Robo 3D (ASX: RBO)
After raising $6 million and listing on the ASX in December 2016, one 3D printing focused company already has a strong foothold in this industry and a growing reputation.
The California-based company is already one of the top 3 companies (in terms of current market share) developing 3D printers in the largest market globally: the US.
The company designs and distributes 3D printers and associated products for the desktop segment of the 3D printing industry and is heavily focused on the education market where global government initiatives are putting 3D technology in the hands of students to provide skills for the future.
This Ed-Tech market is expected to become a $252 billion market by 2020 and this company already has a substantial reach into the market following a distribution deal that could entrench it into the US education system.
The company is also focused on mass customisation for consumer markets and already has sales agreements with US retail giants including Best Buy, Staples and Amazon.
This company’s latest high performance 3D printer is being manufactured by Foxconn, the world’s leading contract manufacturer for consumer electronics (who also counts Apple as a client), with an initial capacity of 10,000 units annually.
Meanwhile, the company recently announced it has received over $800,000 in pre-orders for the product, which are expected to be delivered this month.
The information on this page should not be the only trigger for your investment decision. Click on the links below for a more in-depth and informed examination of the company. We strongly recommend you seek professional financial advice whenever making financial investment decisions.
The award winning company has an enormous amount of momentum behind it, as it quickly intensifies its reach – with an eye for Australian and Asian markets on top of its North American reach – whilst consistently increasing its revenues.