Nano Dimension Announces Breakthrough in Materials Critical for Additively Manufactured Electronics
November 14 2023 - 8:30AM
Nano Dimension Ltd. (Nasdaq: NNDM) (“Nano Dimension”, “Nano”, or
the “Company”), a leading supplier of Additively Manufactured
Electronics (“AME”) and multi-dimensional polymer, metal &
ceramic Additive Manufacturing (“AM”) 3D printing
solutions, today announced a breakthrough in the
development of a material that is a critical enabler for the
advancement of additively manufactured electronics (AME).
Materials, which are commonly known as consumables, are an
important factor in the success of additive manufacturing at
industrial scale. The functionality of the materials and their
acceptance according to industry standards are both critical. Nano
Dimension’s launch of INSU200, a dielectric ink boasting
industry-leading thermo-mechanical properties, addresses both with
increased functionality and greater alignment with industry
standards, even going so far as to set new standards. In terms of
functionality, the new material can withstand the rigorous demands
of Restriction of Hazardous Substances (“ROHS”) compliant reflow
soldering processes. With regards to industry standards, the new
material aligns with a number of reliability standards set by IPC,
the leading global association for the electronics industry, and
the FED (Fachverband Elektronik-Design e.V.) in Europe.
Nano Dimension’s materials breakthrough is the result of a
concerted effort by the Company, which has made materials science
and development a core focus of its resource allocation strategy.
This is evident in the approximate forty scientists and engineers
working at the Company working across materials dedicated research
facilities and labs in Germany and Israel.
Customers and industry stakeholders will have the opportunity to
see this material first-hand at the Productronica Conference in
Munich, Germany on November 14-17. INSU200 will be available for
customers in Q1 of 2024.
Yoav Stern, Chief Executive Officer and a member of the Board of
Directors of Nano Dimension, added: “We are proud to share this
breakthrough in materials with our customers and the industry. When
we set out a strategic plan in 2021, materials development was a
core focus for our R&D team. The reality of additive
manufacturing is that no matter how good the printer may be,
materials must also be leading. This development achieves just that
with improved functionality and critical industry standard
adherence without which wider adoption would be greatly
limited.”
About Nano Dimension
Nano Dimension’s (Nasdaq: NNDM) vision is to transform existing
electronics and mechanical manufacturing into Industry 4.0
environmentally friendly & economically efficient precision
additive electronics and manufacturing – by delivering solutions
that convert digital designs to electronic or mechanical devices -
on demand, anytime, anywhere.
Nano Dimension’s strategy is driven by the application of
deep learning based AI to drive improvements in
manufacturing capabilities by using self-learning &
self-improving systems, along with the management of a distributed
manufacturing network via the cloud.
Nano Dimension has served over 2,000 customers across vertical
target markets such as aerospace & defense, advanced
automotive, high-tech industrial, specialty medical technology,
R&D and academia. The company designs and
makes Additive Electronics and Additive Manufacturing 3D
printing machines and consumable materials. Additive Electronics
are manufacturing machines that enable the design and development
of High-Performance-Electronic-Devices (Hi-PED®s). Additive
Manufacturing includes manufacturing solutions for production
of metal, ceramic, and specialty polymers
based applications - from millimeters to several centimeters
in size with micron precision.
Through the integration of its portfolio of products, Nano
Dimension is offering the advantages of rapid prototyping,
high-mix-low-volume production, IP security, minimal environmental
footprint, and design-for-manufacturing capabilities, which is all
unleashed with the limitless possibilities of additive
manufacturing.
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 the potential disadvantages and downsides
of the proposed merger with Desktop Metal. Because such statements
deal with future events and are based on Nano Dimension’s current
expectations, they are subject to various risks and uncertainties.
The execution of a definitive merger agreement between Nano
Dimension and Stratasys would be subject to approval by each
company’s Board of Directors and completion of the transaction
would be subject to customary closing conditions, receipt of
required regulatory approvals and approval of Stratasys
shareholders. 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 30, 2023, 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
Investor Relations | ir@nano-di.com
Nano Dimension (NASDAQ:NNDM)
Historical Stock Chart
From Sep 2024 to Oct 2024
Nano Dimension (NASDAQ:NNDM)
Historical Stock Chart
From Oct 2023 to Oct 2024