MTL Print today announces a term sheet agreement with Eden Technlogies for the investment of $ 4.5M in MTL Print. MTL Print will merge into Eden Technologies, a publicly traded company in the Tel Aviv stock exchange. At a second stage the company intends to raise additional funds in an IPO to support its R&D plans and market expansion.

Ran Emanuel, MTL Print CEO, says, MTL Print is riding high on customer momentum and our installed base is growing quickly in North America. We will use the investment funds to foster our North American activities with an emphasis on our service team and sales force. It will also allow us to ramp up our research and development plans to meet our ambitious goals in launching new features that will take our machines to the next level?

Adds Moshe NUR, founder and Chairman of the Board, The fact that many of our existing customers opted for their second, third and even forth NURStar flatbed gives us and our new investors the confidence in the value NURStar brings to the market. It allows our customers to print more for less which is the ultimate value. We has several investment opportunities and we chose the one the best fits our growth strategy which will focus on bringing cutting edge technology to the market