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Robo 3D teams with major Canadian retailers to expand its footprint

Thursday, April 6, 2017 20:49
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(Before It's News)

Robo 3D (ASX:RBO) has reached an agreement with major retailers in Canada including Best Buy, Staples and Amazon Canada to supply its new Robo C2 and Robo R2 3D printers.

These sales partners collectively represent around 1,000 physical locations in Canada in addition to their strong online presence.

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 will also offer its complementary products in Canada, including filament and 3D project kits such as Robo’s “build-it-yourself” drone.

Robo 3D has also developed educational curriculum software that provides educators with lesson plans by using 3D printing.

Canada is one of the ten largest economies in the world and is a key strategic market for Robo 3D, given Canada’s high level of technology utilisation in schools and universities.

Last month, Robo 3D 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 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.

Worldwide 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.

Robo 3D is continuing to progress negotiations with many international distributors and resellers across numerous geographies, along with specialist partners in the education segment.

Story by ProactiveInvestors


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