Nano Dimension Strengthens its Position in the U.S. by Selling an Additional DragonFly 3D Printer to the U.S. Armed Forces
September 19 2019 - 2:30AM
Nano Dimension Ltd., a leading additive electronics provider
(Nasdaq, TASE: NNDM), today announced it has sold an additional
DragonFly system to a branch of the United States Armed Forces. In
recent weeks, Nano Dimension has sold four additive manufacturing
systems to U.S. defense customers.
Sending confidential intellectual property to an
external supplier is a major security concern for defense industry
companies. The multi-material DragonFly precision additive
manufacturing system allows electronics designers and electrical
engineers to 3D print conductive metal and dielectric polymer
simultaneously, and in-house, to meet stringent security
requirements.
Nano Dimension, a certified U.S. Department of
Defense vendor with a CAGE code, helps defense companies lessen the
risk of IP theft and effectively streamline productivity by
bringing additive manufacturing in-house. This can significantly
keep costs down while increasing the speed of R&D and reducing
lead times. Further, due to the platform’s manufacturing
flexibility, and round the clock 3D printing capability,
productivity can be enhanced.
“Maintaining data security is critical for
companies in any industry, and especially for companies in the
defense industry that design and manufacture unique electronics for
mission-critical systems,” said Amit Dror, CEO of Nano Dimension.
“Rather than sending their board designs off to an external company
for fabrication, using additive manufacturing of electronics allows
them to keep design and manufacturing capabilities under one
roof.”
Nano Dimension’s DragonFly system is built to
print multilayer fully functional complex circuitry, including high
frequency RF applications, capacitors, antennas and sensors that
can fit more features than standard circuits. This enables
companies to consolidate electronic components, reduce their size
and weight, simplify multi-piece assemblies and overall, enhance
innovation capabilities, product customization and
reliability. About Nano
Dimension
Nano Dimension (Nasdaq, TASE: NNDM) is a leading
electronics provider that is disrupting, reshaping, and defining
the future of how cognitive connected products are made. With its
unique 3D printing technologies, Nano Dimension is targeting the
growing demand for electronic devices that require increasingly
sophisticated features. Demand for circuitry, including PCBs -
which are the heart of every electronic device - covers a diverse
range of industries, including consumer electronics, medical
devices, defense, aerospace, automotive, IoT and telecom. These
sectors can all benefit greatly from Nano Dimension’s products and
services for rapid prototyping and short-run manufacturing. 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 and use of its products. 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 14, 2019, 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
NANO DIMENSION PR
CONTACT
Galit Beck, Public Relations Manager |
+972-542539495 | galit@nano-di.com
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