Sep 17, 2015 | By Kira

Israel-based 3D printing technology group Nano Dimension will now be able to trade its American Depositary Receipts (ADRs) on the OTCQXmarket. Today’s announcement, which came from Open, Transparent and Connected (OTC) financial markets, will help the innovative high-tech company increase their trading and visibility with U.S. investors, potentially leading to increased revenue and funding for R&D.

Nano Dimension is best known for their achievements in nano-material inks for printing electronics, in particular multi-layer printed circuit boards (PCBs). Their Drangonfly 2020 3D system, expected to be released in 2016, uses conductive nano-inks, including silver nano-particle inks and insulation nano-polymer inks, in order to produce some of the most advanced PCBs the market has ever seen. With its high-speed capabilities, it is ideal for the rapid prototyping of complex PCB iterations.

Being approved to trade on the OTCQX market is no small feat. Operated by OTC Markets Group, the OTCQX distinguishes the most investor-focused U.S. and international companies traded in the U.S. OTC market. In order to qualify, companies are required to meet high qualitative and quantitative financial standards, be current in their reporting to a U.S. or foreign regulator, and be sponsored by a professional third-party advisor. International companies must also be listed on a qualified foreign stock exchange, such as the Tel Aviv Stock Exchange. With BNY Mellon serving as their advisor, Nano Dimenson happily qualifies for the exciting new position within the U.S. market. They begin trading today under the symbol “NNDMY,” with each ADR representing five ordinary shares.

“Trading on the OTCQX marks another milestone for our rapidly expanding company. The confidents that investors and early partners have shown in Nano Dimension and in our 3D printer as we move closer to the production sate is a testament to the product’s unique value proposition in the market,” said Nano Dimension CEO Amit Dror in a press release. R. Cromwell, president and CEO of OTC Markets Group echoed his enthusiasm: “Trading on OTCQX will help Nano Dimension optimize the trading of its securities in the U.S. and increase its exposure to U.S. retail and institutional investors. We look forward to supporting Nano Dimenions in its continued growth and success.”

In addition to Nano Dimension, four other Israel-based companies are currently cross-traded on OTCQX. In total, there are more than 400 companies from 20+ countries traded on the market, representing a combined market capitalization of $1.4 trillion.

 

 

Posted in 3D Printing Company

 

 

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