QualityStocks would like to highlight
Puget Technologies (
OTCQB: PUGE), an innovator of 3D printing technologies and products. The company aims to advance its portfolio and become a recognized leader in the lucrative 3D printing market, which is expected to top $8.4 billion in 2020 with a compound annual growth rate of 23%. 3D printing will revolutionize the way consumer goods are made, and Puget Technologies’ aims to capture its market share of the billowing industry by offering leading-edge, consumer-oriented personal 3D printers, 3D image library availability, and licensed image access.
In the company’s news,
Puget Technologies announced today that its CEO, Mr. Ron Leyland, and his team will be visiting the manufacturing facility of the award-winning international 3D printer manufacturer Shenzhen Weistek. During the visit, Mr. Leyland will be negotiating the details of the final agreement between Puget Technologies and Weistek, as well as discuss how the 3D printing industry is increasing cost-effectiveness and competitiveness across the globe.
Mr. Leyland said, “As 3D printing continues to move into the mainstream market, Puget Technologies anticipates taking a leadership position in the industry by delivering high performance, user-friendly, and affordable products to consumers.” Recently, the company executed a memorandum of understanding with the Chinese company with details for acquisition.
The visit to China is a follow-up to meetings between the two companies at the International Consumer Electronics Show (CES) in Las Vegas, the world’s largest technology event. There, Weistek was awarded the “Best Annual 3D Printer” award, which is a distinction given as a part of the event’s “2013 – 2014 Global Interconnection Devices Top 10” awards ceremony. More than 3,200 and an average of up to 150,000 participants are said to be a part of the show each year.
The memorandum of understanding was Puget Technologies’ first step forward in entering into the 3D printer market, a critical development in its plan to become an established market leader in different facets of that global marketplace.
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Forward-Looking Statement:
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.
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