NESS ZIONA, Israel, Feb. 22, 2016 /PRNewswire/ -- Nano Dimension Ltd., a leader in the area of 3D Printed Electronics, (TASE: NNDM, OTCQX: NNDMY), announced yesterday that it has received all of the approvals required to uplist its Depositary Shares (ADSs) to the NASDAQ Capital Market.
Trading of the Company's ADS on the NASDAQ Capital Market will be effective within the next few days under the stock symbol "NNDM". The company will announce the exact date for the trading in an additional news release.
The Bank of New York Mellon is serving as depositary for the ADSs and each ADS represents 5 ordinary shares of the Company. Ordinary shares will continue to trade on the Tel Aviv Stock Exchange under the symbol "NNDM".
"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 U.S. investment community and expand our presence in the U.S. market," said Amit Dror, Chief Executive Officer, Nano Dimension. "This listing adds to recent milestones for Nano Dimension, including the confidence placed in our products by top-tier U.S.-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.
"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," concluded Mr. Dror.
About Nano Dimension
Nano Dimension, founded in 2012, focuses on development of advanced 3D printed electronics systems and advanced additive manufacturing. Nano Dimension's unique 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.
In addition to the upcoming trading on the NASDAQ, the Company's shares are also traded on the TASE in Israel. The Bank of New York Mellon serves as the depositary for Nano Dimension.
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. These statements are only predictions based on Nano Dimension's current expectations and projections about future events. For example, we are using forward-looking statements when we discuss the NASDAQ listing and the impact it will have on our ability to communicate our progress, raise our visibility and generate more value for shareholders.
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.
Hayden/ MS-IR LLC
SOURCE Nano Dimension