Puget Technologies, a company focused on acquiring, developing, and marketing consumer-oriented products, has entered into a memorandum of understanding (MOU) with Shenzhen Weistek, an international manufacturer of advanced 3D printers for the consumer market.
According to Wohlers Associates, a leading firm studying 3D printing and its market potential, global sales of 3D printing products and services is expected to hit $6 billion within four years.
The MOU with represents the first step of Puget’s strategy to enter the 3D printer market by offering affordable high-performance 3D printers and related production parts. Puget’s broader mission is to become a recognized market leader in each of the following key focus areas: personal 3D printers, 3D image library availability, and licensed image access.
“We are pleased to be entering this first phase of our strategy to meet the growing demand for consumer lines of 3D printers and associated products,” Ron Leyland, president and CEO of Puge, stated in the news release. “Still in its infancy, this market is poised to experience phenomenal growth with a healthy portion coming from the consumer and amateur segment.”
Weistek is currently exhibiting its 3D printing technology at the annual global electronics and consumer technology show, International CES in Las Vegas.
For more information, visit www.pugettechinc.com
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