Nano Dimension Ltd. (Nasdaq: NNDM) (“Nano Dimension” 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 that Major General (Ret.)
Eitan Ben-Eliahu is joining its Board of Directors (the “Board”).
Major General (Ret.) Ben-Eliahu was born and
raised in Jerusalem, Israel. He is currently the President of
International Flight Academy (IFA), a board member of Gadfin Ltd.
and RoutePerfect Ltd., and Chairman of the College Academic Center
of Law & Business (ACLB). He is also a speaker and hosts an
educational program for policy and national defense at The Open
University of Tel Aviv, while similarly serving as a television
Expert Commenter on the same topic.
During his long business career until his
current appointments, Major General (Ret.) Ben-Eliahu served in
several leadership positions with LA East-West Ventures Capital
Fund, Sentry Technology Group, Cannbit Pharmaceutical Ltd., and
Aeronautics Ltd. (“Aeronautics”). In his time at Aeronautics, he
served as Executive Chairman and Aeronautics conducted an initial
public offering on the Tel Aviv Stock Exchange for over one billion
Israeli shekels.
Major General (Ret.) Ben-Eliahu served in the
Israeli Air Force (“IAF”) for 38 years. He was an F-4 Phantom
fighter pilot and Squadron Commander, including during the 1973 Yom
Kippur War, and the first F-15 Squadron Commander of the IAF. He
later was a Commander of the Procurement Department of the IAF,
Northern Base Commander, Deputy Commander of the IAF, and was
subsequently appointed in 1996 as Commander in Chief of the
Israeli Air Force, a position he held until retiring from
active service in 2000. During his exceptional career, he led air
combat operations in four major wars, as well as in other special
cross-border operations, collectively logging hundreds of sorties
behind enemy lines and many “kills” of enemy combat aircrafts.
Major General (Ret.) Ben-Eliahu is a graduate of
the Advanced Management Program (AMP) at
Harvard University. He holds a BA
in Economics and Business Administration from
Bar-Ilan University, and he completed his studies of
Strategy and International Relations at Tel Aviv
University.
Simon Fried, a co-founder of Nano Dimension,
will step down from his position as a director after over 10 years
with the Company. He will continue to serve as a special
advisor.
Dr. Yoav Nissan-Cohen, Chairman, and Yoav Stern,
CEO and member of the Board, of Nano Dimension issued a joint
statement: “We are honored to add Major General (Ret.) Eitan
Ben-Eliahu to our Board. His extensive experience combining 25
years of business leadership, including as chairman and board
member of public technology companies and venture capital firms
will enhance the quality of our leadership. We also expect that
Major General Ben-Eliahu’s experience in the defense industries,
which is our largest customer segment along with aerospace, will
contribute to Nano Dimension’s go-to-market plans.”
Major General (Ret.) Ben-Eliahu added: “I am
motivated and excited to join the Nano Dimension team. After
spending time with this leadership group, I was highly impressed
with the innovation capabilities stemming from the people,
products, and technology that are all part of the Company. With
regard to the people specifically, I feel we share business goals,
and, no less important, ethics. Furthermore, I am excited by the
mutual vision and degree of enthusiasm in developing Nano Dimension
by creating value for industry leading customers and generating
return on investment for sophisticated shareholders.”
Yoav Stern further commented: “Simon stepping
down is an emotional moment for Nano Dimension. I wish to
acknowledge his extensive contribution to the Company since 2015.
Firstly, as a co-founder and executive, and later a director. Since
I have joined the Company in 2020, Simon has been a contributor to
Nano itself but also to the very development of the 3D printing for
electronics industry. His experience as one of the original
pioneers will make his future involvement as our advisor even more
appreciated.”
About Nano Dimension
Nano Dimension’s (Nasdaq: NNDM) vision is to
transform existing electronics and mechanical manufacturing into
Industry 4.0 environmentally friendly & economically efficient
precision additive electronics and manufacturing – by delivering
solutions that convert digital designs to electronic or mechanical
devices - on demand, anytime, anywhere.
Nano Dimension’s strategy is driven by the
application of deep learning-based AI to drive improvements in
manufacturing capabilities by using self-learning &
self-improving systems, along with the management of a distributed
manufacturing network via the cloud.
Nano Dimension has served over 2,000 customers
across vertical target markets such as aerospace and defense,
advanced automotive, high-tech industrial, specialty medical
technology, R&D, and academia. The Company designs and makes
Additive Electronics and Additive Manufacturing 3D printing
machines and consumable materials. Additive Electronics are
manufacturing machines that enable the design and development of
High-Performance-Electronic-Devices (Hi-PED®s). Additive
Manufacturing includes manufacturing solutions for production of
metal, ceramic, and specialty polymers-based applications - from
millimeters to several centimeters in size with micron
precision.
Through the integration of its portfolio of
products, Nano Dimension is offering the advantages of rapid
prototyping, high-mix-low-volume production, IP security, minimal
environmental footprint, and design-for-manufacturing capabilities,
which is all unleashed with the limitless possibilities of additive
manufacturing.
For more information, please visit www.nano-di.com.
Forward Looking Statements
This press release contains forward-looking
statements within the meaning of the “safe harbor” provisions of
the Private Securities Litigation Reform Act of 1995 and other
Federal securities laws. 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. For example, Nano Dimension is using
forward-looking statements in this press release when it discusses
its belief that Major General Eliahu ’s appointment will enhance
the quality of its leadership and contribute to Nano Dimension’s
go-to-market plans; developing this business to create value for
industry leading customers and sophisticated shareholders; and Mr.
Fried’s future involvement with the Company as a special advisor.
Because such statements deal with future events and are based on
Nano Dimension’s current expectations, they are subject to various
risks and uncertainties. Actual results, performance, or
achievements of Nano Dimension could differ materially from those
described in or implied by the statements in this press release.
The forward-looking statements contained or implied in this press
release are subject to other risks and uncertainties, including
those discussed under the heading “Risk Factors” in Nano
Dimension’s annual report on Form 20-F filed with the Securities
and Exchange Commission (“SEC”) on March 21, 2024, and in any
subsequent filings with the SEC. 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. References and links to websites have been
provided as a convenience, and the information contained on such
websites is not incorporated by reference into this press release.
Nano Dimension is not responsible for the contents of third-party
websites.
NANO DIMENSION INVESTOR RELATIONS CONTACT
Investor Relations | ir@nano-di.com
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