Nano Dimension and CBTP in S. Korea Sign MOU for Additive Manufacturing of Electronics Research Collaboration
28 October 2019 - 6:30PM
Nano Dimension Ltd., a leading additive electronics
provider for electronics (NASDAQ, TASE: NNDM), announced today
that it has signed a multi-year Memorandum of Understanding (MoU)
with Chungbuk Technopark (CBTP) in South Korea, for research
collaboration in the field of additive manufacturing of
electronics.
The collaboration will focus on joint research
to streamline electronics development, based on Nano Dimension’s
award-winning DragonFly system, the only precision additive
manufacturing system of its type. Nano Dimension will provide
knowledge, technical expertise and end-to-end support to CBTP
researchers, to help integrate electronics into existing structures
and improve components in terms of space, weights and assembly.
The partnership has already resulted in novel
applications for the electronics sector, including a fully
functional 3D printed IoT communication device that can shorten
development times for IoT devices by up to 90%, compared to
traditional devices. Researchers at CBTP’s premises in Cheongju
have also printed capacitors in PCBs and side mount boards on the
DragonFly additive manufacturing system. The extra space afforded
through embedding capacitors and side mounting allows design
engineers to pack more functionality on the circuit board which is
particularly relevant for IoT and Industry 4.0 where customized
designs and shapes are a growing demand.
“We are proud to work with CBTP, a leading
research institute, to continually advance additive manufacturing
of electronics and pave the way for innovative applications,” said
Amit Dror, CEO of Nano Dimension. “We are constantly developing and
presenting exciting new applications and providing our customers
cutting-edge solutions for electronics design and manufacturing. By
collaborating with our customers and partners, we can combine both
parties’ knowledge and expertise for developing the next generation
capabilities in additive manufacturing of electronics.”
“This research agreement is an excellent
platform to work together with Nano Dimension on a long-term
program of research focused on the crucial design and prototyping
phases of innovative electronic projects,” said Song,I Hun, Ph. D.
- Director of Semiconductor IT Center. “By combining our know-how
from industrial players and academia with Nano dimension’s
expertise in precision 3D printing, our researchers will have the
tools to accelerate growth in the high-tech electronics arena in
Korea.”
CBTP is a non-profit research institute that
brings together industrial players, academia and the South Korean
government for research and development in the fields of smart IT,
premier consumer goods, transportation, energy and bio-health. It
has received numerous national awards recognizing its excellent
support for research and business endeavors in its 15 years of
operations.
About Nano Dimension
Nano Dimension (Nasdaq, TASE: NNDM) is a leading
electronics provider that is disrupting, reshaping, and defining
the future of how cognitive connected products are made. With its
unique 3D printing technologies, Nano Dimension is targeting the
growing demand for electronic devices that require increasingly
sophisticated features. Demand for circuitry, including PCBs -
which are the heart of every electronic device - covers a diverse
range of industries, including consumer electronics, medical
devices, defense, aerospace, automotive, IoT and telecom. These
sectors can all benefit greatly from Nano Dimension’s products and
services for rapid prototyping and short-run 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
collaboration with CBTP and the benefits and use of its products.
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 14, 2019, 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 Yael Sandler,
CFO | ir@nano-di.com
NANO DIMENSION PR CONTACT Galit Beck, Public Relations
Manager | 972-542539495 | galit@nano-di.com
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