Nano Dimension Adds More Than $800,000 to the Balance Sheet as Founders Exercise Options

Nano Dimension (TASE:NNDM,OTCQX:NNDMY) announced today that the four founders of Nano Dimension Technologies, a fully owned subsidiary of Nano Dimension, have exercised options and added more than $800,000 to the company’s balance sheet ahead of its registration on the Nasdaq.
As quoted in the press release:

The four founders now hold together 10,682,463 shares- approximately 28.5% of the total issued shares of the Company. The company recently announced its plans to register its ADS for trading on the Nasdaq Capital Market after trading on the OTC since July 2015.
Nano Dimension introduced its DragonFly 2020 printer, which enables professionals specializing in the development of electronics to build prototypes of printed circuit boards (PCBs) in a few hours, in early January at the CES conference in Las Vegas. The ability to quickly print PCBs using a multi-layered three-dimensional printing process is a new concept in the planning and design industry of electronic components.

The current production process is a multistep process that requires considerable resources; it is expensive and may take several weeks, while also requiring the use of outsourcing that results in exposure of proprietary intellectual property. Nano Dimension’s unique three-dimensional printer is able to print a complete multilayered circuit board, including all internal connections (“Vias”) between the layers, using a revolutionary inkjet technology and nano-inks – conductive and isolating. In addition, the DragonFly 2020 printer provides its users with the option to perform various tests during the process, providing an opportunity to examine a range of new designs and geometrics.
The printer will be commercially sold in the second half of 2016, while the AgCite series of ink products are already available.