Nano Dimension Ltd. (NASDAQ: NNDM) is an Israel-based technology company focused on the development of advanced 3D printed electronics systems and advanced additive manufacturing. Since its founding in 2012, the company has successfully established a position at the forefront of the rapidly expanding 3D printing market by relying on a combination of three advanced technologies, including the 3D inkjet, proprietary 3D software and innovative nanomaterials. Among its most well-known offerings, Nano Dimension developed the first 3D printer on the market dedicated to the creation of multi-layer printed circuit boards (PCBs), as well as a series of advanced nanotechnology-based conductive and dielectric inks which are complementary products for 3D printers.
Recent months have proven to be extremely eventful for Nano Dimension, as highlighted in the company’s third quarter financial results issued on November 8, 2016 (http://nnw.fm/1Kb7T). In addition to closing its first public offering of American Depository Shares in the United States, which raised total gross proceeds of approximately $13.8 million, the company successfully rolled out its sales operations during the fiscal quarter ended September 30. This achievement was marked by the supply of the company’s first two DragonFly 2020 3D Printer systems, which were sent to the company’s preapproved beta partners for evaluation and demonstration purposes. One of these preapproved companies is Nano Dimension’s go-to-market partner for the DragonFly 2020 3D printer, FATHOM, an advanced manufacturing and 3D printing operation serving Silicon Valley and the greater West Coast region. The other is a leading Israeli defense contractor.
Since the end of the third quarter, Nano Dimension, through wholly owned subsidiary Nano Dimension Technologies Ltd., has continued to expand the beta testing program for its 3D printer, with two additional units having been shipped in the past two weeks. The first unit went to Germany-based PHYTEC Masstechnik, an industry leader in microprocessor-based solutions for the industrial embedded market. The most recent 3D printer delivery was announced on December 5 and was made to a U.S.-based multinational corporation that develops a broad range of technological products and services. Notably, this unnamed, paying beta customer is a member of the Fortune 100. Through the continued expansion of its beta program, Nano Dimension aims to gain valuable qualification and feedback ahead of the anticipated full-scale launch of its DragonFly 2020 system.
“Nano Dimension receives a high level of interest from potential customers with hundreds of inquiries by companies that are interested in testing the DragonFly 2020 3D Printer,” Amit Dror, chief executive officer of Nano Dimension, stated in a recent news release. “As a part of our go-to-market strategy, we are currently focused on supplying printers for evaluation to leading companies around the world, and across key technology sectors. We believe that this will help bolster the adoption of our cutting-edge technology with many prospective customers.”
Looking to the future, demand for 3D printing capabilities is on track to experience tremendous growth in the coming years, as reaffirmed by a report from International Data Corporation (IDC) (http://nnw.fm/2VIrj). All told, IDC forecasts that the 3D printing industry will achieve a compound annual growth rate of roughly 27 percent from 2015-2019, growing from just shy of $11 billion last year to more than $26.7 billion near the end of the five-year period. This performance, led by major industry names like Stratasys (NASDAQ: SSYS) and 3D Systems Corporation (NYSE: DDD), will likely be spurred on by rising demand across a variety of industries, including health care, manufacturing, defense, automotive, construction, consumer goods and education. However, the possibility of addressing one of the most critical bottlenecks in today’s electronics market, the development of prototype PCBs, could be among the 3D printing industry’s most transformative breakthroughs.
Nano Dimension’s DragonFly 2020 3D printer has the potential to streamline the global market for PCBs, which was estimated at $58.6 billion in 2015 by IPC (http://nnw.fm/eCwR2). Currently, the manufacture of PCBs involves a multi-stage process that’s both labor-intensive and material-intensive. As a result, it is often outsourced, creating substantial lead times that greatly lengthen the design process for today’s electronic devices. Nano Dimension’s technology is designed to eliminate this delay, allowing for a sizable reduction in the amount of time required to prototype a complex PCB. Additionally, since the PCBs produced by the company’s 3D printer will be created in-house, designers will have the flexibility to create prototypes that can be more easily modified without introducing major delays to further testing.
With its DragonFly 2020 3D printer having recently entered a beta testing phase, Nano Dimension is rapidly approaching a full commercial launch that could have major implications on the future of electronics. On its website, the company invites designers to imagine the ability to innovate freely without the restrictions imposed by off-site PCB manufacturing, having the capability to print complicated circuit boards in-house in a matter of minutes or hours. As the global electronics market continues to evolve at a record pace, Nano Dimension’s approach to 3D printing makes it a company that could have a major impact on the portfolios of forward-thinking investors for years to come.
For more information, visit www.nano-di.com
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