NESS ZIONA, Israel, Sept. 8, 2015 /PRNewswire/ -- Nano Dimension, a leading printing electronics company in the area of 3D printing (TASE: NNDM) (OTCQB: NNDMY), announced today that Nano Dimension Technologies, a fully owned subsidiary of Nano Dimension, has sold 3D printers to ALA Software Solutions in the total amount of $175,000.
Under the agreement, Nano Dimension will sell printers to ALA, a software development service provider to the digital printing world that provides integration services between organizational and information systems. The printers will enable ALA Software's customers to print 3D prototypes of multi-layer electronic circuits. Nano Dimension is expected to supply the printers during the fourth quarter of 2016.
ALA's customer base includes leading companies in the fields of finance and communications in Israel. The company, which intends to expand its capabilities and client service offerings beyond digital printing to the printing of electronic circuits, has found Nano Dimension's 3D printer to be the ideal product to bring its expansion plans to fruition.
Amit Dror, CEO of Nano Dimension, commented, "We are excited about the demand for the company's printers even before the product has been officially commercially launched. The inquiries that the company has received indicates that there is a real need in the market. As we take orders for the 3D printer, we simultaneously continue to work with select customers to gather feedback on the product and prepare the printer for the market. We believe that ALA's ability to share the unique value proposition of the 3D printer with its customers will result in an ongoing business relationship due to ALA's expected need to use Nano Dimension's proprietary ink."
The news of this transaction comes just one month after Nano Dimension announced its first-ever sale – five printers to Vigilante Environmental Solutions.
About ALA Software Solutions
ALA Software Solutions is a software company that specializes in the development of data printing software for the digital printing industry and the performance of integration of organizational telephony systems (such as Cisco, Tadiran, Avaya, Panasonic, LG and others) and leading application software, such as SAP MS-CRM and Salesforce. ALA is currently launching an innovative product known as "Sales Accelerator," based on monitoring the voice of customers that call the service and sales centers while identifying their emotions in order to create automated call scripts that are based on the emotions of the callers.
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 OTCQB Market in U.S and on the TASE in Israel. The Bank of New York Mellon serves as the depositary for Nano Dimension. Investors can find current financial disclosure and Real-Time Level 2 quotes for Nano Dimension on http://www.otcmarkets.com/stock/NNDMY, the content of which is not part of this press release.
This press release contains forward-looking statements, including but not limited to forward-looking information, as defined in the 1968 Israeli Securities Law. 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. These statements are only predictions based on Nano Dimension's current expectations and projections about future events. 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.
Miri Segal-Scharia Hayden/ MS-IR LLC
SOURCE Nano Dimension