WALTHAM, Mass. - Nano Dimension Ltd . (NASDAQ:NNDM), a prominent provider of 3D printing solutions, announced today a strategic partnership with Esko-Graphics BV and Fiery, LLC to deliver a comprehensive digital print solution to inkjet manufacturers. This collaboration is set to streamline the workflow for Industry 4.0 smart printing by integrating workflow automation, prepress, color management, and job management solutions with advanced print control systems.
The alliance aims to address the rapid digital transformation within the print industry, where Nano Dimension's inkjet technology is considered to be a significant enabler. Straits Research has valued the global inkjet printing market at $93.10 billion in 2022, with projections to reach $192.40 billion by 2031. The growth is attributed to the demand for complete end-to-end solutions, which this partnership seeks to fulfill.
Executives from the collaborating companies have expressed their enthusiasm for the joint venture. Joël Depernet, President of Esko, emphasized the combined effort to offer a best-in-class solution for digital printing. Toby Weiss, CEO of Fiery, remarked on the pivotal moment of convergence in expertise to redefine digital printing's possibilities. Steve Williamson, General Manager of Nano Dimension's GIS Product Group, highlighted the milestone for their market-leading technology in opening up new opportunities.
Nano Dimension's CEO, Yoav Stern, also commented on the collaboration's alignment with their vision for the future of digital industries. The partnership is expected to contribute to the transformation of manufacturing into Industry 4.0 solutions that convert digital designs into end products on demand.
The company's strategy involves applying deep learning-based AI to enhance manufacturing capabilities through self-improving systems and managing a distributed manufacturing network via the cloud. Nano Dimension serves a diverse range of industries, including aerospace, defense, automotive, medical technology, and academia, offering rapid prototyping and high-mix-low-volume production with a focus on environmental friendliness and economic efficiency.
This news is based on a press release statement, and it reflects Nano Dimension's current expectations, subject to risks and uncertainties that could cause actual results to differ materially.
InvestingPro Insights
Nano Dimension Ltd.'s strategic partnership announcement comes at a time when the company's financial health and market performance are of particular interest to investors. With a focus on 3D printing technology, a sector that's rapidly evolving and expanding, the financial metrics provided by InvestingPro offer valuable insights into the company's current standing and future prospects.
According to recent data from InvestingPro, Nano Dimension boasts a Market Cap of approximately $584.41 million, reflecting investor confidence and market valuation of the company. Despite the challenges common in the high-tech manufacturing sector, Nano Dimension maintains a strong liquidity position, with more cash than debt on its balance sheet, which is a reassuring sign for stakeholders considering the company's long-term growth potential.
The company's aggressive approach to share buybacks, as noted in one of the InvestingPro Tips, suggests a management belief in the company's undervalued stock and a commitment to enhancing shareholder value. Additionally, Nano Dimension's revenue has witnessed a notable growth of 29.06% over the last twelve months as of Q1 2023, indicating a robust upward trajectory in sales performance.
However, potential investors should be aware of the company's current non-profitability over the last twelve months, coupled with a P/E Ratio (Adjusted) of -7.7, which signals a need for cautious optimism as the company strives towards profitability. Analysts predict that Nano Dimension will turn profitable this year, which could signal a pivotal point for the company's financial health. Furthermore, with a high shareholder yield, Nano Dimension is demonstrating its capacity to return value to its investors, a critical consideration for long-term investment strategies.
For those interested in a deeper dive into Nano Dimension's financials and strategic positioning, InvestingPro offers additional metrics and tips. With the use of coupon code PRONEWS24, readers can get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, providing access to a total of 11 InvestingPro Tips that could further inform investment decisions related to Nano Dimension.
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