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Robo 3D expands its reach into the U.S. education sector
Robo 3D (ASX:RBO) has signed up with WYNIT Distribution to distribute 3D printers and software in the U.S., with a specific focus on the education sector.
Robo 3D is focused on the design and distribution of 3D printers and associated products for the desktop segment of the 3D printing industry.
The company has also developed software educational curriculum that provides educators with lesson plans by using 3D printing.
Robo 3D will be backed by WYNIT, a leading North American wholesale distributor of emerging technology and products that includes entry-level as well as professional-calibre 3D printers.
WYNIT has a large distribution reach in the education space, specifically with CDW LLC, Camcor Inc, and numerous other education-focused resellers.
3D printing is set to enhance the learning process in education through interactive visualisations and is transforming the learning process.
Robo 3D has already expanded into more than 20 new education districts throughout the U.S. and is continuing discussions with key education industry partners.
The company’s revenue for the 12 months ending December 2016 was US$3.7 million, up from US$3.2 million in 2015.
Robo 3D had A$5.4 million of cash at bank at the end of the December 2016 quarter.
Shipments of desktop 3D printers are estimated to have almost doubled in 2016 to reach 455,772 units. Unit volumes are expected to increase to 6.7 million by 2020.
Story by ProactiveInvestors
Source: http://www.proactiveinvestors.com/companies/news/174954/robo-3d-expands-its-reach-into-the-us-education-sector-174954.html
