The Alpha hedge fund has become a stakeholder and holds 6.1% of the company’s share capital
Massive
+3.55%
Base:1,690
opening:1,690
Tall:1,838
low:1,657
change:5,176,113
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In doing so, it joins two major institutional entities – the Migdal Insurance Company and the Moore Investment House – that are massively interested.
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Yesterday, Massive reported its first penetration into the defense market, through a strategic partnership agreement with Knafit to install a massive 10,000 printer.
The Massive, Massive 10,000 printer has not yet been officially launched (only in 2022) but the company is pulling in the early sale of the printers. Wing’s order is the 14th in the number for the printer. It plans to deliver all orders by the second half of 2022.
The printer operates on Cast In Motion technology, designed to make parts from composite materials, and can be used to print molds, production aids and large-scale models, which will be used by industrial companies for production.
The company’s reports for the third quarter showed the quantitative sales of its printers increased from 3 in the corresponding quarter last year to 6 in the reporting period. Thus, revenues also doubled (103%) from $ 1.15 million (NIS 4 million) to $ 2.34 million (NIS 17.5 million).
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