Nano Dimension and HENSOLDT Strengthen 3D Printing Collaboration

Author: Lucas Young Updated: 09-20-2024 08:24 AM

Nano Dimension and HENSOLDT Strengthen 3D Printing Collaboration

Nano Dimension Ltd. (NASDAQ:NNDM), a leading innovator in additively manufactured electronics (AME) and additive manufacturing (AM) 3D printing solutions, has reaffirmed its partnership with defense technology firm HENSOLDT AG. Together, they are extending their successful joint venture, Jetted Additively Manufactured Electronics Sources GmbH (J.A.M.E.S). This renewal underscores their commitment to advancing AME technology within the electronic design community.

The Role of J.A.M.E.S in Electronic Design

Founded in July 2021, J.A.M.E.S has emerged as a significant hub for electronic design, operating from Taufkirchen, Germany. This joint venture promotes collaboration among designers, manufacturing methodologies, and material expertise while engaging with strategic customers on critical AME projects.

Advancements in Technology

The collaborative efforts of J.A.M.E.S have enhanced awareness regarding the numerous advantages of AME technology, such as improved iterative development processes, intellectual property security, and faster time-to-market. Andreas Müller, CEO of J.A.M.E.S, expressed his enthusiasm for the initiative's future potential, emphasizing the importance of ongoing knowledge sharing and implementation in 3D printed electronics.

HENSOLDT's Commitment to Innovation

Oliver Dörre, the CEO and Chairman of HENSOLDT, noted the substantial impact of J.A.M.E.S on evolving technology, positioning it as a competitive alternative to traditional electronics manufacturing methods. HENSOLDT is dedicated to supporting J.A.M.E.S with investments directed at advancing digital 3D printing technologies for electronic components, which will ultimately contribute to industry development.

Insights from Nano Dimension Leadership

Yoav Stern, the CEO of Nano Dimension, spoke about the strategic value of the partnership with HENSOLDT, emphasizing its influence on the 3D printed electronics sector. He believes that continued collaboration with diverse stakeholders will pave the way for further innovations in the field.

HENSOLDT's Industry Position

With about 8,500 employees and €1.8 billion in revenues recently reported, HENSOLDT stands as a leader in the European defense market, renowned for its advanced sensor solutions and ongoing enhancements in cybersecurity capabilities.

Nano Dimension's Strategic Vision

Nano Dimension's vision aligns seamlessly with the principles of Industry 4.0, targeting a transformation of traditional manufacturing processes with eco-friendly and efficient additive electronics. The company employs artificial intelligence and a distributed manufacturing network to boost its production capabilities.

Customer Base and Industry Reach

Nano Dimension caters to diverse sectors, including aerospace, defense, automotive, industrial applications, medical technology, and academia, demonstrating its broad market relevance and versatility.

Recent Developments and Financial Insights

Recently, Nano Dimension announced a modest year-over-year revenue increase of 2% alongside a striking 54% reduction in cash burn during its latest earnings call. This period also highlighted plans for acquiring Desktop Metal, with an acquisition price expected between $135 million to $180 million, signaling a significant step in their strategy to reinforce their presence in the additive manufacturing arena.

Focus on Innovation and Growth

CEO Yoav Stern emphasized that software and AI are critical components driving sales in machinery, expressing optimism regarding collaborations with Stratasys (NASDAQ:SSYS), particularly in areas focusing on metal and electronics. Moreover, with a budget allocated for share buybacks totaling $150 million, there is a strong indication that Nano Dimension views its stock as undervalued.

Future Prospects and Market Position

Despite being in an established robotics and automation industry, Nano Dimension continues to identify growth opportunities stemming from ongoing digitalization trends. Plans are in place to enhance the gross margins of Desktop Metal, targeting a goal of 60% to secure profitable operations moving forward.

Frequently Asked Questions

What is the main goal of Nano Dimension and HENSOLDT's partnership?

They aim to advance additively manufactured electronics technology and improve the electronic design process.

What is J.A.M.E.S?

J.A.M.E.S is a joint venture that facilitates collaboration in electronic design, focusing on the use of additive manufacturing technologies.

How does Nano Dimension plan to grow in the industry?

Through acquisitions, innovation in AI and software, and strategic partnerships with leaders in the manufacturing sector.

What financial milestones has Nano Dimension achieved recently?

The company reported a 2% revenue increase and a 54% reduction in cash burn during its recent earnings period.

What sectors does Nano Dimension cater to?

Nano Dimension serves a variety of sectors, including aerospace, defense, industrial, medical technology, and academia, showcasing its versatile capabilities.

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Nano Dimension and HENSOLDT Strengthen 3D Printing Collaboration