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 the formation of a strategic partnership with Shenzhen Weistek for manufacturing, marketing, and distribution of 3D technology in the United States.
Puget Technologies and Shenzhen Weistek will collaborate through Puget Technologies’ newly formed subsidiary, Weistek USA. According to the terms of the agreement, the companies will jointly collaborate on product development, manufacturing, and marketing of Shenzhen Weistek products, including the award-winning IdeaWerk high-performance 3D printer, to consumers and “prosumers” in the United States. With the partnership, Shenzhen Weistek has also agreed to brand all of its products designated for delivery and distribution in the US under the brand Weistek USA.
The United States is said to be the world’s largest “consumer and prosumer market”. Puget Technologies notes that the partnership will strengthen marketing and selling efforts of high-quality 3D technology as well as well as provide full customer support processes.
“Trends like 3D printing and digital designs for physical objects are creating a ‘new universe of creativity’ and transforming what consumers expect and need. I’m optimistic about Shenzhen Weistek and Puget working together to take on these exciting challenges,” said Ron Leyland, President and CEO of Puget Technologies. “By leveraging each other’s experience, we will deliver the highest standards in performance, reliability and service. Puget intends our Brand Ambassadors to be the first customers of the Weistek USA’s distribution of the IdeaWerk printers.”
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