Nano Dimension Announces Chairman & CEO has Invested Approximately $500,000 to Purchase its Shares in the Open Market
December 14 2021 - 09:15AM
Nano Dimension Ltd. (Nasdaq: NNDM), (“Nano Dimension” or the
“Company”), an industry-leader in
Additively
Manufactured
Electronics
(
AME)/3D-
Printed
Electronics (
PE), and
Micro
Additive
Manufacturing
(
Micro-
AM), announced today that
on Decemebr 13th, 2021, Yoav Stern, the Company’s Chairman and
Chief Executive Officer, bought shares of Nano Dimension in the
open market, for an approximate amount of $500,000.
Mr. Stern commented, “Increasing my invstment in
Nano Dimension stock was led by my conviction and belief in the
vision, strategy, and future of this company. In addition, I
have a responsibility to create an upside for myself and my family
and I strongly feel that this is the safest way to do so.”
Mr. Stern added, “Recent events are encouraging.
We have announced our new DragonFly IV system, combined with a
breakthrough FLIGHT software, at the Productronica Show in
November, 2021. Since that launch, we have already sold two
DragonFly IV printers to a leading government defence supplier and
European government agency, in addition to completing two beta
sites with other leading customers.
In addition, we are in an active integration
process of our Novemeber 2021 acquisition of ESSEMTEC AG, which
lays the groundwork for a breakthrough in microchip placement as
part of Nano Dimension’s AME solution. The ESSEMTEC merger
together with two April 2021 strategic acquisitions of NanoFabrica
and Deep Cube interlaces with our long-term vision to establish
“Industry 4.0 solutions”. Those entail building a distributed
digital Addititve Manufacturing applications led by Deep
Learning/Machine Learning software, rather than just selling
machines as capital equipment.”
About Nano Dimension
Nano Dimension’s (Nasdaq: NNDM) vision is to
transform the electronics and similar additive
manufacturing sectors through the development and delivery
of environmentally friendly and economically efficient additive
manufacturing, Industry 4.0 solution, while enabling a
one-production-step-conversion of digital designs
into functioning devices - on-demand, anytime,
anywhere.
Nano Dimension plans to execute on this vision by building an
eco-friendly and intelligent distributed network of additively
manufacturing self-learning & self-improving systems, which are
designed to deliver a superior ROI to their owners as well as to
Nano Dimension shareholders and stakeholders.
The DragonFly IV® system serves
cross-industry High-Performance
Electronic
Devices
(Hi-PEDs®) fabrication needs, by
depositing proprietary conductive and dielectric materials
simultaneously, while concurrently integrating in-situ capacitors,
antennas, coils, transformers, and electromechanical components.
The outcomes are Hi-PEDs® which
are integral enablers of autonomous intelligent drones, cars,
satellites, smartphones, and in vivo medical devices. These
products enable iterative development, IP safety, fast
time-to-market, and device performance gains. With DragonFly IV®, a
revolution happens at the click of a button, allowing customers to
go from CAD to a functional device in a matter of hours instead of
weeks; creating products with better performance; reducing the size
and weight of electronic parts and devices; enabling innovation;
and, critically important, protecting IP, all the while limiting
environmental pollution and chemical waste.
Nano Dimension’s Fabrica 2.0
micro additive manufacturing system enables the production of
microparts based on a Digital Light Processor (DLP) engine that
achieves repeatable micron levels resolution. The Fabrica 2.0 is
engineered with a patented array of sensors that allows a closed
feedback loop, using proprietary materials to achieve very high
accuracy while remaining a cost-effective mass manufacturing
solution. It is used in the areas of micron-level resolution of
medical devices, micro-optics, semi-conductors, micro-electronics,
micro-electro-mechanical systems (MEMS), microfluidics, and life
sciences instruments. For more information, please visit
www.nano-di.com.
In November 2021, Nano Dimension announced the
acquisition of Essemtec AG, located in Lucerne
Canton, Switzerland. Essemtec develops production equipment for
electronic assembly. The company’s core business is in adaptive,
highly flexible SMT pick-and-place equipment, materials dispenser
suitable for both high-speed dispensing and microdispensing as well
as an intelligent production material storage and logistics system.
Read more at:
https://investors.nano-di.com/press-releases/news-details/2021/Nano-Dimension-Acquires-Essemtec-AG-Surface-Mount-Pick--Place-Systems-Supplier-for-the-PCB-and-OEM-Industries/default.aspx
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 safety of an investment in Nano Dimension, the potential
contributions from recent developments and the ability to establish
Industry 4.0 solutions. 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.
NANO DIMENSION INVESTOR RELATIONS CONTACTYael
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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