Nano Dimension Announces Major Enhancement to its Additive Electronics Robotics Systems from Essemtec
Nano Dimension has announced a significant enhancement to its Additive Electronics product line, specifically from its Essemtec Product Group. This new jet-on-the-fly capability increases dispensing speed by up to 3x, achieving approximately 180,000 dots per hour and up to 400,000 DPH for specific packages like BGA. The development promises to enhance efficiency, accuracy, and reliability in manufacturing, which is expected to improve unit economics and adoption rates of the company's systems. This advanced capability will be available to existing customers, aiming to meet the rising demand for faster dispensing speeds.
Olivier Carnal, General Manager of Nano Dimension’s Essemtec Product Group, highlighted the immediate performance improvements for both existing and new customers. CEO Yoav Stern emphasized that this advancement demonstrates the company's push towards expanding its footprint in the electronics manufacturing market.
- Dispensing speed increased by up to 3x.
- Achieves approximately 180,000 dots per hour, with specific packages reaching up to 400,000 DPH.
- Enhances unit economics, potentially boosting system adoption rates.
- Improves accuracy, repeatability, and reliability in manufacturing.
- Technology available to existing customers, ensuring seamless integration.
- No specific mention of cost implications for customers adopting the new technology.
- Potential for increased competition as other companies may develop similar capabilities.
Insights
The introduction of the jet-on-the-fly capability marks a significant advance in the field of additive electronics manufacturing. This technology enhances the dispensing speed of solder paste dots by up to 3x, which is substantial for manufacturing processes requiring high precision and efficiency. The ability to dispense at a rate of 180,000 dots per hour per board and up to 400,000 DPH for specific packages like BGA, represents a leap in throughput. This improvement directly translates to better unit economics, reducing the time and cost associated with electronics manufacturing.
The ability to dispense within tight spaces, such as cavities, with high accuracy and repeatability is a technical breakthrough that addresses a common challenge in modern electronics manufacturing. As the demand for miniaturized and high-performance electronic devices grows, this capability can position Nano Dimension favorably in the market, potentially leading to increased adoption of its systems.
From a financial perspective, this technological enhancement can drive revenue growth for Nano Dimension by attracting new customers and increasing sales to existing ones. Improved unit economics means manufacturers can produce at lower costs, which may incentivize them to invest in Nano Dimension's solutions. If the technology delivers on its promises, we could see a positive impact on the company's financials, particularly in terms of revenue growth and potentially profit margins.
Moreover, the timing of this announcement is strategic as it comes at a time when industries are increasingly looking for efficient and cost-effective manufacturing solutions. This enhancement could lead to a stronger market position and improved investor sentiment, positively impacting the stock price. Retail investors should watch for upcoming quarterly reports to see how these technological advancements translate into financial performance.
New Technology from its Additive Electronics Product Line Increases Dispensing Speed by Up to 3x with Jet-on-the-fly Capability
Development to Accelerate Additively Manufactured Electronics (“AME”)
Waltham, Mass., May 30, 2024 (GLOBE NEWSWIRE) -- Nano Dimension Ltd. (Nasdaq: NNDM) (“Nano Dimension” or the “Company”), a leading supplier of Additively Manufactured Electronics (“AME”) and multi-dimensional polymer, metal and ceramic Additive Manufacturing (“AM”) 3D printing solutions, today announced a major enhancement to its Additive Electronics (“AE”) offering from its Essemtec product group (“Essemtec Product Group”) that has introduced a new jet-on-the-fly capability, significantly enhancing the speed of additive electronics dispensing by up to 3x, marking a major advancement in AME.
The breakthrough comes from Nano Dimension’s Essemtec Product Group, which develops robotics systems critical for highly specialized and variable electronics manufacturing requirements. The jet-on-the-fly capability enables the precise dispensing of solder paste dots ranging from 250µm to larger sizes, even within tight spaces such as cavities. This ensures exceptional accuracy, repeatability, and reliability throughout the manufacturing process. This enhancement revolutionizes additive electronics manufacturing by significantly boosting efficiency and speed with an average expected speed of approximately 180,000 dots per hour (“DPH”) per board, and specific packages like BGA reaching up to 400,000 DPH. This process is expected to improve the unit economics and therefore the adoption of the Company’s systems.
Nano Dimension is poised to leverage this advanced capability to expand its footprint in the AE market, addressing the increasing demand from manufacturers for faster dispensing speeds in production settings. Notably, this enhancement will be available to existing customers, ensuring they can seamlessly integrate and benefit from this cutting-edge technology.
Olivier Carnal, General Manager of Nano Dimension’s Essemtec Product Group, expressed his excitement: “We are thrilled to introduce this groundbreaking jet-on-the-fly technology, which promises immediate performance improvements for both existing and new customers. This advancement signifies a remarkable leap forward in the industry, driving substantial change and empowering manufacturers with enhanced capabilities.”
Yoav Stern, Chief Executive Officer and a member of the Board of Directors of Nano Dimension, added: “Our development in our AE product with jet-on-the-fly technology is a crucial demonstration of how Nano Dimension is pushing the limits of electronics manufacturing. In increasing speed up to 3x, our systems will provide better unit economics, which in turn will open up more opportunities for our systems to be used in advanced manufacturing of electronics.”
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 and 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 benefits of its products; that its product enhancement revolutionizes AME by significantly boosting efficiency and speed; that its jet-on-the-fly capability process will improve the unit economics and the adoption of its systems; its plan and ability to leverage this advanced capability to expand its footprint in the AME market and address the increasing demand from manufacturers for faster dispensing speeds in production settings; that the enhancement will be available to existing customers and ensure they can seamlessly integrate and benefit from Nano’s cutting-edge technology; and its belief that its jet-on-the-fly technology signifies a remarkable leap forward in the industry, driving substantial change and empowering manufacturers with enhanced capabilities. 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 21, 2024, 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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