Nano Dimension (NASDAQ: NNDM) is rocketing in the market this morning, gaining more than 40% early on. The gains come after the company announced that it has reached a major sales milestone. Here’s what’s going on:
NNDM Stock Heads Up On Sales Milestone
In a press release issued early this morning, Nano Dimension announced that it has reached a major sales milestone. In the release, the company said that it has sold more than 50 DragonFly systems worldwide since the launch of its commercial sales in the fourth quarter of 2017.
Recently, NNDM said that it has made two important sales to leading customers in Europe. One of these customers is a government authority of one of the tech-leading countries in the European defense sector. The second sale was made to a leading technology corporation.
All told, the company has sold 51 DragonFly systems to leading copanies around the world. Sectors including defense, tech, electronics and research have shown particular interest in the company’s products.
These sales have come from three main geographies around the world. These include the United States EMEA and Asia-Pacific regions.
In a statement, Amit Dror, CEO at NNDM, had the following to offer:
We are excited to announce the sale of our 50th DragonFly system for additive manufacturing of electronics. Nano Dimension started with a breakthrough idea to change the way the electronics are made and to offer new solutions to develop innovative smart products. I’m proud that our dream has become a reality, as our global customers from various industries validate our unique technology by adopting our solutions and using them to develop and manufacture never-seen-before applications. We celebrate this important milestone as we continue to focus on increasing our global reach and our customer base.
This News Is Huge!
At the end of the day, 51 systems sold may not sound like a very big deal. However, in the high-end 3D printing space, this news is huge. Here’s why:
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