NESS ZIONA, Israel- June 15, 2017 - Nano Dimension Ltd., a leader in the field of 3D printed electronics (NASDAQ, TASE: NNDM), announced today that its wholly owned subsidiary, Nano Dimension Technologies Ltd., has received a budget from the Israel Innovation Authority which will be used to finance a project to develop 3D ceramic materials, that can be used in inkjet technology, thus allowing the printing of low density and high thickness objects for space applications. The total approved budget for this project is NIS 585,000 (approximately $165,000), of which the Israel Innovation Authority will finance 30%. The terms of the grant provide that we will pay royalties on future sales up to the full grant amount.
This unique project is done in collaboration with Semplastics LLC, a leading supplier of engineered components for a broad range of industries, mainly semi-conductors. Nano Dimension and Semplastics have entered into a non-binding letter of intent with respect to the collaboration. This project will focus on the utilization of Semplastics’ novel ceramic material precursors using Nano Dimension’s unique 3D inkjet printing technology in order to build 3D high-thickness and low-density ceramic objects for aerospace applications.
The mechanical strength and thermal resistance properties of the ceramic materials make them a crucial element used for a variety of needs in the aerospace industry. The technologies available today to create ceramic elements are expensive, time and energy consuming from the design stage until final assembly, and do not support the creation of complex structures.
3D printing of high-resolution ceramic materials has the potential to allow the creation of complex geometrical shapes, thus allowing rapid and cheaper production of small batches of designated ceramic objects, used in the aerospace industry. A novel ceramic material, developed by Semplastics and used in prototype space applications in cooperation with NASA, will be 3D printed for this project. A modified resin will be developed for the Nano-Dimension 3D printer during this project, resulting in a light-weight yet highly mechanically stable object.
"We are very excited to collaborate with Nano Dimension on this innovative project", said Bill Easter, CEO of Semplastics. "Building on our successful work with NASA, we see this work opening up even more applications for our unique ceramic materials."