Nano Dimension Ltd. (Nasdaq:
NNDM, “Nano
Dimension” or the “Company”), an industry leader in
Additively
Manufactured
Electronics (“
AME”) and
specialized
Additive
Manufacturing (“
AM”), announced
today that it owns 12.12% of the outstanding ordinary shares of
Stratasys Ltd. (Nasdaq: SSYS).
With $521 million and $607 million of revenue in
2020 and 2021, respectively, Stratasys is a leader in the global
shift to AM through smart and connected 3D printers, polymer
materials, a software ecosystem and parts on demand. Stratasys
serves customers worldwide by transforming product design, bringing
agility to manufacturing and supply chains, and improving patient
care.1
Yoav Stern, Chairman and Chief Executive Officer
of Nano Dimension, commented: “The purpose of Nano Dimension in
buying Stratasys shares is the formation of a strategic investment
in a market-leader which is well established in a relatively
seasoned market segment, while Nano Dimension’s disruptive
technologies in AME and 3D metal printing supply its shareholders
with value created by accelerated growth and expansion curves.
Hence, an investor in Nano Dimension will gain from its value
creation in “blue ocean” type AM sectors plus having strategic
upside from investment in Stratasys, which enjoys a commanding
presence in large, stable more mature, mostly polymer-based AM
technologies. In contrast, Nano Dimension’s material development
thrusts and business model strategy are centered around metals with
electro-mechanical conductive parameters, metals with superior
mechanical qualities, dielectric material, and printing of
multi-dimensional-electronic devices and mechanical parts.
“Incidentally,” Mr. Stern concluded, “We may
increase or decrease our investment in Stratasys, subject to market
conditions and other economic factors, while keeping it under the
framework and envelop which will evolve from the description
above.”
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-PED®s) 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 is all
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.
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 the benefit to
the shareholders of Nano Dimension from the investment in Stratasys
and the potential for Nano Dimension to increase or decrease its
investment in Stratasys. 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 31st, 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.comJulien
Lederman, Director of Corporate Development | ir@nano-di.com
1 |
Source: Stratasys press releases
and public disclosures. |
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