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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 released a presentation highlighting its value creation strategy and urging shareholders to vote 'FOR' all company proposals at the upcoming Annual Meeting. The company reports significant achievements including: 29% organic revenue growth in 2023, 69% reduction in cash burn in H1 2024, and over $160 million in share repurchases since August 2022. The company's transformational acquisitions of Desktop Metal and Markforged aim to create a market leader in Additive Manufacturing with projected $340 million in combined revenue. Nano expects to be EBITDA positive by Q4 2026 and emphasizes its strong governance improvements, including Board restructuring and separation of Chairman and CEO roles.
Nano Dimension (NNDM) has issued a letter to shareholders ahead of its 2024 Annual General Meeting, urging them to vote 'FOR' all company proposals and against Murchinson's competing agenda. The company highlights its recent achievements, including 29% organic revenue growth in 2023, a 69% reduction in cash burn in H1 2024, and agreements to acquire Desktop Metal and Markforged. The company emphasizes its successful execution of strategic initiatives, including $160 million in share repurchases and significant governance enhancements. Nano warns that Murchinson's proposals would paralyze the company's strategy and potentially harm shareholder value.
Murchinson , holding approximately 7.1% of Nano Dimension shares, has issued a letter to shareholders emphasizing the urgent need for board changes. The investor criticizes CEO Yoav Stern and the current board for allegedly wasting about $600 million on questionable acquisitions that have reportedly destroyed shareholder value. Murchinson points to the company's persistent negative enterprise value as evidence of lost shareholder confidence. The letter also highlights concerns about Mr. Stern's compensation proposal and urges shareholders to vote for Murchinson's nominees, Ofir Baharav and Bob Pons, to restore accountability and protect shareholder value.
Nano Dimension (NNDM) announced its participation in the ThinkEquity Conference in New York City on October 30th, 2024. CEO Yoav Stern will present at 11:30 am ET, discussing the company's strategy, recent M&A transactions, and industry outlook. The presentation will be available via live stream.
Nano Dimension is a provider of Additively Manufactured Electronics and multi-dimensional 3D printers, serving over 2,000 customers across aerospace & defense, automotive, industrial, medical technology, and R&D sectors. The company focuses on Industry 4.0 manufacturing solutions through AI-driven improvements and cloud-based distributed manufacturing networks.
Nano Dimension sent a letter to shareholders regarding their upcoming 2024 Annual General Meeting, highlighting the company's progress in executing its value creation strategy. Key achievements include two transformational M&A agreements, improved financial performance with 29% organic revenue growth in 2023, and significant governance enhancements. The company is facing opposition from Murchinson , which is attempting to gain control through proposals that could impact Nano's strategy. The Board urges shareholders to vote 'FOR' Nano's proposals at the December 6th meeting, emphasizing the importance of protecting their investment against what they describe as Murchinson's self-interested agenda.
Murchinson , a significant shareholder of Nano Dimension (NASDAQ: NNDM), has issued an open letter to fellow shareholders regarding the upcoming 2024 Annual General Meeting scheduled for December 6, 2024. Murchinson, owning approximately 7.1% of Nano's outstanding shares, urges shareholders to withhold votes until the complete agenda and revised proxy card are published.
The letter reminds shareholders of the Board's alleged deceptive actions during the 2023 Annual Meeting, including rushing a voting instruction form without Murchinson's director candidates. Murchinson intends to nominate independent candidates and submit proposals to address what they perceive as underperformance and governance failures under CEO Yoav Stern's leadership.
Murchinson plans to nominate two director candidates as Class I directors and propose amendments to the Company's Articles of Association, including requiring shareholder approval for major M&A transactions. They aim to protect shareholders' interests by installing truly independent directors not beholden to Mr. Stern.
Nano Dimension (NNDM) and Desktop Metal (DM) have announced that Desktop Metal stockholders approved the merger agreement for Nano Dimension to acquire Desktop Metal. The approval was secured with 60% of approximately 33 million outstanding DM shares voting in favor, representing over 96% of participating votes.
This stockholder approval is a critical milestone towards closing the transaction, which is expected in the fourth quarter of 2024, pending final regulatory approvals. The merger aims to create a strong leader in the digital manufacturing space, with plans to further combine with Markforged in the near future.
Both companies' CEOs expressed satisfaction with the outcome, emphasizing the potential for creating a self-sustaining industry leader with a strong balance sheet and innovative technologies in additive manufacturing.
Nano Dimension (Nasdaq: NNDM) has announced strong preliminary results for Q3/2024. The company reported unaudited consolidated revenues of $14.7 million, representing a 21% increase compared to Q3/2023. CEO Yoav Stern emphasized that despite recent acquisition agreements with Desktop Metal, Inc. and Markforged Holding , the core business continues to focus on revenue generation and customer value.
Nano Dimension is a leading supplier of Additively Manufactured Electronics (AME) and multi-dimensional polymer, metal & ceramic Additive Manufacturing (AM) 3D printing solutions. The company has served over 2,000 customers across various industries, including aerospace, defense, automotive, and medical technology. Nano Dimension's strategy involves applying deep learning-based AI to improve manufacturing capabilities and manage distributed manufacturing networks via the cloud.
Nano Dimension (Nasdaq: NNDM) has announced its acquisition of Markforged (NYSE: MKFG) for $5.00 per share in an all-cash transaction. This move follows Nano Dimension's recent agreement to acquire Desktop Metal, positioning the company as a leading player in Additive Manufacturing (AM). The combined entity, including Desktop Metal and Markforged, is expected to have a 2023 revenue of $340 million and cash equivalents of approximately $475 million at closing.
The acquisition of Markforged, valued at $115 million, represents a 71.8% premium to Markforged's September 24th, 2024 VWAP. This strategic move aims to expand Nano Dimension's product portfolio, strengthen its position in Metal-AM, and enhance its focus on sophisticated materials for high-performance applications. The transaction is expected to close in the first quarter of 2025, subject to customary closing conditions and regulatory approvals.
Nano Dimension (NNDM) and HENSOLDT AG have announced the continuation of their joint venture, J.A.M.E.S (Jetted Additively Manufactured Electronics Sources GmbH), established in July 2021. The venture, based in Taufkirchen, Germany, focuses on advancing 3D printed electronics technology. J.A.M.E.S has become a leading electronic designer community, facilitating knowledge exchange and partnering with strategic customers on AME-centered projects.
The success of J.A.M.E.S has led to increased recognition of AME benefits, including improved iterative development, IP safety, faster time-to-market, and enhanced device performance. Both Nano Dimension and HENSOLDT have expressed their commitment to supporting J.A.M.E.S' mission and investing in the advancement of digital 3D printing of electronic components.
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