Nano Dimension Supplies First DragonFly 2020 System to Leading Israeli Defense Company
Supply Marks Major Milestone for the Company
NESS ZIONA, Israel, Aug. 24, 2016 /PRNewswire/ -- Nano Dimension Ltd., a leader in the field of 3D Printed Electronics (NASDAQ, TASE: NNDM), announced today that its wholly owned subsidiary, Nano Dimension Technologies, has supplied the first DragonFly 2020 system designated for 3D circuitry and PCBs. The supply was made to a leading defense company in Israel for evaluation purposes and is expected to be installed at the partner's site in the coming days.
To date, Nano Dimension has proven its capabilities of printing multilayer electric circuits in lab conditions. With the first supply of the DragonFly 2020 system for testing, Nano Dimension marks yet another breakthrough for the company. This is the first key step towards the potential commercialization of Nano Dimension's products.
"We are proud to have reached this important milestone," said Amit Dror, CEO of Nano Dimension. "Supplying our first system to a beta partner is a tremendous achievement for Nano Dimension and the electronic industry. Nano Dimension set an ambitious goal to develop a revolutionary product that - until now- did not exist in the market, based on advanced technology that combines hardware, nano-chemistry and software. Today, only two years since our first fundraising and since our shares began trading on the TASE, we mark this important milestone of supplying our first system to a beta partner, enabling them to print multilayer electric circuits in several hours. We look forward to completing production of more printers destined for additional partners and customers in Israel and around the world."
About Nano Dimension Ltd.
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.
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