Nano Dimension - Spreading the word
Nano Dimension commenced roll-out of its commercial-grade DragonFly Pro printers during H217. Since then it has sold 10 printers, some of which have been purchased by resellers for demonstration purposes. This is a key aspect of Nano Dimension’s programme to educate potential customers about the novel applications for the technology. Noting that FY18 sales will be skewed to H2, we leave our estimates and indicative valuation broadly unchanged at US$4.16/ADS (NIS2.98/ordinary share).Nano Dimension is a 3-D printing technology group based in Israel. Co. is engaged in the development of a three-dimensional (3D) printer that prints electronic circuit boards, also known as printed circuit boards (PCBs), and ink materials and products based on nano-technology. Co. enhances the ability of electrical engineers, designers and manufacturers to conceptualize, test and develop PCBs in a shortened development cycle bypassing common prototyping bottlenecks. Co.'s Dragonfly 2020 3D printer in development uses liquid nano-conductive and dielectric inks that are designed specifically to print sophisticated PCBs.
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