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Nano Dimension has partnered with HENSOLDT to develop the world's first 10-layer printed circuit board (PCB) capable of soldering components on both sides, a significant advancement in 3D printing technologies. This breakthrough utilizes Nano Dimension's innovative dielectric and conductive inks, allowing for quick prototyping and reduced development costs in high-performance electronics. HENSOLDT's expertise ensures enhanced reliability for military applications, while the partnership emphasizes rapid market readiness through Additively Manufactured Electronics (AME).
Nano Dimension (NNDM) announced its Q1 2020 financial results, reporting revenues of $702,000, a significant decrease from $1,977,000 in Q4 2019 and $1,689,000 in Q1 2019. The decline was mainly due to disrupted sales of DragonFly LDM machines amid Covid-19. The company incurred a net loss of $2,074,000, with cash reserves at $4,509,000. Despite these challenges, 24% of revenues came from consumables, and the company anticipates a potential recovery in sales as China stabilizes. The outlook for Q2 and Q3 remains cautious due to ongoing disruptions.
Nano Dimension (Nasdaq: NNDM) announced a successful partnership with REHAU, a polymer manufacturer, to develop a 3D touch sensor using the DragonFly LDM machine. This collaboration transforms REHAU's polymer products into advanced human-machine interface surfaces, aiming to enhance functionality and design. The DragonFly LDM is noted for its unique capability to print complex electronic circuitry. REHAU's initiative aligns with the growing demand for smart devices, focusing on innovative applications, improved efficiency, and cost reduction in the polymer industry.
Nano Dimension (Nasdaq, TASE: NNDM) will announce its first quarter 2020 results on May 14, 2020, prior to market opening. The company's CEO, Yoav Stern, and CFO, Yael Sandler, will host a conference call at 9:00 a.m. ET to discuss the results. Investors can join the call via toll-free or international numbers and register through their website. A replay will be available after the event. Nano Dimension specializes in Additively Manufactured Electronics, enabling rapid prototyping and production for various industries.
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