Nano Dimension Successfully Completes Recruiting New Applicants to its Beta Program

Nano Dimension Ltd., a leader in the field of 3D printed electronics (NASDAQ, TASE: NNDM), announced today that its wholly owned subsidiary, Nano Dimension Technologies Ltd., has successfully completed recruiting new applicants to the company’s beta program. The goal of the beta program, which began in the second half of 2016, was to allow Nano Dimension initial penetration into the market by working with leading customers. The feedback received in the beta program has been used to upgrade and refine the technology, printing capabilities, and the work processes of the company’s DragonFly 2020 3D printer. Following the positive feedback that the company received from its customers, the company decided that the targets of its beta program were achieved, allowing Nano Dimension to move on to the next stage, targeting early access commercial sales.

During the beta program, Nano Dimension has provided leading companies and partners worldwide the opportunity to lease the company’s DragonFly 2020 3D printer. The companies and partners in the beta program spanned a variety of industries such as defense, consumer goods, medical devices, and financial services. To date, a total of 16 customers have joined the beta program, and are using Nano Dimension’s 3D printers. As a result of the successful beta customer recruitment, the company decided not to recruit new applicants to the program, but will continue to work closely with its existing customers to provide them guidance and support. By using the DragonFly 2020 3D printer, the beta customers have proven that using the printer allows them to speed up product development cycles, strengthen in-house innovation capabilities, and secure research and development intellectual property.

During the third quarter of 2017, Nano Dimension expects to commence early access commercial sales, and sell the DragonFly 2020 3D printer and related proprietary inks, both directly and through partners and distributers.

Amit Dror, CEO of Nano Dimension, commented: “We are pleased to have reached an important milestone by achieving our beta program targets, and completing the recruitment of new applicants to the program. During the program, we achieved technological progress by working with a wide range of leading customers, and we also built a positive brand within our target audiences. We are currently targeting early access commercial sales.”