Nano Dimension Ltd. (Nasdaq: NNDM, “Nano Dimension” or the
“Company”), an industry leader
in Additively Manufactured Electronics
(AME) and Micro Additive Manufacturing
(Micro-AM), today announced the appointment of Saul Simon to the
Board of Directors of the Company, effective immediately.
Mr. Simon has decades of experience building
industry-leading automation platforms in the fields of man-machine
interface, software development tools, natural language processing,
data science and user-oriented AI systems. He is an expert on
identifying situations where technology innovation provides a
potential breakthrough in business performance, working intimately
with research and development (R&D) ensuring the product is
spot on and timely delivered.
While working for Signals Analytics Ltd. in
2013-2019, a customized big data analysis automated research
provider, Mr. Simon conceived a fully automated “production line”
platform and worked closely with R&D to build it. This AI-based
platform removed over 95% of the manual effort, handled an order of
magnitude more data, and delivered remarkably more accurate
results. Signals Analytics was acquired by Kenshoo in 2020.
In addition, while at Pontis Ltd. in 2009-2013,
which provided a powerful promotion engine to telecom companies
worldwide, Mr. Simon implemented a fully automated, closed-loop
target marketing solution that removed 95% of the labor with
striking targeting precision.
Pontis was acquired by Amdocs Limited.
While working for Retalix Ltd. in 1998-2009, Mr.
Simon invented a groundbreaking Loyalty and Promotion platform. As
the best-selling product in its space for several years, it was
also selected by Gartner as the number 1 product in its category
for 3 years in succession.
Retalix was acquired by NCR Corporation.
Mr. Simon is a Major (Ret.) and served in the
air force as a Phantom F-4 and F-15 fighter pilot.
He is a graduate with distinction of the Israeli
Air Force Academy and received a Bachelor of Science degree in
Mathematics and Computer Science from Tel Aviv University.
Mr. Yoav Stern, Nano Dimension’s Chairman and
Chief Executive Officer, commented, “Saul’s background in
deep-learning and artificial intelligence, combined with a unique
capability to identify and develop the path from technologies
through products to business models, will have a significant
contribution to our board’s ability to lead and monitor the
Company’s efforts in these fields. We are looking forward to
an exciting cooperation.”
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. Because such statements deal with
future events and are based on Nano Dimension’s current
expectations, they are subject to various risks and uncertainties,
and actual results, performance or achievements of Nano Dimension
could differ materially from those described in or implied by the
statements in this press release. For example, Nano Dimension is
using forward-looking statements when it discusses Mr. Simon’s
contributions to the Company’s board of directors. 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 CONTACT
Yael Sandler, CFO
| ir@nano-di.com
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