Nano Dimension Reports Ten Customers Upgraded their Machines to DragonFly LDM (Lights-out Digital Manufacturing) in 2020
05 December 2020 - 1:00AM
Nano Dimension Ltd. (Nasdaq: NNDM), a leading Additively
Manufactured
Electronics
(AME)/PE (Printed
Electronics
) provider, today announced an
updated summary for 2020 regarding customers’ upgrades of older
DragonFly Pro machines to the next generation 24/7 DragonFly LDM
machines.
Since the beginning of 2020 along with the
eruption of Covid-19, additional 10 customers, including certain
U.S. government agencies and leading European research and
electronic manufacturing organizations owning one or more older
DragonFly Pro machines, as well as additional European customers
including world leading research institutions, have upgraded their
DragonFly Pro machines to the next generation DragonFly LDM
machines. By now, 66% of our customers world-wide already own
DragonFly LDM 3D-Printing systems.
The improvement of the Dragonfly LDM in
comparison to the DragonFly Pro, among other things, is its ability
to perform certain automatic maintenance functions during the
additive manufacturing operation. That, in turn, increases the
printing MTBF (mean time between failures) and makes the machine
able to operate 24/7.
Yoav Stern, President and Chief Executive
Officer of Nano Dimension stated: “Leading customers upgrading to
our new machines, during the difficult period of Covid-19
stagnation, is a tremendously important validation for the value
our customers assign to their original investments in our
machines. The concept for
High Performance Electronic Devices
(Hi-PEDs) fabrication by digital Additively
Manufactured Electronics (AME) / PE (Printed
Electronics) machines is confirmed to be the future
of the electronic industry. The DragonFly LDM is the first
‘commercial 24/7 AME machine’ which was released only in the summer
of 2019."
About Nano Dimension
Nano Dimension (Nasdaq: NNDM) is a provider
of intelligent machines for the fabrication of Additively
Manufactured Electronics (AME). High fidelity active electronic and
electromechanical subassemblies are integral enablers of autonomous
intelligent drones, cars, satellites, smartphones, and in
vivo medical devices. They necessitate iterative development, IP
safety, fast time-to-market and device performance gains, thereby
mandating AME for in-house, rapid prototyping
and production. Nano Dimension machines serve cross-industry
needs by depositing proprietary consumable conductive and
dielectric materials simultaneously, while concurrently
integrating in-situ capacitors, antennas, coils, transformers and
electromechanical components, to function at unprecedented
performance. Nano Dimension bridges the gap between PCB and
semiconductor integrated circuits. A revolution at the click of a
button: From CAD to a functional high-performance AME device in
hours, solely at the cost of the consumable materials. 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 customer upgrades to next generation DragonFly LDM
machines. 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 10, 2020, 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 (NASDAQ:NNDM)
Historical Stock Chart
From Apr 2024 to May 2024
Nano Dimension (NASDAQ:NNDM)
Historical Stock Chart
From May 2023 to May 2024