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Nano Dimension Launches DragonFly LDM 2.0 Update
Nano Dimension Ltd., an industry leading provider of Additively Manufactured Electronics (AME)/PE (Printed Electronics) systems, announced the launch of its next-generation DragonFly LDM® 2.0 system, a comprehensive update to the Company’s flagship product that introduces improved print quality, optimized ink utilization and smarter management for printer uptime. The DragonFly LDM® system is the only known technology in the world that uses digital files and simultaneous 3D-printing of dielectric and conductive materials to rapidly produce high performance multilayered electronic devices (Hi-PEDs®: Hi-Performance Electronic Devices).
“I am excited to announce the DragonFly LDM® 2.0 update, which was developed by Nano Dimension R&D multidisciplinary teams over the last several months,” said Nir Sade, Nano Dimension VP, Product Champion. “This great effort
AME)/
PE (3D-Printed Electronics) provider, announced today that it has signed and closed a definitive agreement to acquire NanoFabrica Ltd. (“NanoFabrica”) (
https://www.nano-fabrica.com/), a world leader in technology and turn-key systems for precise 3D-micro-printing (or precision additive manufacturing). Nano Dimension will pay the shareholders of NanoFabrica a total ranging between $54.9 million to $59.4 million. Out of that, between $23 million to $27.5 million will be paid in cash (depending upon NanoFabrica meeting certain performance milestones and the founders of NanoFabrica continuing to work for a defined period after the acquisition), and approximately $32 million was paid in American Depositary Shares (ADSs) of Nano Dimension (approximately 30% of which cannot be sold for various periods of up to 24 months after the closing of the transaction). Certain cash payments will be based on NanoFabrica’s revenue and gross margin performance in the next 12 months.