3D Printing Business Directory listed Nano Dimension, an innovative Israeli 3D printer, conductive inks and 3D printed electronics company, has been approved for listing on the US NASDAQ index and will begin trading there in the next few days.
The company now plans to expand its presence in the US market, where there’s been tremendous interest in its revolutionary Dragonfly 2020 advanced additive manufacturing printed circuit board (PCB) 3D printer, and its 3D printed electronics capabilities. This technology firmly intersects the worlds of printed electronics and 3D printing and is shaping up as a major manufacturing trend.
Trading of Nano Dimension’s stocks on the NASDAQ Capital Market will be effective within the next few days under the stock symbol “NNDM”. The 3D printed electronics company will announce the exact date for the trading in an additional news release.
The Bank of New York Mellon is serving as depositary for the ADSs and each ADS represents 5 ordinary shares of the Company. Ordinary shares will continue to trade on the Tel Aviv Stock Exchange under the symbol “NNDM”.
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“Becoming a NASDAQ-listed company is an important step in our overall corporate development strategy as we look to increase awareness of Nano Dimension within the U.S. investment community and expand our presence in the U.S. market,” said Amit Dror, Chief Executive Officer, Nano Dimension. “This listing adds to recent milestones for Nano Dimension, including the confidence placed in our products by top-tier U.S.-based beta customers, a manufacturing agreement with Flextronics, new patent applications to further solidify our leadership position in the industry, as well as recent research grant approval from Israel’s Chief Scientist.”
“As we list our ADSs on the NASDAQ, our ability to communicate our progress with a broader audience, raise the visibility of our strategy, and generate more value for our shareholders will improve significantly,” concluded Mr. Dror.
With the Dragonfly 2020 PCB 3D printer, Nano Dimension wants to establish itself as an all-in-one manufacturer of hardware, software and materials to be used in the rapid prototyping of advanced 3D PCB’s. The company uses its own nano particle silver based printable conductive inks and combines them with a photocurable polymer in order to create the PCB’s in one single process. Such a technology will require significant investments to be fully commercialized. NASDAQ listing is a big step in that direction, even at a time when the 3D printing bubble has burst and investors are much more careful on which 3D printing technologies (and applications) to put their trust in.