Sign up Australia
Proactive Investors - Run By Investors For Investors

Robo 3D shares rise on imminent shipment of new 3D printer

Full production is now underway after a comprehensive testing process.
Robo 3D shares rise on imminent shipment of new 3D printer
The printer has the potential to be a disruptive force in 3D printing

Robo 3D (ASX:RBO) has received over A$800,000 in pre-orders for the first shipment of its Robo R2 wifi 3D printers ahead of their delivery this month.

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.

Foxconn is a major electronics manufacturing company with clients including international electronics and information technology companies Apple, Amazon, Sony and Nintendo.

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.





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

picture of trading screens
November 30 2017
Tavistock’s optimism is based on the surge of money into its seven discretionary funds that trade under the Acumen brand.
shutterstock_302650592_58dc0a99d5fca.jpg
March 30 2017
This week the firm has bolstered its coffers to the tune of over $20mln via a now closed bought deal financing.
UUV-Aquabotix_Hybrid-and-Endura-pic-757.jpg
June 19 2017
Brendan Martin talked underwater drone technology and commercialisation.

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