Nano Dimension’s Director, Yaron Eitan, Invests in the Company
September 10 2020 - 8:29AM
Nano Dimension Ltd.
(Nasdaq: NNDM),
a leading
Additively Manufactured Electronics (AME)/PE
(Printed Electronics) provider, announced
today that Yaron Eitan, who joined the Company’ board of directors
in February 2020, is purchasing from the Company a warrant to buy
up to 1,500,000 of the Company’s American Depositary Shares (ADSs)
for an exercise price of $2.25 per ADS, a total investment of
$3,375,000. The cost of the warrant is $150,000. The warrant will
vest over a period of three years and will have a term of seven
years.
Mr. Eitan commented: “Nano Dimension’s ‘one of
its kind’ DragonFly LDM fabrication machine, that enables digital
printing of 3D-advanced electronics, combined with a new and highly
experienced management team, with whom I have worked before, is a
winning combination. At this point, I know the company, its
markets and its unprecedent barriers-to-entry for competition,
which it has built through unique material, process and related
intellectual property. I am excited to align my personal
financial interest with the rest of our loyal shareholders. I
believe that the recent personal investment by the Company’s Chief
Executive Officer should be a sign of commitment and confidence in
the new Nano Dimension.”
About Nano Dimension
Nano Dimension (Nasdaq: NNDM) is a provider
of intelligent machines for the fabrication of Additively
Manufactured Electronics (AME). High fidelity active electronic and
electromechanical subassemblies are integral enablers of autonomous
intelligent drones, cars, satellites, smartphones, and in
vivo medical devices. They necessitate iterative development, IP
safety, fast time-to-market and device performance gains, thereby
mandating AME for in-house, rapid prototyping
and production. Nano Dimension machines serve cross-industry
needs by depositing proprietary consumable conductive and
dielectric materials simultaneously, while concurrently
integrating in-situ capacitors, antennas, coils, transformers and
electromechanical components, to function at unprecedented
performance. Nano Dimension bridges the gap between PCB and
semiconductor integrated circuits. A revolution at the click of a
button: From CAD to a functional high-performance AME device in
hours, solely at the cost of the consumable materials. For
more information, please visit www.nano-di.com.
Forward Looking Statements
This press release contains forward-looking
statements within the meaning of the “safe harbor” provisions of
the Private Securities Litigation Reform Act of 1995 and other
Federal securities laws. Words such as “expects,”
“anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates”
and similar expressions or variations of such words are intended to
identify forward-looking statements. Because such statements deal
with future events and are based on Nano Dimension's current
expectations, they are subject to various risks and uncertainties.
Actual results, performance or achievements of Nano Dimension could
differ materially from those described in or implied by the
statements in this press release. The forward-looking statements
contained or implied in this press release are subject to other
risks and uncertainties, including those discussed under the
heading “Risk Factors” in Nano Dimension’s annual report on Form
20-F filed with the Securities and Exchange Commission (“SEC”) on
March 10, 2020, and in any subsequent filings with the SEC. Except
as otherwise required by law, Nano Dimension undertakes no
obligation to publicly release any revisions to these
forward-looking statements to reflect events or circumstances after
the date hereof or to reflect the occurrence of unanticipated
events. References and links to websites have been provided as a
convenience, and the information contained on such websites is not
incorporated by reference into this press release. Nano Dimension
is not responsible for the contents of third-party websites.
NANO DIMENSION INVESTOR RELATIONS
CONTACTYael Sandler, CFO | ir@nano-di.com
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