NESS ZIONA, Israel, Oct. 21, 2015 /PRNewswire/ -- Nano Dimension Ltd. (TASE: NNDM, OTCQX: NNDMY), a leading printing electronics company in the area of 3D printing, announced today that the company has filed a registration statement on Form 20-F with the U.S. Securities and Exchange Commission and an application to list its American Depositary Shares ("ADSs") on the NASDAQ Capital Market ("NASDAQ"). The registration statement on Form 20-F does not allow public fund raising in the U.S. The NASDAQ listing application is subject to review by NASDAQ and dependent on the Company meeting all of the necessary listing requirements of NASDAQ. Accordingly, there can be no guarantee that the Company's application for listing of its ADSs on NASDAQ will be successful.
The Company's ADSs evidenced by Depositary Receipts (ADRs) are currently traded on the OTCQX® Best Market under the symbol "NNDMY," where each ADS represents five ordinary shares. U.S. investors can find current financial disclosure and real-time Level 2 quotes for the Company on www.otcmarkets.com. BNY Mellon serves as Nano Dimension's Principal American Liaison ("PAL") on OTCQX, responsible for providing professional guidance on OTCQX requirements.
Amit Dror, CEO of Nano Dimension, said, "Trading on NASDAQ will be a major milestone for the Company. It can significantly increase the exposure of the Company in the U.S., both to investors and to strategic partners. We continue to make rapid progress in R&D, testing, cooperation agreements and the sale readiness of the 3D printer and the Company's unique inks."
About Nano Dimension
Nano Dimension was founded in 2012 and focuses on the research and development of advanced 3D electronics printing, including a printer for printing PCBs (printed circuit boards), and the development of nanotechnology-based ink products, which are complementary products for 3D printers.
The company was established by four seasoned entrepreneurs - Sharon Fima, Amit Dror, Simon Fried and Dagi Ben-Noon whose backgrounds are in world-class digital print companies and technology companies.
Nano Dimension uses a unique, novel technology which combines three technologies: inkjet, 3D printing and advanced nanotechnology, enabling the use of conductive ink for printing the conductors on PCBs. By integrating innovative, groundbreaking technologies, Nano Dimension is developing a unique and innovative 3D printer, which is capable of printing multi-layer PCBs, and supplies conductive Nano-inks to other fields in the electronics market.
Nano Dimension trades on OTCQX® Best Market in the U.S. and on the TASE in Israel. The Bank of New York Mellon serves as the depositary for Nano Dimension. U.S. investors can find current financial disclosure and real-time Level 2 quotes for Nano Dimension on http://www.otcmarkets.com/stock/NNDMY.
This press release contains forward-looking statements. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" and similar expressions or variations of such words are intended to identify forward-looking statements. For example, we are using forward-looking statements when we discuss the expected listing of our ADSs on NASDAQ and when we discuss the potential of such listing to significantly increase the exposure of the Company in the U.S., both to investors and to strategic partners. These statements are only predictions based on Nano Dimension's current expectations and projections about future events.
NASDAQ's review process is thorough, and we cannot assure that our application to list our ADSs on NASDAQ will be approved. In addition, There are important factors that could cause Nano' Dimension's actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements. Those factors include, but are not limited to the impact of general economic conditions, competitive products, product development risk, product demand and market acceptance risks, reliance on key strategic alliances or fluctuations in operating results. Except as otherwise required by law, Nano Dimension undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
SOURCE Nano Dimension Ltd.