Nano Dimension Engages Needham & Co. for Acquisitions; Receives ITAR Registration


Reading time ( words)

Nano Dimension Ltd. (Nasdaq: NNDM), a leading additively manufactured electronics (AME)/PE (printed electronics) provider, announced today that is has engaged Needham & Company to advise on acquisitions, mainly in USA, that add complementary products and technologies within the electronic industry and  expand its distribution channels.

Additionally, the company announced today that it has completed its registration with the U.S. State Department’s Directorate of Defense Trade Controls (DDTC) under the International Traffic in Arms Regulations (ITAR). DDTC administers and enforces the ITAR, which regulates the manufacture, export and transfer of defense-related articles, information and services. Nano Dimension’s registration with DDTC reflects its commitment to compliance with all laws and regulations applicable to its global business, including serving the U.S. defense and aerospace industries.

“Our registration with DDTC under the ITAR will allow Nano Dimension to continue to expand our customer base in the United States. With our ITAR registration, we are positioned to strengthen our sales and service to the U.S. defense and aerospace markets, effectively and efficiently,” said Yoav Stern, president & CEO of Nano Dimension. “No less importantly,” he added, “we are adjusting our focus to leverage our strong cash position on one side, and the lull in the markets as a result of prolonged Covid-19 effects.  While Wall Street is reacting erratically, Main Street is on a prolonged slow-down resulting from temporary large corporate closures, holdbacks on capital spending and similar signs of temporal financial insecurities.  This is an environment that enables Nano Dimension to make an efficient use of the support from its shareholders, as manifested by the large cash injections during April and May 2020. We are now focusing on two goals: accelerating and advancing R&D and product road map, in parallel to following sinking valuation of private companies and looking for acquisition targets at the right price and with the proper accretive synergies.”

Share

Print


Suggested Items

This Month in Design007 Magazine: When Working Remotely, Cybersecurity Is a Necessity

07/09/2020 | I-Connect007 Editorial Team
When we started planning this issue on working remotely, we knew we’d have to speak with Stephen V. Chavez, chairman of the Printed Circuit Engineering Association (PCEA). We recently asked Steph to discuss some of the security measures that his company employs and what his experience has been like since he began working out of his Arizona home office full-time several months ago.

Understanding MIL-PRF-31032, Part 1

07/07/2020 | Anaya Vardya, American Standard Circuits
Over the course of this series, Anaya Vardya will discuss topics such as MIL-PRF-31032 requirements, the quality plan, responsibilities of the Technical Review Board (TRB), and the testing and reporting requirements for the certified shop into the DLA.

What It Takes to Be a Milaero Supplier, Part 4

05/18/2020 | Anaya Vardya, American Standard Circuits
The decision to pursue military and aerospace (milaero) certification impacts every facet of the organization, and not every shop is prepared to make this transformation. This is the final article in a four-part series, breaking down what it takes. In Part 4, Anaya Vardya explores what it takes to be a milaero supplier in the area of manufacturing.



Copyright © 2020 I-Connect007. All rights reserved.