Sign up Australia
Proactive Investors - Run By Investors For Investors

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

These sales partners represent around 1,000 locations in Canada.
Robo 3D teams with major Canadian retailers to expand its footprint
Robo 3D is also focusing on the education sector

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.





Register here to be notified of future RBO Company articles
View full RBO profile View Profile

Robo 3D Ltd Timeline

Newswire
June 13 2017

Related Articles

UUV-Aquabotix_Hybrid-and-Endura-pic-757.jpg
June 19 2017
Brendan Martin talked underwater drone technology and commercialisation.
picture of truck
October 25 2017
AMP acquired Billingtons from Drax for £2mln. Of that, £1.6mln is being paid in shares to give the power station operator just over a 4% stake
pioneering_tech_-__smart_burner_-_woman_hands_fire.png
May 18 2017
In 2016, Pioneering's market capitalization increased by 1,170% and its share price appreciated by 725%.

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2017

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use