Nano Dimension announces sale of second advanced AME system

Nano Dimension announced a series of updates covering its repurchase plan, repeat customer success, and an R&D milestone. Nano Dimension’s previously disclosed share repurchase plan recently commenced, allowing the Company to buy back up to $200 million worth of its American Depositary Shares until October 2024. Nano Dimension announced the sale of a second advanced AME system, the DragonFly IV, to a leading Western Defense agency, an existing customer, which has requested to remain anonymous. With this purchase, Nano Dimension has partnered with and sold the DragonFly IV to more than ten national defense organizations. Like other defense organizations, which include armies, navies, air forces, and government intelligence agencies, this most recent customer chose Nano Dimension based on the strategic advantages in leveraging AME and specifically the Company’s advanced industrial-level system, the DragonFly IV. The benefits include intellectual property security, design freedom, and fast-tracked innovation. Nano Dimension filed a patent application relating to INSU 200, a proprietary material, titled “Dielectric Ink Compositions and Uses Thereof” under the Paris Convention Treaty. This material, or consumable as it is otherwise known, is part of the Company’s AME product suite, and is the first jettable ink capable of undergoing the commercial reflow process. It is critical for end-users’ applications, having improved thermal and mechanical properties, specifically the ability to undergo higher temperature and stress. Such advanced properties are necessary for printed applications to meet more demanding specifications in both commercial and defense fields. Nano Dimension designed this material with industry standards as a priority; thus, the improved properties meet reliability tests defined by IPC – the global trade associate for the electronics industry. It will be available to customers in April 2024.