YAVNE, Israel , Oct. 23, 2023 /PRNewswire/ — Highcon Systems Ltd (TASE: HICN), today announced a commitment by existing and new investors to make a new equity investment in the Company, a restructuring of its bank loans and credit lines and the receipt of orders for two units of the Highcon Beam 2C worth $~4M. Building on these important achievements, the Company has built a new business plan to reach positive cash flow and toward operational profitability in 2024. In addition, Highcon is announcing the installation of two units of the Beam 2 digital die cutting system in Europe for folding carton and together with BHS Corrugated Maschinen (BHS) today jointly announced a Strategic Partnership expected to have far-reaching implications for the digitalization of the corrugated packaging market.

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