Skip to main content

Nano Dimension CEO’s Update: Needham & Co. was Engaged for Acquisition Search; ITAR Registration granted, certifying clearance to work in conjunction with U.S. military

Written by Customer Service on . Posted in Mergers And Acquisitions.

Nano Dimension’s USA HQ, Boca Raton, Florida, June 23, 2020 (GLOBE NEWSWIRE) — 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.”About Nano Dimension

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.