Post Number: 3456
|Posted on Thursday, November 05, 2020 - 1:57 pm: |
NNDM up by 13% and 14% today.
NNDM: 25% up now.
Nano Dimension Sells Two DragonFly LDM Systems for Additive Manufacturing of Electronics; Stock Jumps 16%
BY MT Newswires
— 1:32 PM ET 11/05/2020
01:32 PM EST, 11/05/2020 (MT Newswires) -- Nano Dimension (NNDM) said on Thursday it has sold additional two DragonFly LDM systems for additive manufacturing of electronics to an Australian defense contractor and an Asia-Pacific research center for an undisclosed value.
"The significance justifying noticing these transactions is that they may be the early birds of recovery, at least for the APAC marketplace," said CEO Yoav Stern, adding that one of the deals was delayed from Q1 of 2020.
"The United States is still in a state of downswing of capital expenditures under the influence of the COVID-19 pandemic, and European prospective customers are sinking back toward a commercial stand still," Stern said.