The company’s shares were last trading 12% higher intra-day on Thursday, at $0.075.
For the last few months, Robo 3D has been actively pre-selling the Robo R2 to customers including wholesale, retail and direct-to-consumer.
Foxconn Technology Group is Robo 3D’s production partner for the Robo R2 3D printer.
In conjunction with Foxconn, Robo has completed the design and installation of the new Robo R2 production line.
Full production is now underway after achieving the desired quality of the finished product and print performance.
Robo 3D is expected to deliver Robo R2 printers to customers during May 2017.
With its accessible price point, Robo R2 is a compelling value proposition that has the potential to be quite disruptive for the 3D printing industry.
The printer was awarded the “CES 2017 Best of Innovation Award” for the 3D printing category at the Consumer Electronics Show (CES) in Las Vegas, Nevada.
Worldwide shipments of desktop 3D printers are estimated to have almost doubled in 2016, to reach 455,772 units. The volumes are expected to increase to 6.7 million by 2020.
Robo 3D started trading on the ASX in December 2016, after successfully raising $6 million via a public offer at $0.10 per share.