Nano Dimension Ltd. (Nasdaq: NNDM, “Nano Dimension” or the
“Company”), a leading supplier of
Additively Manufactured Electronics
(“AME”) and multi-dimensional metal & ceramic
Additive Manufacturing (“AM”) 3D printers, announced today
that Dale Baker will join the Company as President of Nano
Dimension – Americas, where he will head the expansion of Nano
Dimension’s U.S. operations as well as lead worldwide sales
activity and execute on the Company’s current organic and mergers
and acquisitions (M&A) growth strategy. Mr. Baker will
report to Zivi Nedivi, Global President of Nano Dimension. Mr.
Baker is replacing Sean Patterson, who is leaving to take a
position as a COO of a printed circuit board manufacturer.
Prior to joining Nano Dimension, Mr. Baker
worked at General Electric & Trading Co. LLC (“GE”) and in GE’s
Electrical Distribution and Control business. He eventually joined
GE Capital, rising to the role of Senior Vice President and Manager
of the New York office for Corporate Finance, responsible for
investing in M&A transactions for the U.S. based manufacturing
businesses. Mr. Baker also has served as the CEO or President
of seven companies, two of which were early stage and achieved high
growth with annual revenues reaching more than $350 million each.
During his career, he has been involved in the acquisition and
subsequent integration of over twenty-five companies.
Mr. Baker graduated from Virginia Tech with a
Bachelor of Science in Mechanical Engineering and from Duke
University with a Master’s in Business Administration.
“I am excited by the opportunity to impact the
Additive Manufacturing and electronic manufacturing industries,
leading Nano Dimension to revolutionize Industry 4.0 by digitizing
supply chain activities and converting manufacturing into a neural
network of edge-devices – enabling customers to manufacture, print,
inject – when and where needed,” commented Mr. Baker. “I am not
only excited about the opportunity, but also by the actions they
have already taken, the foundation they have built, and the vision
which we shall make a reality.”
Zivi Nedivi, President of Nano Dimension, added,
“I wish Sean good luck and much success. In parallel, I am very
excited that Dale has agreed to leave his previous CEO role and is
now joining Nano Dimension. Yoav Stern, Nano Dimension’s CEO, and I
have been doing business with Dale for more than 20 years.
Only a few years ago, Dale was working with me as Chief Operating
Officer, successfully turning around a U.S. public
specialty chemical company. Through his extensive career at GE and
later as a CEO of numerous large public and private companies, Dale
has always been a leader at every point in his career. I am
convinced that he will be a substantial quality enhancer and will
be a major driving force in our growth.”
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. For example, Nano Dimension is using
forward-looking statements in this press release when it discusses
its vision and its ability to transform its business and industry,
as well as Mr. Baker’s expected contributions to its success.
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 CONTACT
Yael Sandler, CFO
| ir@nano-di.com
NANO DIMENSION MEDIA RELATIONS CONTACTJulien Lederman,
Head of Corporate Development | pr@nano-di.com
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