Verico Technology

Verico Technology specializes in advanced roll-to-roll coating solutions, offering tailored contract coating services for various industries, including electronics, automotive, and renewable energy. Founded in 1987 and headquartered in Enfield, US, Verico Technology emerged from the acquisition of Presstek, Inc. by Mark Andy, Inc. in March 2018.

The company was rebranded following this acquisition, marking a strategic pivot towards focusing on specialized coating solutions. Yuval Dubois leads the company as CEO, guiding its operations since its formation. Verico Technology specializes in comprehensive roll-to-roll coating solutions, leveraging over 30 years of experience in contract coating. The company offers a range of services that include mixing and compounding, roll-to-roll coating, and full-scale production, utilizing advanced methods such as slot die coating, gravure coating, and various solvent applications.

These services cater to a diverse clientele, including entrepreneurs and corporate product developers across industries such as electronics, automotive, medical, and renewable energy. The end-user applications for Verico’s products encompass hydrogen fuel cells, filtration membranes, and specialty films which are critical for sectors ranging from aerospace to environmental sustainability. The company’s geographic reach extends beyond its local base, serving clients in key markets including North America, Europe, and parts of Asia, thereby addressing global demand for innovative coating solutions. Verico Technology generates revenue primarily through B2B transactions structured around tailored solutions for its clients.

The business model typically involves direct partnerships and contract agreements with companies requiring specialized coating services. Clients engage with Verico to develop custom formulations and coatings, often entering into comprehensive contracts that cover initial lab trials, pilot projects, and scaling up to full production. Revenue is derived from these contractual services, allowing for a streamlined approach from concept through to manufacturing. Specific pricing structures are determined based on the complexity and volume of services provided, with flagship offerings such as their toll coating pilot line being central to their market strategy.

This structure enables Verico to maintain a flexible approach that meets the unique needs of each client while fostering long-term partnerships for ongoing projects. Verico Technology plans to leverage its recent acquisition and operational expertise to develop new coating products aimed at expanding its service offerings by 2024. The company is targeting increased penetration in European and Asian markets, seeking to establish a stronger presence by the end of 2025. The funding from the acquisition in March 2018 will be utilized to enhance production capabilities, expand R&D efforts, and support marketing initiatives to capture new clients in these strategic markets.