality results across all media types. Smart Media Manager enables the OEM to package their optimal settings for each media into a library. Our innovative technology enables any operator to bring the press back into a reference or golden state so that each media will give great quality and color in the field.”

SmartDFE is designed to be part of a fully automated manufacturing solution supporting Industry 4.0 telematics and MIS integration, plus connectivity with automated manufacturing lines via OPC UA, the open standard for information exchange for industrial communication. It has been co-developed using components from other Hybrid Software Group companies who are also exhibiting on booth 3015, including HYBRID Software’s STEPZ®, the native PDF job creation solution for pre-press and VDP, and HYBRID Software’s CLOUDFLOW® providing advanced workflow automation. SmartDFE also includes support for Meteor Inkjet’s industry-leading printhead electronics and software.

Ends

About Global Graphics Software
Global Graphics Software www.globalgraphics.com develops innovative core technology for digital print, including the Direct™ product range, SmartDFE™, the Harlequin RIP®, ScreenPro™, PrintFlat™ and Mako™. Customers include HP, Canon, Durst, Roland, Kodak and Agfa. The roots of the company go back to 1986 and to the iconic university town of Cambridge, and today the majority of the R&D team is still based near there. Global Graphics Software is a subsidiary of Hybrid Software Group PLC. (Euronext: HYSG).

Contact

Jill Taylor, Corporate Communications Director, Hybrid Software Group
jill.taylor@hybridsoftware.group | Tel: +44 (0)1223 926489

Paula Halpin, PR & Marketing Manager, Global Graphics Software
paula.halpin@globalgraphics.com  |  Tel: +44 (0)1223 926017

Hybrid Software Group appoints new Chief Financial Officer

Cambridge (UK), 10 August 2022 (08.00 CEST): Hybrid Software Group PLC (Euronext: HYSG) has appointed Joachim Van Hemelen as its new CFO and company director following Graeme Huttley’s decision to take up a new role in private equity.  Joachim is currently the CFO of HYBRID Software, a post he has held since 2016.

Peter Goodwin is being promoted from group financial controller to group finance director and company secretary, and Floris De Ruyck, currently the Group’s legal counsel, will be responsible for market relations and compliance.  The team will take up their new roles from 1st September 2022.

During Graeme Huttley’s long service with the Group he has worked closely with successive CEOs and the Group’s senior leadership team to deliver on the Group’s strategy.  He held various finance roles before becoming CFO in 2014 during which time he has also been actively involved in developing the Group’s culture and aligning business processes following a very busy period of acquisitions.

Joachim Van Hemelen (36) played a key role before and after the merger of HYBRID Software with Global Graphics PLC, the predecessor to Hybrid Software Group PLC.  Prior to joining HYBRID Software he was employed as a merger and acquisitions advisor in a Flanders-based mid-market M&A boutique. He started his professional career in 2010 as a financial auditor at BDO.  Joachim earned his Master of Science in Business Administration at the Lessius Hogeschool Antwerp.

Peter Goodwin (36) has served as group financial controller since joining the Group a year ago.  From 2017 to 2021 he was group financial accountant at AIM-listed Marshall Motor Holdings PLC, taking the lead on group financial reporting.  Peter has been an ICAEW Chartered Accountant (Institute of Chartered Accountants in England and Wales) since 2011 and holds a B.Sc. (Hons) degree in Accounting and Financial Management from Loughborough University.

Floris De Ruyck (33) will add compliance to his existing responsibilities for investor relations and legal counsel.  He holds a Master of Law from Ghent University and post graduate degree in corporate finance from Leuven University. Prior to joining the Group in 2021 he was a relationship manager at ING Bank.

Guido Van der Schueren, chairman of Hybrid Software Group comments, “Graeme Huttley has been with the company for more than 25 years and we are extremely grateful for the contribution he has made to the Group, including in many areas outside of the pure finance role.  Joachim is a worthy successor with the right combination of technical ability, a strong focus on financial reporting and controls, and good knowledge of the industry that we serve.  The board of directors welcomes him into his new role.”

Ends

About Hybrid Software Group

Through its operating subsidiaries, Hybrid Software Group PLC (Euronext: HYSG) is a leading developer of enterprise software for industrial print manufacturing. Customers include press manufacturers such as HP, Canon, Durst, Roland, Hymmen, and hundreds of packaging printers, trade shops, and converters worldwide.

Hybrid Software Group PLC is headquartered in Cambridge UK. Its subsidiary companies are colour technology developer ColorLogic; printing software developers Global Graphics Software; enterprise software developer HYBRID Software; the developers of photorealistic 3D packaging designs iC3D;  the industrial printhead driver solutions specialists, Meteor Inkjet; and pre-press workflow developer Xitron.

Contacts
Jill Taylor
Corporate Communications Director
Tel: +44 (0)1223 926489
Email: jill.taylor@hybridsoftware.group

Mike Rottenborn
Chief Executive Officer
Tel: +44 (0)1954 283100
Email: mike.rottenborn@hybridsoftware.group

Hybrid Software Group’s Global Graphics granted US patent for methods to add late breaking data into PDF design files prior to print

Cambridge UK 3rd August, 2022: Global Graphics Software, a Hybrid Software Group (Euronext: HYSG) company, has been granted a US patent for “Methods and systems for indicating and replacing missing element(s) in print job files prior to printing” (United States Patent No. 11334302B1) by the United States Patent and Trademark Office.

Global Graphics Software is a developer of innovative software components for digital print including the Harlequin RIP®, the Direct range, and ScreenPro™, the fastest solutions on the market for driving data through digital presses and ensuring high quality output.

The invention describes how a PDF file may be delivered containing placeholders for data that is not available at the time at which that PDF was created, or not available to the person creating the PDF file. The placeholders may be specified using patterns, spot colors or specific color values.

The method may therefore be used in a variety of use cases including:

  • placeholders for variable data, especially in cases where the jobs should be streamed and the full set of data is not available when the print run starts, or where the variable data is generated dynamically on the fly during printing, e.g. serial and batch numbers, expiry dates, etc.
  • placeholders for secure data that is only made accessible during the printing process, e.g. for security documents, ID cards, lottery or entry tickets etc.
  • placeholders for data that could be damaged if processed through a regular PDF creation and prepress workflows, such as digital watermarking

“There are times when a design delivered to a prepress workflow or the digital front end for a digital press needs to mark some areas to have additional data added later, comments Martin Bailey, distinguished technologist, Global Graphics Software. “Examples include the print job or document rendering time or date, the print job or document rendering location, batch or serial numbers, a customer’s order number, customer name, a job name, a printer/converter/manufacturer’s job number, or a product identifier such as a Universal Product Code or European Article Number product code.

“We work hard to deliver value and innovation to our OEM customers.  This is one of a cluster of patents that highlights how the day-to-day work of our engineering and R & D teams is focussed on delivering productivity and efficiency to print workflows,” he concludes.

Ends

 

Notes to editors

About Hybrid Software Group

Through its operating subsidiaries, Hybrid Software Group PLC (Euronext: HYSG) is a leading developer of enterprise software for industrial print manufacturing. Customers include press manufacturers such as HP, Canon, Durst, Roland, Hymmen, and hundreds of packaging printers, trade shops, and converters worldwide.

Hybrid Software Group PLC is headquartered in Cambridge UK. Its subsidiary companies are colour technology developer ColorLogic; printing software developers Global Graphics Software; enterprise software developer HYBRID Software; the developers of photorealistic 3D packaging designs iC3D;  the industrial printhead driver solutions specialists, Meteor Inkjet; and pre-press workflow developer Xitron.

Global Graphics and Direct are trademarks of Global Graphics Software Limited which may be registered in certain jurisdictions. Global Graphics is a trademark of Hybrid Software Group PLC which may be registered in certain jurisdictions. All other brand and product names are the registered trademarks or trademarks of their respective owners.

Media contacts:

Jill Taylor, Corporate Communications Director Hybrid Software Group
Jill.taylor@hybridsoftware.group
Tel +44 (0)1223 926489
US Tel: +1 978 631 0414

Paula Halpin, PR & Marketing Manager
Global Graphics Software
Paula.halpin@globalgraphics.com
Tel: +44 (0)1223 926017
US Tel: +1 781 996 4201

Hybrid Software Group PLC publishes 2022 interim report

Cambridge (UK), 28 July 2022 (08.00 CEST): Hybrid Software Group PLC (Euronext: HYSG) announces it has published its half year report and unaudited condensed consolidated interim financial statements for the six months ended 30 June 2022.

 

The full document is available to download from the financial reports section of the Company’s web site at  https://www.hybridsoftware.group/investors/financial-reports.

 

Mike Rottenborn, Hybrid Software Group CEO comments, “The first half of 2022 has been challenging for Hybrid Software Group, now comprising six operating units focused on a common mission: to supply all software and electronic components needed to drive an inkjet printing device.

 

“Our growth strategy remains on target, software revenues are rising, and even the most recent acquisitions, ColorLogic and iC3D, are ahead of plan and developing valuable new products.  However, unexpected issues sourcing a critical semiconductor chip caused a severe revenue shortfall in our Printhead Solutions segment and erased the gains from the Printing Software and Enterprise Software segments.  This resulted in subpar financial results for the first half of 2022, a sharp contrast from the record results this segment delivered in 2021.

 

“The situation has already been rectified by redesigning a key circuit board using a more powerful chip.  Thanks to heroic efforts by our employees and valuable input from customers who tested the new design, I’m pleased to report that we are now shipping the new board in production quantities and did not lose any customers due to the quick redesign of this key component, so we expect significant recovery in the second half of 2022.

 

“Hybrid Software Group remains committed to innovation and profitable growth and will continue to invest in additional engineering staff for key projects and business segments.”

 

Financial highlights (unaudited)

 

For the six months ended 30 June
In thousands of euros 2022 (unaudited) 2021 (unaudited)
Revenue 23,435 23,774
Operating profit 248 2,274
Profit before tax 248 1,977
Tax benefit 118 483
Profit for the period attributable to equity holders 366 2,460
EBITDA 4,620 5,812
Adjusted operating profit 1,439 3,827
Adjusted net profit 958 3,518

 

About Hybrid Software Group

Through its operating subsidiaries, Hybrid Software Group PLC (Euronext: HYSG) is a leading developer of enterprise software for industrial print manufacturing. Customers include press manufacturers such as HP, Canon, Durst, Roland, Hymmen, and hundreds of packaging printers, trade shops, and converters worldwide.

 

Hybrid Software Group PLC is headquartered in Cambridge UK. Its subsidiary companies are colour technology experts ColorLogic, printing software developers Global Graphics Software, enterprise software developer HYBRID Software, 3D design and modelling software developers iC3D, the industrial printhead driver solutions specialists, Meteor Inkjet and pre-press workflow developer Xitron.

 

Contacts
Jill Taylor
Corporate Communications Director
Tel: +44 (0)1223 926489
Email: jill.taylor@globalgraphics.com

Graeme Huttley
Chief Financial Officer
Tel: +44 (0)1223 926472
Email: graeme.huttley@globalgraphics.com