Nano Dimension will start selling its PCB Printer this year
18 May, 2017
The company has delivered 13 DragonFly 3D PCB printers to beta customers. Flex will serve as the Nano Dimension primary manufacturer
During the first quarter of 2017, Nano Dimension has successful supplied of six additional DragonFly 2020 3D printers to customers. As of today, a total of 13 beta customers.”With thousands of unsolicited requests for information on our products, I am confident that we are on track to begin commercial sales of our DragonFly 2020 3D printer by year end,” said Amit Dror, Nano Dimension’s CEO.
“Our printers have now been integrated by industry leaders in the fields of defense, technology, medical devices, smart transportation and manufacturing, among others. The feedback that we have received from these early adopters has been extremely positive and informs our processes as we work to transition from beta testing to commercial sales”.
Nano Dimension fro Ness-ziona, Israel, was founded in 2012 and developed 3D printed electronics systems and advanced additive manufacturing technology. Its products combine three advanced technologies: 3D inkjet, 3D software and nano materials. The company’s primary products include the first 3D printer dedicated to printing multi-layer PCBs (printed circuit boards) and advanced nanotechnology-based conductive and dielectric inks.
Total revenues for the first quarter of 2017 were $118,000, compared to $46,000 in the fourth quarter of 2016. In fact, the fourth quarter of 2016 was the first quarter that Nano Dimension generated revenues. Research and development (R&D) expenses for the first quarter of 2017 were $2,508,000. To prepare for its commercial phase by year end, the Company recently completed training with Flex Ltd. (previously Flextronics). Flex will serve as the Nano Dimension primary manufacturer of the DragonFly2020 printer.
The company filed a patent application for a process to print a series of multilayered rigid PCBs, connected through printed flexible conductive connections, and a patent application for the printing process of electrical circuits with embedded electrical components. Recently it received approval for a $370,000 grant from the Israel Innovation Authority to develop processes related to 3D printing of advanced ceramic materials in inkjet technology.