Beta programme targets achieved

Nano Dimension rounded off Q217 with the delivery of four printers to its final batch of beta site customers, bringing the total to 16. It has met its stated goal of completing the beta test phase in mid-2017 and is scheduled to commence early commercial sales in Q317. This keeps it on track to deliver a total of 50 printers during the year, around 35 to commercial customers. We leave our estimates unchanged; only adjusting our EPADS estimates to reflect the dilutive impact of the two equity placings completed during June.