Nano Dimension Ltd. (
Nasdaq: NNDM, “Nano
Dimension” or the “Company”), a leading supplier of
Additively
Manufactured
Electronics (“AME”) and multi-dimensional polymer,
metal & ceramic
Additive
Manufacturing (“AM”) 3D printers, announced today
that it received a purchase order for its newest AME system, the
DragonFly® IV, from the Fraunhofer-Gesellschaft, a leading German
research institution.
The sale is the result of a strategic
relationship between Nano Dimension and the Fraunhofer Research
Institution for Individualized and Cell-Based Medical Engineering
(“Fraunhofer IMTE”) (www.imte.fraunhofer.de), which is one of the
many groups in Fraunhofer-Gesellschaft. This sale will send the
Company’s most advanced AME system to the Fraunhofer IMTE, which
intends to use it for research and development projects in the
field of medical electronics and instrumentation.
The Fraunhofer-Gesellschaft, based in Germany,
is the world’s leading applied research organization. Prioritizing
key future-relevant technologies and commercializing its findings
for business and industry, it plays a major role in the innovation
process. Founded in 1949, the Fraunhofer-Gesellschaft currently
operates 76 institutes and research units throughout Germany.
Over 30,000 employees, predominantly scientists and engineers, work
with an annual research budget of €2.9 billion (approximately
$3.1 billion).
The DragonFly® IV system is the ideal technology
for Fraunhofer IMTE use cases. It enables specialty applications
for High-Performance-Electronic-Devices (Hi-PEDs®) by
simultaneously depositing proprietary conductive and dielectric
substances, while integrating in-situ capacitors, antennas, coils,
transformers, and electromechanical components. Such Hi-PEDs® are
critical enablers for a range of applications, including 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.
Professor Matthias Gräser, Department Head
Diagnostics at Fraunhofer IMTE, shared, “We are pleased to work
with Nano Dimension, given how their 3D printer for electronics,
the DragonFly® IV, will enable us to design and manufacture
electrical components that will complete our platform for Medical
3D-Printing and drive our research and development work forward.
With a system such as Nano Dimension’s we can overcome design
limitations and optimize development processes in terms of time and
costs.”
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 serves 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
Fraunhofer IMTE’s intended use of DragonFly® IV system, benefits
and advantages of DragonFly® IV system for Fraunhofer IMTE use
cases, that the DragonFly® IV will enable Fraunhofer IMTE to design
and manufacture electrical components that will complete its
platform for Medical 3D-Printing and drive its research and
development work forward and can overcome design limitations and
optimize development processes in terms of time and costs. 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
Investor Relations | ir@nano-di.com
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