Page 1

NANODIMENSION Electrifying Additive Manufacturing Nano Dimension's Revenue Increased by 107 % in 9 Months and by 206 % in 3 Months Ended 09/30/2021 , Compared to 09/30/2020 ; 65 % Increase Over Q2 / 2021 With CEO Letter to Shareholders and Conference call to be held today at 9:00 a.m. EST Sunrise , Florida , November 24 , 2021 ( GLOBE NEWSWIRE ) - Nano Dimension Ltd. ( " Nano Dimension " or the " Company " ) ( Nasdaq : NNDM ) , an industry - leader in Additively Manufactured Electronics ( AME ) , Printed Electronics ( PE ) , and Micro Additive Manufacturing ( Micro - AM ) , today announced financial results for the third quarter ended September 30 , 2021 . Nano Dimension reported revenues of $ 1,340,000 and $ 2,962,000 for the third quarter and nine - month periods ended September 30 , 2021 , respectively , compared to revenues of $ 438,000 and $ 1,428,000 for the third quarter and nine month periods ended September 30 , 2020 , respectively . The Company ended the quarter with a cash and deposits balance of $ 1,385,391,000 ( including short - term unrestricted bank deposits ) . Total operating loss for the third quarter was $ 24,507,000 ( including approximately $ 12,521,000 of non - cash share - based compensation plus depreciation and amortization expenses ) . CEO MESSAGE TO SHAREHOLDERS : Mr. Y oav Stern , Chairman and Chief Executive Officer of Nano Dimension , commented : " Our revenue for the nine months ended September 30 , 2021 , was up by more than 107 % compared to the same period in 2020 , with an increase of 65 % in quarter - over - quarter ( compared to the second quarter of 2021 ) . While this is a substantial early indication of the build - up of our sales and marketing network , as I've mentioned before , these results are not necessarily a comprehensive attestation of the status of the company . Our business is positively affected by sporadic yet repetitive adjustments of the relevant industrial communities toward a ' living with Covid - 19 mentality . ' Encouraging as they are , our revenue numbers are still too small in absolute magnitude to derive any meaningful conclusions . More important is the introduction of our new DragonFly IV system , combined with the efficiency - enhancing FLIGHT Software package . Both were introduced last week at the strategically important Productronica trade show in Munich , Germany , which resumed after a two - year hiatus resulting from the Covid - 19 shutdowns . DragonFly IV is a unique and innovative , first - to - market Dielectric & Conductive - Materials Additive Manufacturing System for the fabrication of High - Performance Electronic Devices ( Hi - PEDs® ) by depositing layers of proprietary materials simultaneously , while concurrently integrating in - situ capacitors , antennas , coils , transformers , and electro - mechanical components . DragonFly IV delivers improved accuracy of traces , spacing , and vias , improved high end printed circuit board ( PCB ) quality and the ability to design and produce 3D Hi - PEDs® in a one - step production process . New capabilities include integration with Nano Dimension's new FLIGHT software , integration of 3D elements in PCB , 3D designed Hi - PEDs® , support of HDI level elements , 75µm traces ; 100µm spacing ; 150μm via , enhanced print quality , yield optimization with predictable conductivity and low thickness variation < 5 % . 1