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Stocks up 88% as Nano Dimension achieves US Government Certified Vendor Status

Nano Dimension Ltd., the leading additive electronics hardware provider, recently sold a DragonFly 2020 Pro 3D Printer to a US-based, global top ten, defense company. The sale marked this customer’s second purchase of a Nano Dimension 3D printed electronics system. The first system was installed as part of Nano Dimension’s beta program in 2017.

Nano Dimension’s US subsidiary also achieved United States Government Certified Vendor status, having received a Commercial and Government Entity (CAGE) Code from the United States Department of Defense’s Defense Logistics Agency. CAGE codes are used extensively within and by the U.S. federal government. As a registered and approved vendor, Nano Dimension is now positioned to pursue and conduct business directly with the US federal government and its many agencies, including the Department of Homeland Security and other United States Department of Defense entities.

The defense sector is a key market for additive manufacturing technologies. This achievement has sent the company’s stock, listed on the US NASDAQ index, skyrocketing, up 88%. Like other 3D printing hardware stocks, Nano Dimension had been struggling since the initial IPO and is still down significantly from its initial value. For those still interested in investing on the future of AM, most major 3D software providers (Dassault, Autodesk) are up significantly and going strong, while 3D printing service providers (ProtoLabs, Materialise) are now solidly into positive territory.

“Receiving a CAGE code is a critical step in affirming Nano Dimension’s position in the United States. Now, as a recognized U.S. government additive manufacturing supplier for defense projects, our DragonFly 2020 Pro 3D printer may play a crucial role in projects such as keeping risks down and solving complex design challenges, while speeding the R&D process up significantly,” said Amit Dror, CEO of Nano Dimension.

“We also are pleased to expand our relationship with our existing customers, and open the door to more and more companies who will embrace our 3D printed electronics technology, materials and software, so they can benefit from significant time and cost savings over traditional prototyping processes, to meet rapidly changing demands from defense contractors.”

The DragonFly 2020 Pro 3D printer transforms electronics development by enabling companies to reinvent their development processes as well as their products. The high-resolution system lets designers and engineers 3D-print metal and polymer simultaneously. This technology enables IP secure, in-house, manufacturing or prototyping of functional electronics such as sensors, antennas, molded interconnect devices, printed circuit boards and other innovative circuitry.

Tess Boissonneault

Tess Boissonneault moved from her home of Montreal, Canada to the Netherlands in 2014 to pursue a master’s degree in Media Studies at the University of Amsterdam. It was during her time in Amsterdam that she became acquainted with 3D printing technology and began writing for a local additive manufacturing news platform. Now based in France, Tess has over two and a half years experience writing, editing and publishing additive manufacturing content with a particular interest in women working within the industry. She is an avid follower of the ever-evolving AM industry.

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