Falcon Minerals (ASX:FCN) shares were trading as much as 74% higher today with news the polymetallic explorer was moving into the 3D printing business.
Falcon stock was last trading 39.1% higher at A$0.032, which represents a 191% increase over the past three months.
Trading today has coincided with confirmation that Falcon would acquire Albion3D Investments, which controls Robo3D, a fast growing U.S.-based company that designs and markets a range of consumer-focused products in the emerging 3D printing industry.
Blue chip corporate end users associated with NASA, Intel and Qualcomm validate Robo3D’s technical capability, with sales distribution via pre-eminent retailers such as Amazon and Best Buy in the U.S.
Robo3D is experiencing strong growth across its business, generating revenue of approximately US$1.9 million in the nine months to September 2015, compared to approximately US$0.9 million over the corresponding nine month period in 2014.
Albion 3D is an investment vehicle controlled by Tony Grist, co-founder and former Chairman of Amcom Telecommunications and following its A$1.2 billion merger.
Grist is now Deputy Chairman of ASX 200 company Vocus Communications (ASX:VOC).
With completion of the Albion acquisition, Falcon is expected to change its name to i3D Technologies Limited.
Whilst the desktop/consumer printer segment is growing rapidly, there is no clear dominant brand.
As a result, investor activity is high; MakerBot a competitor to Robo3D, was acquired by Stratasys for US$600 million.
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Falcon Minerals soars on 3D printing acquisition
Last updated: 17:01 03 Dec 2015 AEDT, First published: 16:01 03 Dec 2015 AEDT