Nano Dimension Receives Notice of Allowance for Utility Patent Application

NESS ZIONA, Israel, Oct. 22, 2015 /PRNewswire/ -- Nano Dimension, a leading printing electronics company in the area of 3D printing (TASE: NNDM, OTCQX: NNDMY), announced today that Nano Dimension Technologies, a fully owned subsidiary, has received a notice of allowance for its Utility Patent Application related to a unique system for ink recycling and cooling of the printheads. The system was developed by the subsidiary and will allow unused ink to be conserved, thereby improving the efficiency of the printing process of the 3D printer.

Nano Dimension Technologies applied for this patent in February 2015. This is the second time that the subsidiary received a notice of allowance for a utility patent application within a year of the date of filing for the patent.

The system switches between three different modes: inkjet, cleaning and suction. The system, which is cooled either by a cooling liquid or air, supports an automatic switching between the modes, which allows the ink to maintain a certain temperature and avoid overheating.

The design of the system features a lid with narrow slots that are placed under the printheads during the inkjet process, in addition to a set of wider slots under the printheads that are adjustable during the cleaning process to provide easy access. In the suction mode, the printhead injects ink into a bath while a tube sucks the ink back into the main tank for reuse.

Amit Dror, CEO of Nano Dimension, commented: "The notice of allowance for our Utility Patent Application acknowledges this technological breakthrough and strengthens both our position in the market as well as our intellectual property portfolio. We are glad to receive this notice of allowance after such a short period of time following the filing date."

About Nano Dimension

Nano Dimension was founded in 2012 and focuses on the research and development of advanced 3D electronics printing, including a printer for printing PCBs (printed circuit boards), and the development of nanotechnology-based ink products, which are complementary products for 3D printers.

The company was established by four seasoned entrepreneurs - Sharon Fima, Amit Dror, Simon Fried and Dagi Ben-Noon whose backgrounds are in world-class digital print companies and technology companies.

Nano Dimension uses a unique, novel technology which combines three technologies: inkjet, 3D printing and advanced nanotechnology, enabling the use of conductive ink for printing the conductors on PCBs. By integrating innovative, groundbreaking technologies, Nano Dimension is developing a unique and innovative 3D printer, which is capable of printing multi-layer PCBs, and supplies conductive Nano-inks to other fields in the electronics market.

Nano Dimension trades on OTCQX® Best Market in the U.S and on the TASE in Israel. The Bank of New York Mellon serves as the depositary for Nano Dimension. U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for Nano Dimension on http://www.otcmarkets.com/stock/NNDMY.

This press release contains forward-looking statements. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" and similar expressions or variations of such words are intended to identify forward-looking statements. These statements are only predictions based on Nano Dimension's current expectations and projections about future events.

There are important factors that could cause Nano' Dimension's actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements. Those factors include, but are not limited to the impact of general economic conditions, competitive products, product development risk, product demand and market acceptance risks, reliance on key strategic alliances or fluctuations in operating results. Except as otherwise required by law, Nano Dimension undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

SOURCE Nano Dimension