Nano Dimension Announces Sale of DragonFly LDM® System to an Academy of Engineering Physics in the Pacific Rim
December 29 2020 - 9:00AM
Nano Dimension Ltd. (Nasdaq: NNDM), an
industry leading Additively Manufactured Electronics (AME)/PE
(Printed Electronics) provider, today announced that it
has sold a DragonFly LDM® system for additive manufacturing of
High-
Performance
Electronic
Devices
(
Hi-PEDs™) to an Academy of Engineering Physics in
the Pacific Rim. The DragonFly LDM® system is the only technology
in the world that uses digital files and 3D simultaneous printing
of dielectric and conductive materials to rapidly produce high
performance multi-layered electronic parts. The new customer is a
leading research institution, focused on research involving plasma
physics, material sciences, materials chemistry, and chemical
engineering.
Yoav Stern, CEO and President of Nano Dimension,
commented: “The fact that another highly respected research
institution has chosen our DragonFly LDM® system to enhance their
research capacities, demonstrates the power and potential of our
world-leading technology. Though our sales pipeline has been
affected by the pandemic, we are very pleased with this contract,
as it is representative of our primary target markets during the
COVID-19 pandemic. Importantly, this contract suggests that the
Asia Pacific Region may be in the early stages of recovery from the
Covid-19 pandemic, which would bode well for our sales
opportunities in that region. As Covid-19 vaccines become widely
available in 2021 and pandemic related restrictions are lifted, we
are confident that the commercialization of our technology will be
accelerated. ”
The DragonFly LDM® system is being deployed in a
wide range of industries, including academic and research
institutions, defense, aerospace, autonomous automotive, robotics,
and biotech. Its ability to enable on-site prototyping in a matter
of hours instead of weeks; create products with better performance;
reduce the size and weight of electronic parts and devices; enable
innovation; and protect IP, which is critically important,
represents a paradigm shift in how industry and research
institutions will research, develop, and produce
Hi-PEDs™.
Yoav Stern added: “Thanks to shareholders’
support, we now have approximately $425M (not including $250
million Registered Direct Offering which was priced on December 27,
2020) in cash and are well positioned to capitalize on our
near-term initiatives. During the latter phases of the Covid-19
pandemic, we are focusing our efforts on developing next generation
systems with high volume production capabilities. With the support
of Needham & Co., we are also actively pursuing M&A
opportunities, targeting companies that complement our technology
and that will strengthen our sales and distribution channels.”
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. For example, Nano Dimension is
using forward-looking statements in this press release when it
discusses the effects of the COVID-19 pandemic, focusing efforts on
developing next generation systems with high volume production
capabilities, and pursuing M&A opportunities. 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
CONTACT
Yael Sandler, CFO
| ir@nano-di.com
U.S. Investor Relations:
Dave GentryRedChip
Companies
Inc.Dave@redchip.com407-491-4498
or 1-800-RED-CHIP (733-2447)
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