Nano Dimensions announces first delivery of its PCB printer to the US

14 September, 2016

The DagonFly 2020 was delivered th FATHOM, an advanced manufacturer with expertise in 3D printing, which is collaborating with Nano Dimension on U.S. market entry. Yesterday, Edison Investment research published a favorable research on the company

The DagonFly 2020 was delivered th FATHOM, an advanced manufacturer with expertise in 3D printing, which is collaborating with Nano Dimension on U.S. market entry. Yesterday, Edison Investment research published a favorable research on the company

The DragoFly 2020
The DragoFly 2020

 

Nano Dimension announced today that its wholly owned subsidiary, Nano Dimension Technologies, has delivered its DragonFly 2020 3D Printer to FATHOM. FATHOM is a beta and go-to-market partner with expertise in advanced manufacturing and 3D printing that serves the Silicon Valley region and greater West Coast area. This marks the company’s first delivery of the DragonFly 2020 3D Printer to the United States. The revenues from this transaction will begin to be recognized in Q4 2016 and will continue in 2017.

“Last month, we announced the supply of our 3D printer to a leading Israeli defense company, and we are continuing to expand our go-to-market infrastructure to distribute the company’s products in the United States,” said Amit Dror, CEO of Nano Dimension. “The presence of the DragonFly 2020 in the U.S. will provide Nano Dimension the ability to showcase the capabilities of the DragonFly 2020 3D Printer to potential U.S. customers. We are excited to have FATHOM as a key partner in this effort.”

The DragonFly 2020 3D Printer will be installed at FATHOM’s Oakland, California headquarters in the coming weeks and will be used for evaluations and demonstrations over the next year. Earlier this year, Nano Dimension signed an agreement with FATHOM to collaborate on the introduction of the DragonFly 2020 3D Printing platform to the U.S. market, with a focus on Silicon Valley and the greater West Coast area.

“Both FATHOM and Nano Dimension share the same vision of changing the way products are designed and manufactured,” saidRich Stump, Co-Founder and Principal at FATHOM. “We are excited to receive this system because it builds on FATHOM’s focus to augment conventional methods with cutting-edge technologies and advanced processes.”

The Next 12 months – a crucial phase

Yesterday, Edison Research published a report on Nano dimension. Edison notes the 12 next 12 months mark a crucial phase of execution for Nano Dimension as it moves from development to commercialization. While still forecasting a rapid revenue ramp, Edison estimates are substantially below the consensus forecasts of other analysts covering Nano Dimension. The research company model sales of three DragonFly printers at the end of FY16 and 39 during FY17. By FY18 it estimates the printers will be shipping in volume (200 units), generating US$35.7m revenues and US$14.1m operating profit. This roll-out timetable assumes that the beta-site product trials complete successfully, with very little modifications to either the printer or the inks required. Edisons estimates exclude sales of ink for applications that do not also require a DragonFly printer and any revenues from complementary markets such as printing biological tissues.

In common with most development-stage businesses, the range of potential valuations for Nano Dimension is extremely wide. The company has potential to grow into a valuation many times the current market capitalisation, yet if the beta-test programmes with customers do not transition into commercial orders then the company is unlikely to generate an economic return.

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Posted in: 3D Printing

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