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
opening of its new US headquarters in Waltham, a community in the
Boston metropolitan area.
As part of its business plan, the Company is
relocating its US Headquarters to the greater Boston, MA
area. Nano Dimension will now work in closer vicinity
to academic and research institutions which are key early adopters
of its ground-breaking solutions for AME, PE, and Micro-AM. Nano
Dimension’s new facility is near the Massachusetts Institute of
Technology (MIT), Harvard, and Boston University, among many other
private and public universities and research-and-development
labs.
“We are excited to strengthen our presence in
the nation’s academic research and technological innovation
center,” stated Sean Patterson, President of Nano Dimension USA,
and Chief Revenue Officer. “Our multi-year growth initiative is
dependent on being near the institutions and consortia that are
already – or will soon become – our customers.”
Nano Dimension is committed to a technology
roadmap that advances a new production model for electronic and
other 3D printed devices through additive manufacturing,
deep-learning artificial intelligence (AI), advanced materials, and
integrated surface mount technology (SMT). This new model aligns
with our product plans for Industry 4.0 initiatives and enables
intelligent, self-improving processes and automation that are far
more secure and environmentally friendly than traditional
industrial technologies.
The office relocation also broadens the
high-tech talent pool available to the Company. “Even beyond the
four strategic acquisitions completed in the past year, we are
expecting tremendous growth in our customer base and our staff
moving forward,” added Mr. Patterson. “It is important for us to
take part in the Massachusetts area's thriving professional and
research ecosystem.”
Nano Dimension has already brought on two
industry insiders to help navigate the new landscape of academia
and technology innovators. Gene Howard Weiner, a legendary veteran
of the printed circuit board (PCB) marketplace for decades, has
been retained as a consultant through his Massachusetts firm Weiner
International Associates. In addition, Dana Korf, Principal
Consultant at Korf Consultancy, has signed on as Nano Dimension’s
new AME Standards Manager.
“These are two figures of immense technical
knowledge and vast experience within the business of software,
OEMs, and electronics manufacturing,” commented Mr. Patterson.
“Their professional networks will allow us to take full advantage
of emerging opportunities.”
The new headquarters will house expanded sales
operations, customer support and fabrication facilities that will
be used for customer open houses and continued support for the AME
Academy® events and local
organizations.
Current and prospective customers are welcome to
come and visit the new office by appointment, and the Company will
be hosting an official open house this summer. Details related to
the event will be announced in the coming weeks.
Nano Dimension retains its presence in Sunrise,
Florida, as a marketing, sales support, NaNoS®
printing services and logistics center.
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
that the advantages of the strategic location of the new office,
including greater access to talent and customers, as well as
strategic growth, and opportunities that may result from bringing
on industry insiders. 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 31, 2022,
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
US Investor Relations:Dave GentryRedChip
Companies Inc.Dave@redchip.com407-491-4498 or 1-800-RED-CHIP
(733-2447)
NANO DIMENSION MEDIA RELATIONS CONTACTGreg
Caldwell, VP Global Marketing | pr@nano-di.com
Nano Dimension (NASDAQ:NNDM)
Historical Stock Chart
From Mar 2024 to Apr 2024
Nano Dimension (NASDAQ:NNDM)
Historical Stock Chart
From Apr 2023 to Apr 2024