{"id":771170,"date":"2023-07-20T05:22:06","date_gmt":"2023-07-20T09:22:06","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/nano-dimension-expands-on-intentions-regarding-stratasys-board-changes\/"},"modified":"2023-07-20T05:22:06","modified_gmt":"2023-07-20T09:22:06","slug":"nano-dimension-expands-on-intentions-regarding-stratasys-board-changes","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/nano-dimension-expands-on-intentions-regarding-stratasys-board-changes\/","title":{"rendered":"Nano Dimension Expands on Intentions Regarding Stratasys Board Changes"},"content":{"rendered":"
\n

\n Nano Dimension Put Forward <\/em>
\n
\n Highly Qualified, Vested Nominees<\/em>
\n <\/strong>
\n
\n Given the <\/em>
\n
\n Urgent Need to<\/em>
\n <\/strong>
\n
\n Prevent Further Value Destruction<\/em>
\n <\/strong>\n <\/p>\n

\n Fully <\/em>
\n
\n Recognizes Importance of <\/em>
\n <\/strong>
\n
\n Majority <\/em>
\n <\/strong>
\n
\n Board Independence<\/em>
\n <\/strong>
\n and <\/em>
\n
\n Intends to Bring on Independent Directors<\/em>
\n <\/strong>
\n
\n for the Long Term<\/em>
\n <\/strong>\n <\/p>\n

\n To Learn More About Nano\u2019s Vision for Stratasys <\/em>
\n and How to Vote, Please <\/em>
\n Visit<\/em>
\n
\n
\n www.StratasysValueNow.com<\/em>
\n <\/strong>
\n <\/a>\n <\/p>\n

\n Waltham, Mass., July 20, 2023 (GLOBE NEWSWIRE) — Nano Dimension Ltd.<\/strong> (Nasdaq: NNDM<\/strong>, \u201cNano Dimension\u201d, \u201cNano\u201d or the \u201cCompany\u201d), a leading supplier of A<\/strong>dditively M<\/strong>anufactured E<\/strong>lectronics (\u201cAME\u201d) and multi-dimensional polymer, metal & ceramic A<\/strong>dditive M<\/strong>anufacturing (\u201cAM\u201d) 3D printers, which owns approximately 14.1% of Stratasys\u2019 (Nasdaq: SSYS) (\u201cStratasys\u201d), today expanded on its intentions regarding the composition of the Stratasys Board of Directors (\u201cBoard\u201d).<\/p>\n

Nano Dimension, by necessity, is acting <\/u><\/strong>with urgency to <\/u><\/strong>initiate the <\/u><\/strong>replace<\/u><\/strong>ment of<\/u><\/strong> Stratasys<\/u><\/strong>\u2019<\/u><\/strong> directors in the interest of all shareholders<\/u><\/strong>. As a result, Nano nominated <\/u><\/strong>seven<\/u><\/strong> highly qualified directors with extensive track records of value creation<\/u><\/strong>. As Nano has detailed previously, all of its nominees have previously served as CEOs or in \u201cC-suite\u201d positions, through which they have created demonstrable increases in long-term shareholder value. Almost all of Nano\u2019s candidates have multiple decades of global business experience in technology, finance, M&A and operations in manufacturing and related sectors.<\/p>\n

While Nano had asked the court to allow Stratasys shareholders to pick and choose across nominees from both companies, Stratasys has chosen to take that option away from its shareholders, forcing its shareholders to select a full slate. Nano fully recognizes th<\/u><\/strong>at <\/u><\/strong>the <\/u><\/strong>Board should be <\/u><\/strong>comprised of a majority of <\/u><\/strong>independent<\/u><\/strong> directors<\/u><\/strong> and, following a successful replacement of the current Stratasys\u2019 directors with Nano\u2019s director nominees, intends to take steps to appoint independent directors to represent Stratasys shareholders\u2019 interests for the long term, at which time Nano Dimension\u2019s nominees would cycle off the Board such that a majority of the Board would be independent over time.<\/p>\n

Nano Dimension\u2019s director nominees are intended as an interim but urgently needed solution to prevent further value destruction by the<\/u><\/strong> current<\/u><\/strong> Stratasys Board<\/u><\/strong>.<\/p>\n

Nano Dimension urges Stratasys shareholders to vote \u201cFOR<\/u><\/strong>\u201d the nominees proposed by Nano Dimension at Stratasys\u2019 Annual General Meeting to be held on August 8<\/u>th<\/u><\/sup>, 2023<\/u>, in order to replace the majority of the current Stratasys Board.<\/p>\n

Votes for Stratasys\u2019 2023 Annual General Meeting must be received by 11:59 p.m., Eastern time, on Monday, August 7<\/u><\/strong>th<\/u><\/strong><\/sup>, 2023<\/u><\/strong>,<\/u><\/strong> for record shareholders or voting instruction form for Street Holders, online at www.proxyvote.com<\/a> or by phone. If you are a record shareholder and send in your proxy card directly to Stratasys\u2019 registered Israeli office, it must be received at least four hours prior to the appointed time for the Meeting (i.e., 11:00 a.m., Israel time, on Tuesday, August 8th<\/sup>).<\/p>\n

\n
\n FOR INFORMATION ON VOTING <\/u>
\n <\/strong>
\n
\n FOR STRATASYS\u2019 2023 ANNUAL <\/u>
\n <\/strong>
\n
\n GENERAL <\/u>
\n <\/strong>
\n
\n MEETING<\/u>
\n <\/strong>
\n
\n , CALL INNISFREE M&A INCORPORATED TOLL-FREE AT (800) 422-8620 (US AND CANADA) OR (412) 232-3561 (ALL OTHER COUNTRIES)<\/u>
\n <\/strong>\n <\/p>\n

\n LEARN MORE ABOUT NANO DIMENSION, ITS STRATEGY AND VISION, INCULDING ITS SPECIAL TENDER OFFER FOR STRATASYS AT\u00a0<\/strong>
\n
\n WWW.STRATASYSVALUENOW.COM<\/strong>
\n <\/a>\n <\/p>\n

\n FOR INFORMATION ON HOW TO TENDER STRATASYS SHARES, <\/strong>
\n
\n CALL GEORGESON, THE INFORMATION AGENT FOR THE SPECIAL TENDER OFFER, TOLL-FREE AT<\/u>
\n <\/strong>
\n
\n
\n (877) 668-1646<\/u>
\n <\/strong>\n <\/p>\n

\n Important Information About the Special Tender Offer<\/strong><\/p>\n

This press release is for informational purposes only and is neither an offer to purchase nor a solicitation of an offer to sell any ordinary shares of Stratasys or any other securities, nor is it a substitute for the tender offer materials described herein. A tender offer statement on Schedule TO, including an offer to purchase, a related letter of transmittal and other tender offer documents, was filed with the SEC by Nano Dimension on May 25, 2023, as subsequently amended and supplemented. Stratasys filed with the SEC a solicitation\/recommendation statement on Schedule 14D-9, as required by the tender offer rules, on May 30, 2023, as subsequently amended.<\/p>\n

INVESTORS AND SECURITY HOLDERS ARE URGED TO CAREFULLY READ BOTH THE TENDER OFFER MATERIALS (INCLUDING THE OFFER TO PURCHASE, RELATED LETTER OF TRANSMITTAL AND CERTAIN OTHER TENDER OFFER DOCUMENTS) AND THE SOLICITATION\/RECOMMENDATION STATEMENT ON SCHEDULE 14D-9 REGARDING THE OFFER, AS THEY MAY\u00a0BE AMENDED FROM TIME TO TIME, BECAUSE THEY CONTAIN AND WILL CONTAIN IMPORTANT INFORMATION THAT INVESTORS AND SECURITY HOLDERS SHOULD CONSIDER BEFORE MAKING ANY DECISION REGARDING TENDERING THEIR SECURITIES.<\/p>\n

Investors and security holders may obtain a free copy of the offer to purchase, the related letter of transmittal, certain other tender offer documents and the solicitation\/recommendation Statement and other documents filed with the SEC at the website maintained by the SEC at\u00a0www.sec.gov<\/a>\u00a0or by directing such requests to Georgeson LLC, the information agent for the tender offer, named in the tender offer statement. In addition, Stratasys files annual reports, interim financial statements and other information, and Nano Dimension files annual reports, interim financial statements and other information with the SEC, which are available to the public at the SEC\u2019s website at\u00a0www.sec.gov<\/a>. Copies of the documents filed with the SEC by Stratasys may be obtained at no charge on the investor relations page\u00a0of Stratasys\u2019 website at\u00a0www.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\u2019s website at\u00a0www.nano-di.com<\/a>.<\/p>\n

\n
\n About Nano Dimension<\/em>
\n <\/strong>\n <\/p>\n

\n Nano Dimension\u2019s (Nasdaq: NNDM) vision is to transform existing electronics and mechanical manufacturing into Industry 4.0 environmentally friendly & economically efficient precision additive electronics and manufacturing \u2013 by delivering solutions that convert digital designs to electronic or mechanical devices – on demand, anytime, <\/em>
\n anywhere.<\/em>\n <\/p>\n

\n Nano Dimension\u2019s strategy is driven by the application of deep <\/em>
\n learning-based<\/em>
\n AI to drive improvements in manufacturing capabilities by using self-learning & self-improving systems, along with the management of a distributed manufacturing network via the cloud.<\/em>\n <\/p>\n

\n Nano Dimension serves over 2,000 customers across vertical target markets such as aerospace & defense, advanced automotive, high-tech industrial, specialty medical technology, R&<\/em>
\n D<\/em>
\n and academia.\u00a0The company designs and makes\u00a0Additive Electronics and Additive Manufacturing 3D printing machines and consumable materials. Additive Electronics are manufacturing machines that enable the design and development of High-Performance-Electronic-Devices (Hi-PED\u00aes). Additive Manufacturing includes manufacturing solutions for production of metal, ceramic, and specialty <\/em>
\n polymers-based<\/em>
\n applications – from millimeters to several centimeters in size with micron precision.<\/em>\n <\/p>\n

\n Through the integration of its portfolio of products, Nano Dimension is offering the advantages of rapid prototyping, high-mix-low-volume production, IP security, minimal environmental footprint, and design-for-manufacturing capabilities, which is all unleashed with the limitless possibilities of additive manufacturing.<\/em>\n <\/p>\n

\n For more information, please visit<\/em>
\n \u00a0<\/em>
\n
\n www.nano-di.com<\/em>
\n <\/a>
\n .<\/em>\n <\/p>\n

\n Forward Looking Statements<\/strong>\n <\/p>\n

This press release contains forward-looking statements within the meaning of the \u201csafe harbor\u201d provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as \u201cexpects,\u201d \u201canticipates,\u201d \u201cintends,\u201d \u201cplans,\u201d \u201cbelieves,\u201d \u201cseeks,\u201d \u201cestimates,\u201d and similar expressions or variations of such words are intended to identify forward-looking statements. For example, Nano Dimension is using forward-looking statements in this press release when it discusses its intention to replace the current Board of Stratasys with its own nominees, its plans for Stratasys upon the successful replacement of its current Board and its plans to appoint independent directors to the Stratasys Board over time. Because such statements deal with future events and are based on Nano Dimension\u2019s current expectations, they are subject to various risks and uncertainties. Actual results, performance, or achievements of Nano Dimension could differ materially from those described in or implied by the statements in this press release. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading \u201cRisk Factors\u201d in Nano Dimension\u2019s annual report on Form 20-F filed with the Securities and Exchange Commission (\u201cSEC\u201d) on March 30, 2023, and in any subsequent filings with the SEC. Except as otherwise required by law, Nano Dimension undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Nano Dimension is not responsible for the contents of third-party websites.<\/p>\n

\n NANO DIMENSION INVESTOR RELATIONS CONTACT<\/strong>\n <\/p>\n

Investor Relations | ir@nano-di.com<\/a><\/p>\n

\n NANO DIMENSION MEDIA CONTACT<\/strong>\n <\/p>\n

Kal Goldberg \/ Bryan Locke \/ Kelsey Markovich | NanoDimension@fgsglobal.com<\/a><\/p>\n<\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Nano Dimension Put Forward Highly Qualified, Vested Nominees Given the Urgent Need to Prevent Further Value Destruction Fully Recognizes Importance of Majority Board Independence and Intends to Bring on Independent Directors for the Long Term To Learn More About Nano\u2019s Vision for Stratasys and How to Vote, Please Visit www.StratasysValueNow.com Waltham, Mass., July 20, 2023 (GLOBE NEWSWIRE) — Nano Dimension Ltd. (Nasdaq: NNDM, \u201cNano Dimension\u201d, \u201cNano\u201d or the \u201cCompany\u201d), a leading supplier of Additively Manufactured Electronics (\u201cAME\u201d) and multi-dimensional polymer, metal & ceramic Additive Manufacturing (\u201cAM\u201d) 3D printers, which owns approximately 14.1% of Stratasys\u2019 (Nasdaq: SSYS) (\u201cStratasys\u201d), today expanded on its intentions regarding the composition of the Stratasys Board of Directors (\u201cBoard\u201d). Nano Dimension, by necessity, is acting with urgency … <\/p>\n

Continue reading “Nano Dimension Expands on Intentions Regarding Stratasys Board Changes”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-771170","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nNano Dimension Expands on Intentions Regarding Stratasys Board Changes - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/nano-dimension-expands-on-intentions-regarding-stratasys-board-changes\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nano Dimension Expands on Intentions Regarding Stratasys Board Changes - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Nano Dimension Put Forward Highly Qualified, Vested Nominees Given the Urgent Need to Prevent Further Value Destruction Fully Recognizes Importance of Majority Board Independence and Intends to Bring on Independent Directors for the Long Term To Learn More About Nano\u2019s Vision for Stratasys and How to Vote, Please Visit www.StratasysValueNow.com Waltham, Mass., July 20, 2023 (GLOBE NEWSWIRE) — Nano Dimension Ltd. (Nasdaq: NNDM, \u201cNano Dimension\u201d, \u201cNano\u201d or the \u201cCompany\u201d), a leading supplier of Additively Manufactured Electronics (\u201cAME\u201d) and multi-dimensional polymer, metal & ceramic Additive Manufacturing (\u201cAM\u201d) 3D printers, which owns approximately 14.1% of Stratasys\u2019 (Nasdaq: SSYS) (\u201cStratasys\u201d), today expanded on its intentions regarding the composition of the Stratasys Board of Directors (\u201cBoard\u201d). 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(Nasdaq: NNDM, \u201cNano Dimension\u201d, \u201cNano\u201d or the \u201cCompany\u201d), a leading supplier of Additively Manufactured Electronics (\u201cAME\u201d) and multi-dimensional polymer, metal & ceramic Additive Manufacturing (\u201cAM\u201d) 3D printers, which owns approximately 14.1% of Stratasys\u2019 (Nasdaq: SSYS) (\u201cStratasys\u201d), today expanded on its intentions regarding the composition of the Stratasys Board of Directors (\u201cBoard\u201d). Nano Dimension, by necessity, is acting with urgency … Continue reading \"Nano Dimension Expands on Intentions Regarding Stratasys Board Changes\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/nano-dimension-expands-on-intentions-regarding-stratasys-board-changes\/","og_site_name":"Market Newsdesk","article_published_time":"2023-07-20T09:22:06+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODg3Nzg0NSM1NzAxMzM0IzUwMDA0ODk0NA==","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nano-dimension-expands-on-intentions-regarding-stratasys-board-changes\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nano-dimension-expands-on-intentions-regarding-stratasys-board-changes\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Nano Dimension Expands on Intentions Regarding Stratasys Board Changes","datePublished":"2023-07-20T09:22:06+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nano-dimension-expands-on-intentions-regarding-stratasys-board-changes\/"},"wordCount":1400,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nano-dimension-expands-on-intentions-regarding-stratasys-board-changes\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODg3Nzg0NSM1NzAxMzM0IzUwMDA0ODk0NA==","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/nano-dimension-expands-on-intentions-regarding-stratasys-board-changes\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/nano-dimension-expands-on-intentions-regarding-stratasys-board-changes\/","name":"Nano Dimension Expands on Intentions Regarding Stratasys Board Changes - 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