Nano Dimension to list on Nasdaq this week

Nasdaq  picture: Bloomberg

The Israeli company has developed advanced 3D printed electronics systems.

Israel 3D printed electronics systems company Nano Dimension Ltd. (TASE: NNDM, OTCQX: NNDMY), has said it has received all the necessary approvals to list its Depositary Shares (ADSs) on Nasdaq. Trading will begin later this week under the NNDM ticker, which it also uses on the Tel Aviv Stock Exchange (TASE).

The Bank of New York Mellon is serving as depositary for the ADSs and each ADS represents 5 ordinary shares of the Ness Ziona based company.

Nano Dimension CEO Amit Dror said, "Becoming a NASDAQ-listed company is an important step in our overall corporate development strategy as we look to increase awareness of Nano Dimension within the US investment community and expand our presence in the US market. This listing adds to recent milestones for Nano Dimension, including the confidence placed in our products by top-tier US-based beta customers, a manufacturing agreement with Flextronics, new patent applications to further solidify our leadership position in the industry, as well as recent research grant approval from Israel's Chief Scientist.

He added, "As we list our ADSs on the NASDAQ, our ability to communicate our progress with a broader audience, raise the visibility of our strategy, and generate more value for our shareholders will improve significantly."

Nano Dimension, founded in 2012, focuses on development of advanced 3D printed electronics systems and advanced additive manufacturing. Nano Dimension's products combine three advanced technologies: 3D inkjet, 3D software and nanomaterials. 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.

Published by Globes [online], Israel business news - www.globes-online.com - on February 22, 2016

© Copyright of Globes Publisher Itonut (1983) Ltd. 2016

Nasdaq  picture: Bloomberg
Nasdaq picture: Bloomberg
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