Since March 2020, Nano Dimension's stock price has risen more than 16 times, and its market value has reached 1.5 billion US dollars. The market value of Nano Dimension exceeds that of the established 3D printing company Stratasys Inc. (Nasdaq: SSYS) (currently US$1.14 billion), and the latter`s revenue between January 2020 and September 2020 is close to US$400 million. Nano Dimension's revenue during this period was $1.5 million.
Recently, Nano Dimension has raised another US$250 million on Nasdaq, and has raised US$655 million since September 2020. Raising more than RMB 4.5 billion in just a few months, although from an operational perspective, Nano Dimension`s income is almost insignificant compared to its financing, so where does Nano Dimension`s rapid financing refer?
According to Nano Dimension`s official statement, as with the previous rounds of financing announced, Nano Dimension explained that the new capital is necessary for working capital and general business needs, which may include "strategic opportunities", including the acquisition of companies. Because Nano Dimension's own business is small, the funds it has raised indicate that it is preparing for large-scale acquisitions.
Six months ago, Nano Dimension hired US investment bank Needham to provide advisory services for its acquisition, especially in the US, so that complementary products or technologies can be added to the electronics field to expand the company's distribution channels.
It is reported that at the technical level, Nano Dimension`s Dragonfly LDM technology further breaks the boundaries of additive manufacturing, enabling it to print insulating substrates next to conductors with very high precision. Perhaps dissatisfied with the market`s valuation, Nano Dimension was delisted from the Tel Aviv Stock Exchange earlier this year. Since then, the company`s share price has risen sharply, and the company`s DragonFly equipment has subsequently achieved another technological breakthrough.
According to Nano Dimension CEO Yoav Stern, they currently have two goals. They are focusing on speeding up and promoting the research and development of Nano Dimension; at the same time, they are looking for a target to acquire this kind of market price at an appropriate price. Companies with business synergy.
Progressive technology establishes the only one in the market
So from the technical and application level, does Nano Dimension have the potential for paradigm shift?
First, let`s take a look at Nano Dimension’` Dragonfly Pro system. In 2019, the DragonFly Pro 3D printing system has produced the world's first PCB side mounting technology through 3D printing. DragonFly's precision additive manufacturing system is capable of 3D printing and soldering components on the top, bottom and sides of the PCB. This manufacturing capability adds valuable space to the PCB. Essentially, it means that design engineers can add components to the side of the board to increase the functionality of the board without increasing the size of the PCB itself.
Applications such as the Internet of Things and Industry 4.0 devices require customized and usually compact PCB forms, so it is very beneficial to be able to 3D print the side-mounted technology on the PCB. Side mounting technology can be used to produce modular antennas, non-standard packages and IoT products. In terms of antennas, this function can also be used to print a horizontal ground layer in the Z-axis direction to produce higher performance antennas or multiple antennas with different voltages in a single circuit board. In general, the ability to print side mounting can greatly open up the innovative space of Nano Dimension 3D printing for electronic device design.
In terms of the market, TTM Technologies, a global leader in the field of printed circuit board (PCB) manufacturing, strengthened its relationship with Nano Dimension by purchasing two additional DragonFly Pro systems in April 2019. By owning three Dragonfly Pro systems, TTM expanded Improved its additive manufacturing capabilities for printed electronic products.
On this basis, DragonFly LDM printing technology is a breakthrough system launched by Nano Dimension on July 24, 2019. DragonFly LDM relies on the functions of the award-winning DragonFly Pro system and uses the latest proprietary technology to achieve 24/7 non-stop 3D printing. Improvements include new advanced print head software management algorithms and the ability to automatically clean the print head every few hours.
Designed for Industry 4.0 and IoT manufacturing, it is the industry's only comprehensive additive manufacturing platform for all-weather 3D printing of electronic circuits. DragonFly LDM is an extension of the successful DragonFly Pro precision system for printing electronic components, including multilayer printed circuit boards (PCB), capacitors, coils, sensors, antennas, etc.
In August 2019, the British MTC (Manufacturing Technology Center) became the first R&D institution in the UK to purchase the Nano Dimension Dragonfly LDM electronic precision additive manufacturing system. MTC uses cutting-edge unattended digital manufacturing systems to add electronic components such as multilayer printed circuit boards (PCB), antennas and sensors.
MTC uses the DragonFly LDM additive manufacturing system for advanced application development, including complex functions, geometric designs and minimal designs required for smart connected devices and various advanced applications. This shows that British and European R&D institutions are increasingly interested in DragonFly LDM technology, believing that it is a viable way to bring next-generation electronic products and solutions to the market.
According to Aurora Group, Nano Dimension`s partner in China, unlike the traditional PCB factory`s time-consuming and complex production model, Nano Dimension 3D circuit printing is fast, confidential, and can print multiple layers of complex and high-precision The advantages of printing technology can be applied to circuit board prototyping and development purposes.
Nano Dimension`s exclusive nano-scale silver conductive material AgCite and PCB circuit board 3D design software can produce prototypes that mix conductive (metal) and insulating (plastic polymer) ink materials at one time, and accurately print complete and multi-level PCB features. , Including the details of the interconnection of buried holes and plated through holes, and can be completed in a few hours without etching, drilling, plating or destruction.