Nano Dimension Expands APAC Market, Adds China’s Shandong Guohui to Reseller Network
NESS ZIONA, Israel, Aug 31, 2018 – As part of the company’s continuing growth and worldwide expansion, Nano Dimension Ltd., a leading additive electronics provider (NASDAQ, TASE: NNDM), announced that it is expanding its Asia Pacific market coverage, through its fully owned, newly established subsidiary, Nano Dimension (HK) Limited, by entering into a strategic cooperation agreement with Shandong Guohui Investment Co., Ltd. (“Shandong Guohui”), which is the provincial platform company owned by the Shandong Province State-owned Assets Supervision and Administration Commission, with registered capital of more than $4 billion.
This development complements other recent Nano Dimension milestones in the region, including the establishment of its regional headquarters in Hong Kong, the appointment of an additional reseller, and sales of its recently launched DragonFly Pro 3D Printer. The reseller, a leading Chinese state-owned enterprise, and Global Fortune 500 electronics company will be focusing on the government sector and is purchasing a DragonFly Pro 3D printer.
The announcement of Nano Dimension’s new strategic cooperation agreement highlights the company’s growing ability to serve the unique needs of customers in the region. The agreement also enhances the company’s regional coverage which currently includes China, Hong Kong, Taiwan, Korea and Singapore.
Nano Dimension and Shandong Guohui anticipate that their new cooperation will result in joint scientific work between Israel and APAC, in addition to bringing high-end Israeli talent to Shandong.
Nano Dimension (HK) will serve as a platform for Shandong Guohui’s project and affiliated companies to be connected to the world’s leading industries and most innovative technological resources. Shandong Guohui will also work with AURORA Group, Nano Dimension’s recently appointed reseller in China, to help promote sales and leases of the DragonFly Pro 3D Printer.
“Nano Dimension continues to deliver results in its two largest target markets – the United States and the Asia Pacific,” said Amit Dror, CEO of Nano Dimension. “As we expand our coverage in these key regions, we are witnessing increased interest in our DragonFly Pro 3D Printer, growing collaboration with our strategic partners, and positive feedback from our existing partners. Our Shandong cooperation will contribute to our ongoing marketing activities and will assist us in expanding our reach in China, while our new APAC headquarters and additional printer sales are the latest milestones in our long-term strategy.”
Mr. Yu Shaoming, Chairman of Shandong Guohui, expressed his optimism for future cooperation: “I’m totally confident that with the introduction of world’s leading technology, we will develop the additive manufacturing and electronics industry at a faster speed.”
About Nano Dimension
Nano Dimension (TASE: NNDM, NASDAQ: NNDM) is a leading additive electronics provider that is disrupting, reshaping, and defining the future of how cognitive connected products are made. With its unique 3D printing technologies, Nano Dimension is targeting the growing demand for electronic devices that require increasingly sophisticated features. Demand for circuitry, including PCBs – which are the heart of every electronic device – covers a diverse range of industries, including consumer electronics, medical devices, defense, aerospace, automotive, IoT and telecom. These sectors can all benefit greatly from Nano Dimension’s products and services for rapid prototyping and short-run manufacturing. For more information, visit www.nano-di.com.