Nano Dimension Receives a Purchase Order from Another U.S. Government Defense Supplier
Nano Dimension (Nasdaq: NNDM) announced a purchase order for its DragonFly IV® AME 3D printer from a supplier to the U.S. government defense industry. This order highlights the printer's role in advancing innovation in the defense sector, particularly for high-performance electronic devices (Hi-PEDs®). The DragonFly IV® supports the development of critical applications, including drones and medical devices. The CEO emphasized the company's commitment to supporting national defense missions. Nano Dimension serves over 2,000 customers across diverse markets.
- Secured a purchase order from a supplier to the U.S. government defense industry.
- DragonFly IV® recognized as essential for advancing defense-related innovation.
- Supports development of critical applications like drones, satellites, and medical devices.
- None.
Joining a Wide Array of Aerospace & Defense Customers
Waltham, Mass., Feb. 01, 2023 (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 & ceramic Additive Manufacturing (“AM”) 3D printers, announced today that it has received a purchase order from a supplier to the U.S. government defense industry, for a DragonFly IV®, the leading Additive Manufacturing Electronics (AME) 3D-printer.
The customer is a supplier to the U.S. government defense community, in particular the intelligence ecosystem, enabling innovation for the next generation battlespace. It leverages solutions designed to support the rapidly evolving technological environment. This customer, like many others, sees the DragonFly IV® as a critical means to advance innovation in a way that other technologies of electronics manufacturing cannot achieve.
The DragonFly IV® system and specialized materials serve cross-industry High-Performance-Electronic-Devices (Hi-PEDs®) 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.
Yoav Stern, Chairman and Chief Executive Officer of Nano Dimension, stated: “Many of us, almost all of Nano Dimension’s management and a majority of our employees, have had prolonged and intense periods of our lives serving our countries in the defense forces, be it Air Force, Special Forces, Government Intelligence Agencies and others. As such, we are proud to be able to supply a unique group like this customer with technologies that will help fulfil national missions while hopefully reducing risks and saving people’s lives. It is an honor for us to be a business partner of such people, missions, and efforts.”
About Nano Dimension
Nano Dimension’s (Nasdaq: NNDM) vision is to disrupt electronics and mechanical manufacturing with an environmentally friendly & economically efficient electronics and precision additive manufacturing Industry 4.0 solution - transforming digital designs into functioning electronic and 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 its technologies that will help fulfil national missions while hopefully reducing risks and saving people’s lives and advantages, as well as the benefits of the DragonFly IV® system. 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
ir@nano-di.com
Julien D. Lederman, Head of Corporate Development, julien.l@nano-di.com
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