Nano Dimension sells first Admaflex130 Evolution to KIT

Nano Dimension, a leading supplier of additively manufactured electronics (AME) and multi-dimensional polymer, metal, and ceramic 3D printers, has delivered the company’s Admaflex130 Evolution – the first of its next-generation high-precision ceramics and metal fabrication systems – to the Karlsruhe Institute of Technology (KIT), in Germany, one of the leading technical universities in Europe.

This sale is proof of the benefit of Nano Dimension’s merger and acquisition program – with the sale coming from Admatec Europe B.V., the newest group to join Nano Dimension. The relationship with KIT deepens the company’s customer relationships with the world’s leading academic institutions.

A growing business

KIT is among the largest and most notable German institutes of technology, with its research covering many areas within engineering and natural sciences. The Admaflex130 Evolution will be used by the Institute of Photonics and Quantum Electronics (IPQ) at KIT – which is striving to deliver cutting-edge research in fields ranging from hybrid photonic integrated circuits, additive 3D nanofabrication, optical metrology, and sensing, to optical communications and signal processing.

Nano Dimension’s Admaflex130 Evolution is a leading machine in manufacturing high-precision ceramics and metal applications. With the benefit of its Digital Light Processing-based technology, the 3D printer is ideal for research and development, and the 24/7 digital serial production of functional parts requiring complex geometries, high resolution, fine details, and smooth surfaces.

“We are excited to have the Admaflex130 Evolution in our labs. For the packaging of integrated photonic circuits, we need submounts for our assemblies that offer highest shape fidelity along with low thermal expansion and good long-term stability. To achieve this, we need leading technologies to advance our work, and this is exactly what the Nano Dimension system can do. We look forward to using it in our daily work,” said Pascal Maier, a researcher at KIT.

“We appreciate the opportunity to enable the advanced work of the Karlsruhe Institute of Technology, and specifically the Institute of Photonics and Quantum Electronics. Given Nano Dimension’s focus on multi-material, high-precision additive manufacturing, we are confident that our solution in the Admaflex130 Evolution will enable progress in their research, which is clearly intended to drive advancements in society,” said Ziki Peled, President of Nano Dimension EMEA.

FY 2022 at +336%

Nano Dimension has also recently previewed its financial results for the fourth quarter – ended December 31st, 2022 – and full year – ended December 31st, 2022.

On a preliminary basis, Nano Dimension reported unaudited approximated consolidated revenues of $12.1 million for the fourth quarter, and $43.6 million for the full year. Unaudited consolidated cash and deposit balances as of the same date were approximately $1,030,000,000.

The above information reflects preliminary estimates with respect to certain results of Nano Dimension for the full year – ended December 31st, 2022 – based on currently available information. Because the audit for 2022 is in the early stages, Nano Dimension’s final results may vary from the preliminary estimates.

In the 4th quarter of 2022, Nano Dimension generated the highest quarterly revenue in the company’s history – 61% above Q4/2021 and 21% above Q3/2022. In the full year 2022, Nano Dimension also generated the highest annual revenue in the company’s history – 316% above 2021 and over 1,180% above 2020.

Nano Dimension will release its full financial results for the fourth quarter and full year before the Nasdaq Stock Market opens on Thursday, March 30th, 2023.