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Nano Dimension Statement Regarding Desktop Metal Bankruptcy and Strategic Decision Not to Acquire Assets
Globenewswire· 2025-07-28 21:28
Core Viewpoint - Desktop Metal, a subsidiary of Nano Dimension, has filed for Chapter 11 bankruptcy protection due to significant liabilities and liquidity issues stemming from prior management decisions [1][2]. Company Summary - Nano Dimension is a leader in Digital Manufacturing solutions, focusing on advanced technologies for industries such as defense, aerospace, automotive, electronics, and medical devices [3]. - The company aims to leverage strong trends in onshoring, national security, and product customization to enhance its market position [3]. Strategic Actions - The decision to file for bankruptcy was made by Desktop Metal's independent Board of Directors after exploring strategic alternatives to address financial challenges [2]. - Nano Dimension's CEO emphasized the importance of maintaining financial strength to pursue strategic opportunities effectively [3].
Nano Dimension Strengthens Board with Technology and Growth Experts to Accelerate Global Manufacturing Platform Expansion
Globenewswire· 2025-06-11 12:00
Core Insights - Nano Dimension Ltd. has appointed Andy Sriubas and Eileen Tanghal to its Board of Directors, marking a significant transition as the company moves from M&A integration to scaling its technology platform globally [1][2] Group 1: Board Appointments - The appointments are seen as crucial for guiding the company's next phase, focusing on delivering value to shareholders [2] - Andy Sriubas has extensive experience in commercial strategy and digital transformation, previously serving as chief commercial officer at OUTFRONT Media and has over two decades in investment banking [2][3] - Eileen Tanghal, co-founder of Black Opal Ventures, has a strong background in evaluating and scaling technologies, with previous roles at In-Q-Tel and ARM [3][4] Group 2: Strategic Focus - The company is at a pivotal point in its growth, emphasizing commercialization in the digital manufacturing market [4] - Both new board members bring complementary strengths: Sriubas in commercializing platforms and Tanghal in identifying transformative technologies [4] - The management team, along with a broad array of patents and technologies, positions the company for success in addressing global manufacturing challenges [4][5] Group 3: Industry Context - Nano Dimension operates in advanced digital manufacturing, catering to sectors such as defense, aerospace, automotive, electronics, and medical devices [5] - The company is driven by trends in onshoring, national security, and increasing product customization, enabling rapid deployment of high-mix, low-volume production [5]
Nano Dimension to Host Q1 2025 Financial Results Conference Call
Globenewswire· 2025-06-10 12:00
Core Viewpoint - Nano Dimension Ltd. is set to discuss its Q1 2025 financial results in a conference call and webcast scheduled for June 12, 2025 [1]. Group 1: Company Overview - Nano Dimension is a leader in Digital Manufacturing solutions, focusing on advanced technologies for various industries including defense, aerospace, automotive, electronics, and medical devices [3]. - The company is driven by trends in onshoring, national security, and increasing product customization, enabling rapid deployment of high-mix, low-volume production with IP security and sustainable practices [3]. Group 2: Event Details - The conference call will take place on June 12, 2025, at 4:30 pm EST, with participants advised to log in at least 10 minutes prior to the call [2][4]. - A replay of the webcast will be available shortly after the conclusion of the call [2].