Nano Dimension stocks soar thanks to 3D printing technology

Nano Dimension is an Israeli manufacturer that specialises in intelligent machines for the 3D printing of high fidelity active electronic and electromechanical subassemblies, and has recently obtained a patent for their circuit board additively manufactured with inkjet printing. Components such as these are essential to the functioning of things like AI drones, cars, satellites, smartphones, and in vivo medical devices, all of which demand iterative development, and thus rapid prototyping and production. Using additive manufacturing methods Nano Dimension are able to produce integrated circuits at unprecedented speed and performance. In order to do this the company uses software with a SOLIDWORKS add-in and their proprietary DragonFly LDM™ technology, an extension of the award-winning DragonFly Pro precision system.

Having already raised $657 million in the fourth quarter of 2020, the company has now priced another offering at $332.5 million, putting it on track to have raised $1 billion of capital in just a few months. Nano Dimension will issue 35 million shares, now priced at $9.50 each, a 21.6% increase since December, and a 1,661% increase since last year. It wasn’t, however, until this last quarter of 2020 that the company’s efforts met significant success. In fact, between January and September the company’s revenue shrunk 72% and its net loss rose from $7 million in the same period in 2019 to $31 million. That said the 3D printing industry has seen huge growth and Nano Dimension is not the only company in the additive manufacturing industry to have met this sort of success in such a short time frame. Analysts have attributed this growth to a fourth industrial revolution demanding increased automation, which additive manufacturing is uniquely positioned to supply. The DragonFly LDM™ is specifically designed for industry 4.0 and manufacturing for the Internet of Things (IoT).

The DragonFly LDM™ Pro (Photo Credit: Nano Dimension)

Nano Dimension’s success has been pointed toward the company’s recent patent for “rigid-flexible printed circuit board fabrication using inkjet printing”. The potential impact of their now patented technology is detailed in the following excerpt from the patent itself: “Flexible-rigid composite electronics represent a new generation of electronics, which can exhibit properties of both stretching as well as bending flexibility. These properties will afford electronic devices with conformity to bending and twisting as well as the capability to stretch and compress over a large strain scale. Because of their soft and conformable nature, stretchable electronics have shown great potential in biomedical engineering, e.g., epidermal electronic devices and implantable devices. As well as in the growing demand for wearable electronics, and other industries such as sensors, antennas with complex geometry or RFIDs to be placed on curved objects.”