Desktop Metal, a subsidiary of Nano Dimension Ltd., has filed for bankruptcy protection under Chapter 11 due to significant liabilities and liquidity needs. The decision was made by Desktop Metal’s independent Board of Directors to address issues resulting from prior management decisions. Nano Dimension’s CEO, Ofir Baharav, emphasized the company’s financial strength and commitment to pursuing strategic opportunities. Nano Dimension focuses on Digital Manufacturing technologies for industries like defense, aerospace, automotive, electronics, and medical devices. The company aims to enable rapid production with IP security and sustainable practices. For more information, visit https://www.nano-di.com/.

Read more at GlobeNewswire: Nano Dimension Statement Regarding Desktop Metal Bankruptcy