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IDTechEx Discusses the Long-Term Trends Shaping Additive Manufacturing

Retrieved on: 
Wednesday, February 7, 2024

BOSTON, Feb. 7, 2024 /PRNewswire/ -- Ten years ago, the 3D printing landscape was in the midst of its first big boom. With the 2009 expiration of a key Stratasys patent that covered thermoplastic filament extrusion technology, desktop filament printers were taking off, buoyed by new disrupters like Makerbot. The general public was being introduced to the possibilities of 3D printing through countless eye-popping headlines that speculated on 3D printing's application in everything from toys to phones to organs.

Key Points: 
  • The company landscape in additive manufacturing has also transformed, with prior players merging or exiting and new players consistently emerging.
  • IDTechEx explores this question in their latest report, " 3D Printing and Additive Manufacturing 2024-2034: Technology and Market Outlook ", and presents some of those trends below.
  • Increased incorporation of AI-driven software into 3D printing supply chains will help to reduce other waste-generating elements of additive manufacturing, such as supports and prints with defects.
  • For the full portfolio of 3D Printing research available from IDTechEx, please visit www.IDTechEx.com/Research/3D .

IDTechEx Discusses the Long-Term Trends Shaping Additive Manufacturing

Retrieved on: 
Wednesday, February 7, 2024

BOSTON, Feb. 7, 2024 /PRNewswire/ -- Ten years ago, the 3D printing landscape was in the midst of its first big boom. With the 2009 expiration of a key Stratasys patent that covered thermoplastic filament extrusion technology, desktop filament printers were taking off, buoyed by new disrupters like Makerbot. The general public was being introduced to the possibilities of 3D printing through countless eye-popping headlines that speculated on 3D printing's application in everything from toys to phones to organs.

Key Points: 
  • The company landscape in additive manufacturing has also transformed, with prior players merging or exiting and new players consistently emerging.
  • IDTechEx explores this question in their latest report, " 3D Printing and Additive Manufacturing 2024-2034: Technology and Market Outlook ", and presents some of those trends below.
  • Increased incorporation of AI-driven software into 3D printing supply chains will help to reduce other waste-generating elements of additive manufacturing, such as supports and prints with defects.
  • For the full portfolio of 3D Printing research available from IDTechEx, please visit www.IDTechEx.com/Research/3D .

Bantam Tools New ArtFrame Art System Brings AI Art to Life at Whitney Museum of American Art Harold Cohen Exhibition - February 3 through May 2024

Retrieved on: 
Thursday, January 25, 2024

NEW YORK, Jan. 25, 2024 /PRNewswire-PRWeb/ -- The new exhibit Harold Cohen: AARON, opening at the Whitney Museum of American Art on February 3, 2024, examines the historical foundations of AI artmaking and provides a deep exploration of creativity, authorship, and collaboration in the context of AI. The machines making the AI-generated art for the exhibit are the Bantam Tools ArtFrame system, a new product created for the Whitney exhibit by Bantam Tools. The Bantam Tools ArtFrame is an extensible art machine system with modular tool heads for artists to create physical art from digital designs with traditional materials. The exhibit is open to the public February 3 through May 2024 and more information is available at whitney.org.

Key Points: 
  • The machines making the AI-generated art for the exhibit are the Bantam Tools ArtFrame system, a new product created for the Whitney exhibit by Bantam Tools.
  • The ArtFrame Art Machine System that is part of the Harold Cohen: AARON exhibit at the Whitney Museum of American Art, is just one of the new machines that Bantam Tools is launching in 2024.
  • To learn more about the Bantam Tools ArtFrame Art System and Bantam Tools NextDraw, drawing machine, visit bantamtools.com .
  • Harold Cohen: AARON is organized by Christiane Paul, curator of Digital Art, with David Lisbon, curatorial assistant of the Whitney Museum of American Art, with ArtFrame plotters provided by Bantam Tools.

Orca Security Appoints Oded Edri as Chief Financial Officer

Retrieved on: 
Thursday, October 5, 2023

Orca Security , the pioneer of agentless cloud security, today announced the appointment of two key executives to its leadership team.

Key Points: 
  • Orca Security , the pioneer of agentless cloud security, today announced the appointment of two key executives to its leadership team.
  • Oded Edri joins the company as chief financial officer, effective Nov. 1, 2023.
  • “I am extremely excited for Oded to join the team as we continue our focus on building Orca Security as a lifetime company and an enduring cloud security market leader,” said Gil Geron, co-founder and CEO at Orca Security.
  • Prior to joining Orca Security, he was chief accounting officer at Payoneer (NASDAQ: PAYO), a global financial technology company, where he was instrumental in leading the company through its initial public offering.

Nano Dimension Issues Presentation Highlighting the Need to Replace the Stratasys Board and Detailing Nano’s Value-Driven Path Forward for Stratasys

Retrieved on: 
Wednesday, July 26, 2023

Highlights from the presentation include:

Key Points: 
  • Highlights from the presentation include:
    Stratasys’ Board has been responsible for significant value destruction and has fundamentally breached its fiduciary duty to maximize shareholder value.
  • Over the last ten years, Stratasys has substantially lagged other benchmarks – poor performance overseen by four of Stratasys’ eight current Board members.
  • As Stratasys’ largest shareholder, Nano will seek to halt the value-destructive transaction with Desktop Metal and initiate a strategic review to identify the best path forward for Stratasys.
  • Copies of the documents filed with the SEC by Nano Dimension may be obtained at no charge on the investor relations page of Nano Dimension’s website at www.nano-di.com .

Nano Dimension Sets the Record Straight for Stratasys Shareholders

Retrieved on: 
Tuesday, July 25, 2023

The Stratasys Board has demonstrated a blatant disregard for shareholders’ interests and resistance to change.

Key Points: 
  • The Stratasys Board has demonstrated a blatant disregard for shareholders’ interests and resistance to change.
  • These actions demonstrate a lack of strategic foresight and a failure to prioritize long-term value creation for the company and its shareholders.
  • Copies of the documents filed with the SEC by Stratasys may be obtained at no charge on the investor relations page of Stratasys’ website at www.stratasys.com.
  • Copies of the documents filed with the SEC by Nano Dimension may be obtained at no charge on the investor relations page of Nano Dimension’s website at www.nano-di.com .

Nano Dimension Reminds Stratasys Shareholders of the Performance of Directors Who are on Stratasys Board for 12-15 years On Average VOTE AGAINST THEM!

Retrieved on: 
Tuesday, July 18, 2023

Waltham, Mass., July 18, 2023 (GLOBE NEWSWIRE) --  Nano Dimension Ltd. (Nasdaq: NNDM, “Nano Dimension”, “Nano” or the “Company”), a leading supplier of Additively Manufactured Electronics (“AME”) and multi-dimensional polymer, metal & ceramic Additive Manufacturing (“AM”) 3D printers, which owns approximately 14.1% of Stratasys’ (Nasdaq: SSYS) (“Stratasys”) outstanding ordinary shares, encourages Stratasys shareholders to replace their entrenched Board with Nano Dimension’s director nominees through their upcoming vote at Stratasys’ August 8th, 2023 Annual General Meeting (“AGM”).

Key Points: 
  • The Stratasys Board of Directors (the “Board”) have checkered personal backgrounds as well as a warped command of corporate governance.
  • Average tenure of 15 years on the Board is a clear base for questionable, sustained judgement and abundance of personal biases.
  • Nano is calling for a replacement of the Stratasys Board’s members in order to re-align Stratasys’ governance with the interest of shareholders.
  • Seroussi hid the information from the bank’s board of directors and from the Bank of Israel, colluding with the CEO.

Nano Dimension Encourages Stratasys Shareholders to Replace Entrenched Board and Highlights Problematic Track Records of Stratasys Directors

Retrieved on: 
Monday, July 17, 2023

The Stratasys Board of Directors (the “Board”) have checkered personal backgrounds as well as a warped command of corporate governance.

Key Points: 
  • The Stratasys Board of Directors (the “Board”) have checkered personal backgrounds as well as a warped command of corporate governance.
  • Nano is calling for a replacement of the Stratasys Board’s members in order to re-align Stratasys’ governance with the interest of shareholders.
  • The new board will focus on enabling the present competing bids to increase shareholder value PREVENTING the present Board of Directors from blocking two alternatives for Stratasys’ Shareholders.
  • Presently, two Stratasys directors, Dov Ofer and David Reis, sit on the board of Scodix Ltd.

Nano Dimension Reaffirms $18 Per Share All-Cash Tender Offer for Stratasys Shareholders to Receive Near-Term Value by Tendering Their Shares

Retrieved on: 
Tuesday, June 13, 2023

Nano Dimension is offering a straightforward plan to deliver value:

Key Points: 
  • Nano Dimension is offering a straightforward plan to deliver value:
    Delivers IMMEDIATE $18 cash value to Stratasys shareholders.
  • Nano has approximately $1 billion in cash and cash equivalents on hand to complete the special tender offer, which is not subject to Nano shareholder approval.
  • The board of directors of Nano has full authority to effect the tender offer as confirmed by the Israeli courts.
  • Over the last few days, Stratasys’ institutional and other shareholders have already filed lawsuits against this Board

Nano Dimension Highlights Advantages of Its $18.00 Cash Per Share Special Tender Offer for Stratasys vs. Other Alternatives

Retrieved on: 
Thursday, June 8, 2023

On May 25, 2023, Nano Dimension commenced a Special Tender Offer to purchase between 38.8% and 40.8% of the outstanding ordinary shares of Stratasys for $18.00 per share in cash.

Key Points: 
  • On May 25, 2023, Nano Dimension commenced a Special Tender Offer to purchase between 38.8% and 40.8% of the outstanding ordinary shares of Stratasys for $18.00 per share in cash.
  • The presentation is summarized below:
    The Company’s $18.00 per share special tender offer delivers certain, near-term premium, all-cash value to Stratasys shareholders.
  • The Company has cash and cash equivalents on hand totaling approximately $1 billion to complete the special tender offer.
  • Nano Dimension has filed with the SEC a tender offer statement on Schedule TO, including an offer to purchase, which provides the terms and conditions of the special tender offer.