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.

View full RBO profile View Profile

Robo 3D Ltd Timeline

Newswire
June 13 2017

Related Articles

ShareRoot imagery
November 12 2018
The consumer data security provider is aiming to grow revenue and reduce spending in the coming year.
1543288499_shutterstock_760467970.jpg
November 27 2018
Covata provides software solutions that enable continuous identification, classification and secure management of unstructured data.
Mergers and acquisitions drawing of a big fish eating a small fish
November 01 2018
The company was named one of the world’s Top 50 Developers of 2018 by business-to-business publication PocketGamer.biz.

© Proactive Investors 2018

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