In this episode of CEOLIVE.TV, Ms. Yael Sandler, CFO of Nano-Dimension (NNDM) discusses the company’s third quarter results as well as recent highlights.
Nano has created a 3D printer dedicated to printing multi-layer printed circuit boards or PCBs, called the Dragonfly 2020 that will benefit engineers and companies looking to rapidly prototype circuit board designs.
With 56% of all worldwide 3D printing revenue projected to be driven by demand for faster and cheaper prototypes there will be a growing need for innovative solutions like the Dragonfly 2020 3D printer.
And with global 3D printing sales predicted to reach $35 billion by 2020, Nano’s patented 3D printing technology seems well positioned to grab market share and build value for shareholders.
To learn more about them please visit their website at www.nano-di.com.
Third Quarter and Recent Corporate Highlights:
- On July 5, 2016, the company announced that it completed the development of the initial version of its software package, which will be integrated in the company’s DragonFly 2020 3D printer.
- On August 24, 2016, the company announced that it supplied the first DragonFly 2020 printer designated for 3D circuitry and printed circuit boards (PCBs) to a leading defense company in Israel for evaluation purposes.
- On September 6, 2016, the company announced that it will open a production facility for the company’s unique nano-ink products. The facility is located in Ness Ziona, Israel, in the same building as the company’s headquarters.
- On September 14, 2016, the company announced that it delivered its DragonFly 2020 3D printer to FATHOM. FATHOM is a beta and go-to-market partner with expertise in advanced manufacturing and 3D printing that serves the Silicon Valley area and greater West Coast region.
- On September 20, 2016, the company announced that it conducted a successful test for 3D printing of conductive traces onto a treated fabric in collaboration with a leading European functional textiles company. The test was carried out using Nano Dimension’s unique AgCite™ Silver Nanoparticle conductive ink and the DragonFly 2020 3D Printer platform.
- On September 30, 2016, the company issued 1,850,000 ADSs at a price of $6.50 per ADS in a public offering, and on October 11, 2016, the company issued an additional 275,275 ADSs pursuant to the underwriters’ over-allotment option. The total gross proceeds from the offering were approximately $13.8 million, excluding underwriting discounts and commissions and other offering related expenses. Following the issuances from the public offering, the number of outstanding ordinary shares is equivalent to 9,915,326 ADSs.
Forward Looking Statements
This CEOLIVE.TV video interview contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company’s current views with respect to future events that involve risks and uncertainties. Among others, these risks include failure to meet schedule or performance requirements of the Company’s contracts, the Company’s ability to raise sufficient development and working capital, the Company’s liquidity position, the Company’s ability to obtain new contracts, the emergence of competitors with greater financial resources, and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur as planned or at all.
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