Nano Dimension reports that ten customers converted their machines to DragonFly LDM (Lights-out Digital Manufacturing) in 2020
Sunrise, Florida, December 4, 2020 (GLOBE NEWSWIRE) – Nano Dimension Ltd. (Nasdaq: NNDM), a leader Adiditive mmanufactured E.electronics (AME) / PE (P.colored E.electronics) Provider, today announced an updated 2020 summary of customer upgrades from older DragonFly Pro machines to the next generation, 24/7 DragonFly LDM machines.
Since early 2020, along with the Covid-19 outbreak, an additional 10 customers including certain U.S. government agencies and leading European research and electronics manufacturing organizations that own one or more older DragonFly Pro machines, as well as other European customers, including world-leading research organizations Institutions have upgraded their DragonFly Pro machines to the next generation DragonFly LDM machines. 66% of our customers worldwide already own DragonFly LDM 3D printing systems.
The improvement of the Dragonfly LDM compared to the DragonFly Pro is, among other things, that certain automatic maintenance functions can be performed during the additive manufacturing process. This in turn increases the pressure MTBF (Mean Time Between Failures) and makes the machine ready for use around the clock.
Yoav Stern, President and Chief Executive Officer of Nano Dimension, said, “The fact that leading customers are switching to our new machines during the difficult time of Covid-19 stagnation is a tremendously important confirmation of the value our customers place attach to the original investment in our machines. ”. The concept for High P.power E.electronic D.eviceS. (HI-PEDs) Manufacturing by digital Adiditive mmanufactured E.electronics (AME) / PE (P.colored E.electronics) Machines are considered to be the future of the electronics industry. The DragonFly LDM is the first ‘commercial 24/7 AME machine’ that was only launched in the summer of 2019. “
About nano dimension
Nano Dimension (Nasdaq: NNDM) is a provider of intelligent machines for the production of Additively Manufactured Electronics (AME). Active electronic and electromechanical high-fidelity sub-assemblies are integral prerequisites for autonomous intelligent drones, cars, satellites, smartphones and in-vivo medical devices. They require iterative development, IP security, fast time-to-market and device performance enhancements, which require AME for internal rapid prototyping and production. Nano Dimension machines meet cross-industry needs by simultaneously depositing proprietary conductive and dielectric consumables while integrating in-situ capacitors, antennas, coils, transformers and electromechanical components to operate with unparalleled performance. Nano Dimension bridges the gap between PCB and integrated semiconductor circuits. A revolution at the push of a button: From CAD to functional high-performance AME device in hours, at the expense of consumables alone. For more information, please visit www.nano-di.com.
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,” “planet,” “believes,” “aims,” “estimates,” and similar expressions or variations of such words are intended to identify forward-looking statements. For example, in this press release, Nano Dimension uses forward-looking statements when discussing customer upgrades to next generation DragonFly LDM machines. Because such statements relate to future events and are based on Nano Dimension’s current expectations, they are subject to various risks and uncertainties. Actual results, performance or accomplishments of Nano Dimension could differ materially from those described or implied in 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 December 10, 2010 March 2020 and in all subsequent filings with the SEC. Unless otherwise required by law, Nano Dimension assumes no obligation to publicly publish changes to these forward-looking statements to reflect events or circumstances after the date of this release or the occurrence of unforeseen events. References and links to websites are provided for convenience and the information contained on these websites is not incorporated by reference in this press release. Nano Dimension is not responsible for the content of third party websites.
NANO DIMENSION INVESTOR RELATIONS CONTACT
Yael Sandler, Chief Financial Officer | [email protected]