FALCON MINERALS 22 March 2016
By e-lodgement
- ROBO 3D to launch into 45 USA retail stores of Staples in May 2016
- Total annual sales for 2015 of almost US$3.47 million, c. 100% higher than 2014
Falcon Minerals Limited ("Falcon" or "Company") is pleased to announce that ROBO 3D, Inc ("ROBO 3D"), an emerging brand in the consumer segment of the 3D printing market, is preparing to launch its "R1+" 3D printer model into 45 retail stores of Staples, Inc ("Staples") at the beginning of May 2016.
Staples is one of the largest office supply chain stores in the world, with more than 2,000 stores (over 1,600 in North America) located in 26 countries generating over US$20 billion of revenue in 2015. This rollout heralds another significant milestone in ROBO 3D's short history, following on from the launch in October 2015 into 50 retail stores of Best Buy, the largest electronics retailer in the USA.
In collaboration with Staples, ROBO 3D has completed the design of an interactive end-of-aisle display for the retail store launch, showcasing the R1+ printer plus a range of filament and print kits.
End-of-aisle display for Staples:
ROBO 3D is excited by the potential of its relationship with Staples, and the benefits of associating with one of the seminal brand names in USA retail. The Company is continuing to grow its customer base and broaden its distribution and reach, and continues to explore opportunities with other
major retailers in the USA and internationally, in addition to driving commercial partnerships in a number of strategic industry verticals.
Braydon Moreno, Co-Founder of ROBO 3D commented: "What makes ROBO 3D unique and what has attracted consumers is the quality of our products, the price-point and feature set of our machines, and our ability to bring an entirely new 3D experience to consumers with specialty materials, 3d printable content for sale, and do-it-yourself kits with hardware that use 3D printing in the process. We are bringing the excitement of 3D printing to mass consumers by actually showing them the many possibilities for creating."
According to Gartner, Inc.'s latest forecast, "3D printer shipments are forecast to more than double every year between 2016 and 2019, by which time worldwide shipments are expected to reach more than 5.6 million (units)." Source: Gartner 'Forecast: 3D Printers, Worldwide, 2015'
As previously announced on 3 December 2015, Falcon has agreed to acquire 51% of the share capital of ROBO 3D via the acquisition of 100% of the share capital of Albion 3D Investments Pty Ltd ("Albion 3D"), a holding company, subject to shareholder approval.
3D printing or additive manufacturing is a process of making three dimensional solid objects from a digital file, achieved using additive processes that lay down successive layers of material until the entire object is created. Each of these layers can be seen as a thinly sliced horizontal cross-section of the eventual object. Applications for 3D printing are many and varied but can include rapid prototyping, architectural scale models, healthcare (e.g. 3D printed prosthetics and printing with human tissue) and entertainment (e.g. film props), with increasing use for personal effects.
www.robo3D.com
Founded in 2012, ROBO 3D designs, manufactures and sells 3D printers and associated products to the desktop/consumer segment of the 3D printing industry. At the centre of ROBO 3D's product offering is its "plug and play" 3D printer, the "R1+" model, which has a number of compelling characteristics for its category. ROBO 3D has been selling its printers through major customers Amazon and Best Buy, the largest electronics retailer in North America, and has experienced strong year on year growth.
Albion 3D is an investment vehicle controlled by Tony Grist, a serial technology entrepreneur, who was co-founder and former Chairman of Amcom Telecommunications and following its A$1.2 billion merger, is now the Deputy Chairman of ASX 200 company Vocus Communications Limited (ASX: VOC). In 2015, ROBO 3D secured an agreement from Albion 3D to provide a USD$2.5 million investment into the company for a 51% equity stake.
On 3 December 2015, Falcon announced that it had reached agreement to acquire 100% of the share capital of Albion 3D, and as a result, would acquire the 51% stake in ROBO 3D, which is subject to shareholder approval and re-compliance of Chapter 1 and 2 of the ASX Listing Rules.
Upon re-listing, Falcon will change its name to i3D Technologies Limited and continue to focus on opportunities in the 3D space.
For further information, please contact:
Falcon Minerals Albion 3DRon Smit Ryan Legudi
Managing Director Director
www.falconminerals.com.au ryan@i3Dtechnologies.com.au
CAUTION REGARDING FORWARD LOOKING INFORMATION
This document contains forward looking statements concerning Falcon. Forward looking statements are not statements of historical fact and actual events and results may differ materially from those described in the forward looking statements as a result of a variety of risks, uncertainties and other factors. Forward looking statements are inherently subject to business, economic, competitive, political and social uncertainties and contingencies. Many factors could cause the Company's actual results to differ materially from those expressed or implied in any forward-looking information provided by the Company, or on behalf of, the Company. Such factors include, among other things, risks relating to additional funding requirements, development and operating risks, competition, regulatory restrictions, including potential intellectual property disputes. Forward looking statements in this document are based on Falcons beliefs, opinions and estimates of ROBO3D as of the dates the forward looking statements are made, and no obligation is assumed to update forward looking statements if these beliefs, opinions and estimates should change or to reflect other future development.
Falcon Minerals Limited issued this content on 22 March 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 22 March 2016 00:39:19 UTC
Original Document: http://www.falconminerals.com.au/images/falcon---oolielahda.pdf
