Nano Dimension, a leading printing electronics company in the area of 3D printing (TASE: NNDM, OTCQX: NNDMY), announced today that Nano Dimension Technologies, a fully owned subsidiary of Nano Dimension, has received grant approval to support the Company's development of a 3D PCB printer from the Israeli Office of the Chief Scientist at the Ministry of Economy. The grant supports a development budget up to $1.13M.
This is the second consecutive year that the company has received funding from the Office of the Chief Scientist (OCS). This grant approval bears testimony to the company successfully meeting development targets set forth to-date.
The grant will support the Company's core R&D project, the development of a unique 3D printer designed to print multilayer electronic circuit boards (PCBs) for any product containing electronic circuits.
The Chief Scientist has approved a budget of up to $1.13M, where the contribution by the OCS to the R&D budget is 50% of expenditure.
Sharon Fima, Chief Technology Officer, commented: "We are proud of the confidence that the OCS has shown in the Company, which results from intense development activity and our meeting significant technological milestones. We continue to invest in advanced R&D, solidifying Nano Dimension as a leader in the field of 3D printed electronics."
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