Nano Dimension Ltd. (“Nano Dimension” or the “Company”) (Nasdaq:
NNDM), an industry-leader in
Additively
Manufactured
Electronics (
AME),
Printed
Electronics
(
PE), and
Micro
Additive
Manufacturing
(
Micro-
AM), announced today the appointment of Mr.
Igal Rotem to the Board of Directors of the Company (the “Board”),
effective immediately. Mr. Rotem will replace Dr. Eli David, who
resigned from the Board, but will continue to serve as the Chief
Technology Officer of the Company, leading the Company’s Artificial
Intelligence, Deep Learning and Machine Learning technologies.
Since 2010, Mr. Rotem has served as the Chairman
and later as the Chief Executive Officer of Finaro Bank (formerly
known as Credorax), a principal member of Visa and MasterCard
Europe, and a licensed bank. Finaro offers a unified digital
automated and interactive Acquiring and Payment Processing solution
to E-commerce and M-commerce merchants and Payment Service
Providers (PSPs). Over the past few years, as a CEO, Mr. Rotem has
led the company to profitability and steady growth of 40%
year-over-year, making Finaro one of the fastest-growing members of
Visa and MasterCard in the world.
Mr. Rotem is also the former Founder and Chief
Executive Officer of PowerDsine, which invented and sold Power over
Ethernet (PoE) technology chipsets and solutions. Mr. Rotem
increased PowerDsine’s international customer base, including HP
Inc., 3Com Corporation, CISCO Systems (Nasdaq: CSCO), and others.
He then initiated and executed the initial public offering of
PowerDsine on Nasdaq and the acquisition of PowerDsine three years
later by Microsemi Corporation (Nasdaq: MSCC).
Mr. Rotem was also the General Manager of
Butterfly Communication, which was the leader in developing
short-distance wireless communication which later became known as
Bluetooth technology. The company was one of the world’s pioneers
in providing Bluetooth semiconductors solutions to early
market adopters and was acquired by Texas Instruments
(Nasdaq:TXN).
Mr. Rotem has an MBA in Technology Management,
Industrial Management Marketing and Finance from Tel Aviv
University, and a B.Sc. in Electrical Engineering from Tel Aviv
University. He was awarded the Ernst & Young 2004 Entrepreneur
of the Year.
Mr. Yoav Stern, Nano Dimension’s Chairman and
Chief Executive Officer, commented, “Igal is a unique entrepreneur
with a multi-disciplinary background, spanning from advanced
electronics technologies to fintec and transactional software and
hardware. He is a highly experienced executive and serial
entrepreneur with extensive business development, sales management,
and strategic business planning skills. He successfully spearheaded
companies through entire lifecycle stages: start-up, accelerated
growth, turnaround, initial public offering
on Nasdaq, joint venture, and M&A. Igal is who we need to
enhance Nano Dimension’s Board knowledge and support for our unique
development pattern. I am convinced that Igal will add substantial
value to our board and our management.”
Mr. Stern added, “We thank Dr. Eli David for his
tenure on our Board. Eli is continuing with his important work in
the Company, leading the highly intensive projects of implementing
Artificial Intelligence, Deep Learning and Machine Learning
technologies into our various 3D-Printing Systems to improve yield
and throughput as we advance toward machines for manufacturing of
3D parts.”
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 an 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.
The DragonFly IV® system and
specialized materials serve
cross-industry High-Performance-Electronic-Devices (Hi-PEDs®) fabrication
needs by simultaneously depositing proprietary conductive and
dielectric substances, while integrating in-situ capacitors,
antennas, coils, transformers, and electromechanical components.
The outcomes are Hi-PEDs® which are critical
enablers of autonomous intelligent drones, cars, satellites,
smartphones, and in vivo medical devices. In addition, these
products enable iterative development, IP safety, fast
time-to-market, and device performance gains.
Nano Dimension also develops complementary
production equipment for Hi-PEDs® and printed
circuit board (PCB) assembly (Puma, Fox, Tarantula,
Spider etc.). The core competitive edge for this
technology is in its adaptive, highly flexible surface-mount
technology (SMT) pick-and-place equipment, materials dispenser
suitable for both high-speed dispensing and micro-dispensing, as
well as an intelligent production material storage and logistics
system.
Additionally, Nano Dimension is a leading
developer and supplier of high-performance control electronics,
software, and ink delivery system. It invents and delivers
state-of-the-art 2D and 3D printing hardware and unique operating
software. It focuses on high-value, precision-oriented
applications such as specialized direct-to-container packaging,
printed electronics functional fluids, and 3D printing, which can
all be controlled by the proprietary software system
- Atlas.
Serving similar users of Hi-PEDs®, 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,
semiconductors, micro-electronics, micro-electro-mechanical systems
(MEMS), microfluidics, and life sciences instruments.
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
Mr. Rotem’s expected contributions to the Company. 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
CONTACT
Yael 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)
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