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Nano Dimension Ltd. (Nasdaq: NNDM) is a pioneer in the field of additive manufacturing technology, focusing on the development and production of intelligent 3D printing systems for Additively Manufactured Electronics (AME). The company's state-of-the-art 3D printing technologies are revolutionizing the way electronic devices are designed and manufactured, targeting sectors with growing demands for advanced features and rapid prototyping capabilities.
At the core of Nano Dimension’s innovations is the DragonFly multi-material 3D printer family, which utilizes proprietary conductive nano-silver inks and dielectric inks. This technology enables in-house agile hardware development and the creation of multi-layer printed circuit boards (PCBs), which are essential components in various electronic devices. Its applications span across diverse industries including consumer electronics, medical devices, defense, aerospace, automotive, IoT, and telecommunications.
Nano Dimension's machines are designed to meet the cross-industry needs by depositing proprietary conductive and dielectric materials simultaneously, allowing the integration of components such as capacitors, antennas, coils, and transformers. This integration leads to unprecedented performance in electronic devices. The company's portfolio extends into mechanical, chemical, industrial design, and artificial learning areas, addressing sophisticated requirements in autonomous intelligent drones, cars, satellites, smartphones, and medical devices.
Recent Achievements
Nano Dimension is continuously evolving, driven by deep learning-based AI to enhance manufacturing capabilities. By leveraging self-learning and self-improving systems, the company manages a distributed manufacturing network via the cloud, providing transformative solutions for Industry 4.0. Over 2,000 customers, including aerospace and defense, advanced automotive, high-tech industrial, specialty medical technology, R&D, and academia sectors, benefit from the company’s advanced AME and additive manufacturing solutions.
Latest Projects
In its latest initiatives, Nano Dimension announced the release of financial results for the fourth quarter and full year of 2023, showcasing its robust financial health and strategic growth plans. The company has also partnered with industry leaders like Esko and Fiery to further refine digital printing capabilities, underscoring its commitment to innovation and customer-centric solutions.
Financial Condition
The company’s financial trajectory remains strong, supported by strategic investments and partnerships that enhance its product offerings and market reach. Nano Dimension’s commitment to sustainable and economically efficient manufacturing processes aligns with its vision of transforming existing electronics and mechanical manufacturing into next-generation precision additive electronics.
For more information, visit www.nano-di.com.
Nano Dimension (Nasdaq: NNDM) has initiated its share repurchase plan, committing up to $100 million to buy back its American Depository Shares (ADS). This plan allows management to repurchase shares in open market and private transactions based on market conditions. CEO Yoav Stern stated that the buyback reflects confidence in the company's value, particularly as current share prices are below cash value, positioning it as a value investment. The company aims to enhance shareholder value while pursuing synergistic mergers and acquisitions.
Nano Dimension (Nasdaq: NNDM) issued a statement on February 14, 2023, announcing that a special shareholder meeting called by Murchinson Ltd. was illegal and should be disregarded. The Company emphasized that Murchinson failed to comply with the Israeli Companies Law. This follows a lawsuit against Bistricer by the Ontario Securities Commission for violating securities laws. Nano Dimension remains committed to protecting shareholder rights against Murchinson's actions, which have previously included stock manipulation allegations. The Board assures shareholders it will only provide valid meeting information.
Murchinson Ltd. has called a Special General Meeting for March 20, 2023, to address shareholder concerns after Nano Dimension's refusal to convene a meeting. Murchinson holds 5.2% of the shares and aims to replace four current directors, including CEO Yoav Stern, with two independent nominees, Ken Traub and Dr. Joshua Rosensweig. The agenda includes amendments to the Articles of Association to empower shareholders in director appointments and removals. The record date for voting is February 17, 2023, with proxy materials filed with the SEC.
Murchinson Ltd., holding approximately 5.1% of Nano Dimension Ltd. (NASDAQ: NNDM) shares, urges Chairman Yoav Stern and the Board not to engage in hasty acquisitions. The firm expresses disappointment over the Board's lack of constructive interaction and seeks a special meeting for a possible reconstitution due to a 75% share price decline since Stern's appointment. Murchinson raises concerns about the stewardship of approximately $1 billion in the company's cash and warns against acquisitions intended to dilute shareholder value. The firm commits to opposing any actions perceived as self-serving to Mr. Stern and emphasizes the Board's fiduciary duty to shareholders.
Nano Dimension (Nasdaq: NNDM) announced the granting of a patent for a Cluster-Connected Neural Network that enhances its AI-supported cloud-based manufacturing platform. This technology enables more effective operations of DeepCube AI solutions across a decentralized network of 3D printers. The patent adds to DeepCube's existing intellectual property, totaling 20 granted and 25 pending patents. With this innovation, Nano Dimension aims to improve manufacturing yield and quality while also addressing the challenges of Industry 4.0. CEO Yoav Stern emphasized the strategic importance of AI in optimizing their advanced manufacturing solutions.
According to Technavio, the global 3D printer market is projected to grow by USD 25,095.58 million from 2022 to 2027, at a CAGR of 23.49%. North America dominated the market in 2022 and is expected to contribute 36% to market growth during the forecast period. Key drivers include rising consumer interest in customized 3D products and decreasing prices of 3D printers. However, the market faces challenges like the high cost of training workers for additive manufacturing, which could hinder growth. The report segments the market by product type, technology, and geography, finding significant growth in industrial 3D printers.
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.
Nano Dimension Ltd. (Nasdaq: NNDM) announced revelations of serious legal violations by Murchinson Ltd. and its manager, Marc Bistricer, including misleading stock transactions and SEC investigations. The company has raised $1.5 billion from shareholders, boosting sales by over 1,180% since 2020. Nano Dimension aims for significant growth and profitability in 2023 while opposing the hostile takeover attempt by Murchinson at $4.00 per share. The company emphasizes the risk of losing its cash reserves and jeopardizing jobs for 550 employees due to Murchinson's actions, which threaten its financial and operational integrity.
Nano Dimension Ltd. (Nasdaq: NNDM) announced the rejection of a request by Murchinson Ltd. to call a special shareholder meeting, citing non-compliance with Israeli Companies Law. The Board emphasized its commitment to adhere to regulations in both Israel and the U.S. while safeguarding shareholders' interests. Citing Murchinson's history of stock manipulation and legal issues with U.S. regulatory authorities, the Board will scrutinize future demands to protect Nano Dimension's shareholders. The company continues to innovate in the field of Additively Manufactured Electronics, serving over 2,000 customers across various industries.
Nano Dimension Ltd. (Nasdaq: NNDM) has adopted a limited duration shareholder rights plan designed to protect its long-term interests and the value of shareholders' investments. This plan aims to prevent any entity or person from gaining control over Nano Dimension without board approval. As part of the plan, the company will issue one special purchase right for each American Depositary Share (ADS) outstanding as of February 6, 2023. These rights become exercisable if someone acquires 10% or more of the company's shares without authorization. The rights will expire on January 27, 2024.
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