WALTHAM, MA – Nano Dimension Ltd. (Nasdaq: NNDM) (“Nano Dimension” or the “Company”), a leading supplier of Additively Manufactured Electronics and multi-dimensional polymer, metal & ceramic Additive Manufacturing 3D printers, today announced that it will hold an Extraordinary General Meeting of Shareholders (the “EGM”) on December 13th, 2023, at which shareholders will be asked to approve compensation for the Company’s Directors, including the Chairman of the Board and Nano Dimension’s Chief Executive Officer. In addition, Nano Dimension today announced the continuation of its corporate governance enhancements to further align the Company’s profile with gold standards and best practices based on shareholder feedback and input from governance experts, Institutional Shareholder Services and Glass Lewis, prior to the previous Annual General Meeting on September 7th, 2023.
As part of setting the board to be efficient and effective, Nano Dimension has followed ISS recommendations from March and September 2023: Igal Rotem and Amit Dror are stepping down from the Board effective immediately as part of a planned transition. Amit Dror will also resign from his position as Customer Success Officer.
With these changes, Nano Dimension’s Board has been reduced, since September 2023, from nine to seven directors, with all six non-executive directors being independent.
These changes follow the previously announced separation of the Company’s Chairman and CEO roles, under which independent director Dr. Yoav Nissan-Cohen was appointed Chairman of the Board, as announced on September 15th, 2023.
Yoav Stern, CEO of Nano Dimension, commented, “We intend to continue corporate governance enhancements with refreshed Board composition and Board rightsizing, as well as recruiting unique and highly qualified additions to our present leadership. Our new Chairman, Dr. Yoav Nissan-Cohen, is already highly effective in helping us prepare the Company’s board leadership for the years to come. And we have more improvements planned, most of them aimed to fulfill our main goal: Supporting long term shareholders’ interests.”
Dr. Nissan-Cohen added, “Over the past few months, we have made important changes to our Board to promote independent oversight. Today’s announcement is a continuation of these efforts, as we have considered feedback from our shareholders and independent governance experts. Separately, as part of our effort, Mr. Rotem has left the Board, and I would like to thank him for his contribution over the last 18 months.”
Mr. Stern concluded, “This is an opportunity for all of Nano Dimension’s teams since it is inception in 2014, and me personally, to thank a very special individual, Mr. Amit Dror. He is the co-founder of the Company and its previous CEO. Amit is a visionary and a relentless leader and entrepreneur. His strength and commitment over so many years is part and parcel of what Nano Dimension’s spirit is today. Thank you, Amit. You will always be a part of Nano Dimension, and vice versa.”
Additional Information Regarding the EGM
The EGM will be held December 13th, 2023 at 16:00 p.m., Israel time at the Company’s headquarters in Israel and the following items will be put to a vote:
Approval of cash annual fee for all non-executive directors as of October 1st, 2023.
Approval of a compensation package for the Company’s Chairman of the Board, Dr. Yoav Nissan-Cohen, as of September 13th, 2023.
Approval of a compensation package for the Company’s Chief Executive Officer, Mr. Yoav Stern, as of January 1st, 2024.
The Company’s proxy statement will be mailed to all ADS holders in due course following the November 8th, 2023, record date and will contain any properly presented agenda items from shareholders.
WALTHAM, MA – Nano Dimension Ltd. (Nasdaq: NNDM) (“Nano Dimension” or the “Company”), a leading supplier of Additively Manufactured Electronics and multi-dimensional polymer, metal & ceramic Additive Manufacturing 3D printers, today announced that 4-Star General (Ret.) Michael X. Garrett has been appointed as a member of its Board of Directors, effective as of October 15th, 2023. General Garrett is a retired United States Army four-star general with nearly 40 years of service, most recently serving as Commanding General, United States Army Forces Command (“FORSCOM”), the largest command in the U.S. Army, from March 2019 until his retirement in July 2022.
General Garrett’s 38-year active military career culminated in three years commanding U.S. Army Forces Command and its 750,000 combat and support personnel across the United States, from 2019-2022. In this role, he oversaw training, readiness, and modernization for most active and reserve U.S. Army Soldiers through multiple global crises.
His earlier command tours include U.S. Army Central and its Army Soldiers serving throughout the Middle East; U.S. Army Alaska; and the Army’s first Alaska-based airborne brigade, which Garrett established and deployed into Iraq in the mid-2000s.
General Garrett served nearly 40 years on active duty as an Infantryman, Paratrooper, and Ranger who ultimately rose to the rank of four-star general as Commander of U.S. Army Forces Command from 2019-2022.
General Garrett’s military decorations include the Distinguished Service and Defense Superior Service medals; he is also a Distinguished Member of the 75th Ranger Regiment.
In retirement, General Garrett continues to support service members, military families, and rising professionals as a member of the board of directors for Textron, First Command Financial Services, Semper Fi & America’s Fund, and now Nano Dimension. He is Chairman of the Board of Commissioners for the American Battle Monuments Commission, and serves as an Executive in Residence for Fayetteville State University.
Dr. Nissan-Cohen Chairman, and Yoav Stern, CEO issued a joint statement: “We are honored to add General Garrett to our Board. His extensive experience of running large organizations under challenging time and performance demands, and most of all his proven leadership strategy development capabilities, will enhance our board with large scale thinking and development. We expect that General Garrett’s experience as a Director of Textron Inc. (NYSE: TXT) will contribute to Nano Dimension’s governance policies and implementation thereof, as well as with our go-to-market plans which include approximately 30% defense related customers.”
General Garrett also shared: “It is a privilege to serve as a member of the Nano Dimension team. After following the company closely for the past year, and a recent series of face-to-face engagements with their teams in Switzerland and Israel, I am impressed with the company’s passion for innovation and high-quality technological solutions. But most of all, I am proud to join Nano Dimension's shareholders, customers, and professionals in our shared commitment to strong values and ethical decision-making. This is a winning team.”
SCHRAMBERG, GERMANY – Schweizer Electronic AG, a leading innovator in the field of Printed Circuit Boards (PCB) and Semiconductor Embedding Solutions, is pleased to announce a strategic marketing agreement with Trilogy, one of the largest and most respected sales, service, and consulting organizations in the electronics industry.
Under the terms of the agreement, Trilogy will represent SCHWEIZER’s advanced PCB and Semiconductor Embedding solutions in North America. Trilogy brings over 30 years of proven history with key customers and manufactures in the automotive industry and broad industrial applications. Trilogy’s professionalism and customer relationships along with seamless execution and market knowledge support the strategic move to better Schweizer’s presence and localized support with North American and global customers.
Based out of Michigan, Indiana, Ohio and Pennsylvania and Kentucky, Trilogy will support SCHWEIZER to bring value to key customers in North America, focusing on e-Mobility, Automotive and Industrial markets.
"We are excited to partner with Trilogy, a company that shares our commitment to innovation, engineering and quality", said Nicolas Schweizer, CEO of SCHWEIZER. "This strategic agreement will allow us to leverage Trilogy's customer network and engineering expertise to deliver superior value to our North American customers."
The partnership with Trilogy aligns with SCHWEIZER's strategy to collaborate with leading technology providers to strengthen its position in international markets.
"We are delighted to enter into this strategic agreement with SCHWEIZER", said Terry Bishop, CEO of Trilogy. "We believe that our combined strengths will enable us to deliver innovative solutions for PCB and Semiconductor Embedding applications that meet the highest standards of quality and performance."
ELK GROVE VILLAGE, IL – Amitron, a leading U.S.-based manufacturer of printed circuit boards (PCB) brings an additional 80,000 sq/ft of manufacturing space into the overall MILSPEC ecosystem with high automation, the latest equipment technology, and processes for military and aerospace applications.
With four decades of excellence in printed circuit board manufacturing, Amitron successfully completed a validation audit of its Elk Grove Village, Illinois facilities thus meeting the requirements of MIL-PRF-31032 in alignment with the company's Quality Management Plan approved by Amitron's Technical Review Board. After this rigorous audit and certification process, Amitron has been granted the honor of contributing to the safety and security of the nation.
"Earning Mil-Spec certification is a testament to our capabilities and to our unwavering commitment to America's safety and defense," said Aidan Salvi, Amitron's Chief Transformation Officer "Our dedication to a 'Made in America' ethos ensures that the technologies fortifying our nation's defense are produced right here, at home. We invite industry leaders in aerospace, military, and defense to leverage our expertise and unmatched quality for the safety of their supply chain."
A United States defense standard often called a military standard, "MIL-STD", "MIL-SPEC", or (informally) "Mil Specs", are used to help achieve standardization by the U.S. Department of Defense (DOD). The DOD has more than 20,000 "Mil Specs" that ensure that products purchased for use by the U.S. Military meet the required quality requirements.
A key to Amitron obtaining the Mil-Spec certification is the company's transformation to become a Factory 5.0 facility.
Factory 5.0 is the next evolutionary stage in the manufacturing industry. While Factory 4.0 was predicated on robotics, Factory 5.0 expands on the principles of Industry 4.0 by emphasizing human-centric collaboration, flexibility, and adaptability. Factory 5.0 focuses on a highly integrated and intelligent production environment where humans and machines work in tandem, leveraging each other's strengths to achieve maximum efficiency, productivity, and innovation. Factory 5.0 leverages the availability of AI and advanced software systems to build better-advanced manufacturing processes.
Waltham, MA – Nano Dimension Ltd. (Nasdaq: NNDM) (“Nano Dimension”, “Nano”, or the “Company”), a leading supplier of Additively Manufactured Electronics (“AME”) and multi-dimensional polymer, metal & ceramic Additive Manufacturing (“AM”) 3D printing solutions, today announced its participation in The ThinkEquity Conference, which will take place on October 19th, 2023 at The Mandarin Oriental Hotel in New York.
The ThinkEquity Conference will gather industry insiders, investors and leading executives for a full day of company presentations, one-on-one investor meetings, networking and more. Featured sectors include AI, Technology, Biotechnology, EV/EV Infrastructure, Metals & Mining and Energy.
Attendees will have the opportunity to hear from Nano Dimension’s leadership on how the Company has grown to date and its prospects for future disruption, growth, and industry leadership.
Yoav Stern, Chief Executive Officer of Nano Dimension, commented, “We are looking forward to engaging with investors – long-standing, new, “returning,” and prospective. The revenue performance is clear – we have had exceptional growth with revenue for the first half of 2023 approaching approximately $60 million on an annual basis; compared to revenue for 2022 of $43.6 million, most of the growth generated organically. We are looking forward to have another good experience at the Think Equity Conference, with meaningful conversations with investors, shareholders and analysts.
FOUNTAIN INN, SC – KYOCERA AVX, a leading global manufacturer of advanced electronic components engineered to accelerate technological innovation and build a better future, is acquiring assets of Bliley Technologies, a worldwide leader in the design and development of innovative, low-noise frequency control products with more than 65 years of space heritage in low Earth orbit (LEO) and geostationary equatorial orbit (GEO) applications. The asset transfer acquisition will bring Bliley’s equipment, people, and IP under the KYOCERA AVX umbrella and allow KYOCERA AVX to produce the same high-quality electronic components that made Bliley a global leader. Upon finalization, the acquired assets will operate under KYOCERA AVX Components Corporation (Erie).
“We are very pleased to welcome members from the Bliley Technologies team to KYOCERA AVX and are very excited to further expand our crystal devices portfolio with the disruptive technologies they’ve developed, which will allow us to better serve sophisticated customers in the demanding military, aerospace, and defense markets,” said Kio Ariumi, Senior VP, Operational Integrations, KYOCERA AVX. “The asset transfer acquisition provides more than 20 patents for key positioning, navigating, and timing technologies as well as an accomplished staff and an advanced manufacturing facility with several crucial certifications and qualifications, all of which will further strengthen our presence in these essential markets.”
Bliley Technologies manufactures innovative low-noise crystal and oscillator products at its 64,000-square-foot, ISO 9001:2008 certified manufacturing facility in Erie, Pennsylvania, and is one of the only U.S.-based companies to manufacture both — from front end to final finishing — within the same facility. This fact enables close collaboration between Bliley’s highly experienced crystal oscillator and mechanical engineers and its production team and has resulted in the development of some of the most successful solutions available in the global frequency control industry, including its patented and currently unrivaled low-power oven-controlled crystal oscillator (OXCO) technology, which offers superior holdover performance compared to micro electromechanical systems (MEMS) and temperature-compensated crystal oscillators (TXCO) at a fraction of the power budget
KYOCERA AVX Components Corporation will continue to manufacture Bliley products, including OCXOs, TCXOs, and voltage-controlled crystal oscillators (VCXOs); high-precision AT-, SC-, IT-, and FC-cut crystals; and quartz and lead zirconate titanate (PZT), lithium niobate, langatate, and yttrium calcium oxoborate (YCOB) transducer blanks and will also design and develop new products based on Bliley IP. Engineered for use in demanding, high-stakes applications within the new space, satellite communications, aerospace, avionics, military and defense, mobile communications, 5G cellular and telecommunications, smart and autonomous vehicles, and commercial drone markets, these innovative products:
Effectively suppress phase noise.
Ruggedly withstand random and micro vibrations.
Reliably endure low-gravity environments.
Maintain superlative frequency stability.
Endure fast and wide temperature variations, and more.
“The Bliley Technologies team is happy to become a part of KYOCERA AVX and is looking forward to leveraging our relative strengths and experience to accomplish many of the same goals that we’ve been pursuing as Bliley as KYOCERA AVX Components Corporation,” said Keith Szewczyk, CEO and Director, Bliley Technologies. “Bliley has earned a global reputation for research and development, quality, and reliability, and our purpose has always been to inspire and enable our customers’ innovations, allowing them to achieve more than they ever thought possible. The KYOCERA AVX team shares this commitment and, together, we will continue to develop novel crystal products that redefine possibilities.”
Bliley Technologies is certified to ASD9100 Rev D and ISO 9001, J-STD-001 Class 3, IPC-A-610, IPC-7711, and IPC-7721. The company is also qualified to MIL-PRF-55310 and compliant with International Traffic in Arms Regulations (ITAR), REACH and RoHS directives, and MIL-STD-883B, MIL-STD-202, and MIL-O-55310 environmental and qualification testing standards.
