Nano Dimension Delivers 3D Printer to One of the Top 10 Largest Defence Companies in the World

Nano Dimension Delivers 3D Printer to One of the Top 10 Largest Defence Companies in the World

Nano Dimension Ltd., a leader in the field of 3D printed electronics, announced on December 15, 2016 that its wholly owned subsidiary, Nano Dimension Technologies Ltd., has delivered, in return for payment, a DragonFly 2020 3D Printer to one of top 10 largest defence companies in the worldDragon Fly by NanoDimensions

The beta customer, which is headquartered in the United States, is one of the world’s leading companies in the fields of defence and technology, with annual revenues of more than 20 billion dollars. The customer supplies some of the world’s most advanced defence systems, which are provided to thousands of civilian and intelligence agencies, governments, defence corporations and industrial companies in the United States and around the world.

This marks Nano Dimension’s fifth delivery of the DragonFly 2020 3D Printer, following deliveries to leading companies from a variety of industries, including a leading defence company in Israel; FATHOM, a U.S.-based advanced manufacturer with expertise in 3D printing; PHYTEC, a leading company in the microprocessor-based solutions industry based in Germany; and a U.S-based, Fortune 100, multinational corporation in the technology industry.

Nano Dimension’s beta program involves the delivery of the company’s DragonFly 2020 3D Printers to leading companies and partners world-wide. The customers are pioneers of additive manufacturing technology’s entry into the world of electronics. They will qualify the DragonFly 2020 technology and use it, among other possibilities, to speed up their product development times. The DragonFly 2020 3D printer also has the potential to strengthen the customer’s in-house innovation capabilities while providing them with enhanced R&D IP security. In return, the company receives valuable feedback for product development and other considerations, including payments.

Nano Dimension, founded in 2012, focuses on development of advanced 3D printed electronics systems and advanced additive manufacturing. Nano Dimension’s unique products combine three advanced technologies: 3D inkjet, 3D software and nanomaterials. The company’s primary products include the first 3D printer dedicated to printing multi-layer PCBs (printed circuit boards) and advanced nanotechnology-based conductive and dielectric inks.

In addition to the trading of the company’s American Depositary Shares on NASDAQ, the company’s ordinary shares are also traded on the TASE in Israel. The Bank of New York Mellon serves as the depositary for Nano Dimension.

Nano Dimension’s team consists of forty-five talented experts across a wide-range of disciplines including mechanical design, hardware, software, 3D printing, physics and chemistry. The company has received a total of USD 1.8 million in grants from the Israeli Office of the Chief Scientist at the Ministry of Economy to support the development of 3D PCB printer technology.

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