Nano Dimension Launches DragonFly LDM® 2.0 Update
May 25 2021 - 9:19AM
Nano Dimension Ltd. (NASDAQ: NNDM), an industry
leading provider of
Additively
Manufactured
Electronics
(
AME)/
PE (Printed
Electronics)
systems, today announced the launch of its next-generation
DragonFly LDM® 2.0 system, a comprehensive update to the Company’s
flagship product that introduces improved print quality, optimized
ink utilization and smarter management for printer uptime. The
DragonFly LDM® system is the only known technology in the
world that uses digital files and simultaneous 3D-printing of
dielectric and conductive materials to rapidly produce high
performance multilayered electronic devices (Hi-PEDs®:
Hi-
Performance
Electronic
Devices).
“I am excited to announce the DragonFly LDM® 2.0
update, which was developed by Nano Dimension R&D
multidisciplinary teams over the last several months,” said Nir
Sade, Nano Dimension VP, Product Champion. “This great effort
resulted in a product that will significantly take us one step
closer to fulfilling our vision of additive manufacturing of
Hi-PEDs® in a cleaner, smarter, and faster way.”
The DragonFly LDM® 2.0 update consists of
hardware and embedded software upgrades that provide improved user
experience, including optimized ink utilization, improved print
quality with print-head calibration and nozzle cancellation
wizards, as well as improved printer uptime with better maintenance
system design and semi-automatic calibrations. Nano Dimension
customers with service contracts are eligible to receive the
DragonFly 2.0 update at no cost. Approximately 68% of the Company’s
customers worldwide already upgraded the early-bird DragonFly Pro®
machines to the previous release of DragonFly LDM® systems.
“This free update to our existing DragonFly
system owners is expected to contribute to increased customer
satisfaction, while demonstrating to potential new customers our
commitment to constant product improvements,” added Sade.
The DragonFly LDM® system is already being
deployed in a wide range of industries, including academic and
research institutions, defense, aerospace, aviation, autonomous
automotive, robotics, and advanced medical applications. Its
ability to enable on-site proof of concept and prototyping of
advanced designs in a matter of hours instead of weeks; create
special PCBs and Hi-PEDs® with better performance; reduce the size
and weight of electronic 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®.
Sales of the new DragonFly LDM® 2.0 system are
expected to begin June 1, 2021.
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 potential of its products, increased customer satisfaction and
the timing of sales of the new DragonFly LDM® 2.0 system. 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 11, 2021, 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.
Contact:
NANO DIMENSION INVESTOR RELATIONS CONTACTYael
Sandler, CFO | ir@nano-di.com
U.S. Investor Relations:Dave Gentry
RedChip Companies Inc. Dave@redchip.com
407-491-4498 or 1-800-RED-CHIP (733-2447)
SOURCE: Nano Dimension Ltd.
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