Nano Dimension, Hensoldt Invest $6M In 3D Electronic Printing Joint Venture - Nano Dimension (NASDAQ:NNDM)

3D-Printed Electronics provider Nano Dimension Ltd NNDM collaborated with defense and security electronics and sensor solutions provider Hensoldt AG HAGHY in a $6 million joint venture entity named J.A.M.E.S. GmbH (Jetted Additively Manufactures Electronics Sources or J.A.M.E.S.).
The JV aims to develop the most advanced technology in 3D printing.
Hensoldt unit Hensoldt Ventures will lead the joint venture.
Taufkirchen, Germany-based J.A.M.E.S., will combine the strengths of both companies and further advance the development of 3D-printed electronic components.
J.A.M.E.S. will also house an operating fabrication laboratory to experiment and support designs and technologies.
Nano Dimension Chair and CEO will serve as the Chair for J.A.M.E.S.
Price action: NNDM shares traded lower by 3.58% at $7.95 on the last check Thursday.