Nano Dimension Receives Another Purchase Order for DragonFly IV® system from a Western Intelligence Agency

Rhea-AI Summary

Nano Dimension (Nasdaq: NNDM) announced a new purchase order from a leading Western intelligence agency for its DragonFly IV® 3D printer. This order signifies the growing reliance of defense and intelligence sectors on advanced Additive Manufacturing Electronics (AME) technologies. The DragonFly IV® enables the production of high-performance electronic devices, crucial for applications like drones and satellites. The CEO emphasized the significance of the client purchasing a second machine, showcasing the effectiveness of their technology and its potential to impact commercial markets significantly.

Positive

• Secured an order from a leading Western intelligence agency for the DragonFly IV® system.
• The client is investing in a second machine, indicating satisfaction with the initial purchase.
• The DragonFly IV® system supports production of critical high-performance electronic devices.

Negative

• None.

Over 10 Defense and Intelligence Agencies Served by the Company

Waltham, Mass., March 07, 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 leading Western intelligence agency, for a DragonFly IV^® system, the leading Additive Manufacturing Electronics (AME) 3D-printer.

For reasons of national security, Nano Dimension cannot reveal the name of the country where the intelligence agency is situated, but this is clearly a continuation of the Company’s success in providing leading technology to those who need it most. This intelligence agency, and others like it, which include national armies, navies, air forces, and governmental secret services, rely on the DragonFly IV^® to advance innovation in a way that other manufacturing 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. 

"I am very excited that another Western Intelligence Agency is investing in the design and production of 3D electronics, to shorten its development cycles and bring to life innovative ideas which could not have been done before,” commented Amit Dror, co-Founder and Chief Customer Success Officer of Nano Dimension.

Mr. Yoav Stern, Chairman and Chief Executive Officer of Nano Dimension, added: “Very importantly, this customer is buying the second machine of the Company, while the first one was Fabrica 2.0 machine. This is a beautiful manifestation of our claims that the synergies of all our acquisitions work together and efficienize our go-to-market performance. 3D printing technologies and materials are irreplaceable, and essential, both for electronics and micro-mechanical parts. Intelligence agencies are leading the forefront of technological innovation applied for high-performance applications, similar to aerospace, advanced medical fields, academy and corporate research departments. We are proud to be chosen as the supplier of such a unique organization. After many years of experience with advanced technologies in the Air Force, I know that leading edge products, which are adopted initially by defense forces, traditionally end up creating very large size commercial markets as well.”

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-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. 

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.  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 can all be controlled by the proprietary software system - Atlas.

Serving similar users of Hi-PEDs^®, Nano Dimension’s AM products include 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. In addition, Nano’s Admatec Division supplies printing from Powder to Part by powder-based shaping & sintering technologies, from design to serial production of Powder Metallurgical & Ceramic parts or devices. The Admaflex 130 and 300 3D printing machines for ceramics and metals are modular DLP printing systems on one platform with customer-friendly software enabling full parameter accessibility & control and unique vision-based process monitoring.

 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, we use forward looking statements when we discuss the benefits and advantages of 3D electronics and that leading edge products, which are adopted initially by defense forces, traditionally end up creating very large size commercial markets. Because such statements deal with future events and are based on Nano Dimension’s current expectations, they are subject to various risks and uncertainties, and actual results, performance or achievements of Nano Dimension could differ materially from those described in or implied by the statements in this press release. For example, Nano Dimension is using forward-looking statements when it discusses reliance by the Company’s customers on DragonFly IV and other leading solutions to advance innovation in a way that other means of electronics manufacturing cannot do, the ability of 3D electronics to shorten customers’ development cycles and the uniqueness and essential properties of the Company’s technology and solutions. 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

FAQ

What does the recent press release from Nano Dimension reveal about new orders?

The press release states that Nano Dimension has received a purchase order from a leading Western intelligence agency for its DragonFly IV® 3D printer.

How does Nano Dimension's technology benefit defense agencies?

Nano Dimension's technology allows defense agencies to produce high-performance electronic devices essential for advanced applications like drones and satellites.

What is the significance of the second order for the DragonFly IV® system?

The second order from the intelligence agency signifies strong confidence in Nano Dimension’s products and their ability to meet advanced manufacturing needs.

Which sectors are utilizing the DragonFly IV® system?

The DragonFly IV® system is being utilized by various defense and intelligence sectors, including national armies, navies, and air forces.

What does CEO Yoav Stern say about the impact of their technology?

CEO Yoav Stern stated that products adopted by defense forces often lead to large commercial markets, emphasizing the future potential of their technology.