|To: Goose94 who wrote (24258)||6/2/2014 8:21:59 AM|
|Write up on Tinkerline Studios (TTD-V) Adds to Product Portfolio in Growing 3D Printing Industry|
It may have taken nearly three decades to get some real wind in its sails, but 3D printing, the process of using computer-aided design software and layering technologies to create three-dimensional objects, is finally rolling. The uses are virtually limitless, with analysts debating over where the largest market potential actually rests because of the multitude of potential applications from design work to potentially re-creating human organs. United Kingdom-based Dovetailed has even recently developed what it has dubbed the 3D Fruit Printer, a machine that uses molecular gastronomy to create pearl-like globules of different flavors that can be eaten.
The industry growth figures are forecasting rapid expansion in the business, including Wohlers Associates predicting the industry to reach $4 billion next year, $6 billion in 2018 and almost $11 billion in 2021.
In January, exploration company White Bear Resources Inc. embarked on a mission to join this growing industry, penning a letter of intent to acquire Tinkerline Studios Ltd., a Langley, British Columbia-based technology company established in 2012 to penetrate the consumer 3D printing industry. In March, the deal was done via a share exchange agreement, effectively making Tinkerline the operating subsidiary of White Bear. All of the directors and officers of White Bear, less John Veltheer, resigned and Tinkerline management took control. Subsequently, name and ticker changes happened, with White Bear now officially trading under the name Tinkerline Studios Ltd.
Tinkerline developed and launched its first 3D printer, called the Ditto, in the fall of 2012. Two new models followed in 2013, the Ditto+ and Litto, which have garnered numerous accolades. The company is building out its business model with a particular focus on what are called “prosumers,” a portmanteau mash of the words producer and consumer, meaning the market segment that blends professional-grade products at what would be considered consumer-level pricing.
The company kicked-off May with the launch of it newest product, branded DittoPro. DittoPro, which expected to begin shipping at the end of the month, offers professional-grade print speeds and resolution of 50 to 300 microns (0.05-0.3 mm). The unit has a retail price tag of $1,999 CAD ($1,899 USD), which some may argue isn’t exactly targeting the general consumer, but with its small countertop footprint and ability to print objects that are taller and deeper than competitors in a fast manner, the DittoPro is competitively priced. It should also not be considered that 3D printer marketing isn’t targeting the “consumer” in the traditional sense of a homeowner, although the target demographic is expansive, including educators, designers, engineers, architects and other professionals.
"DittoPro is a superbly-crafted 3D printer that meets all the requirements of the prosumer user and education markets," said Todd Blatt, Tinkerline’s Vice President, Market Direction, in a statement announcing the DittoPro. "Its elegance blends nicely into a classroom or on a desk, and its reliability and higher performance set it apart from the other leading machines in the market.”
On Wednesday, the company again expanded its product line with the launch of their 1.75mm Polylactic Acid (PLA) Candy and Spring filament series. The open-spool filaments come in 12 bright colors to complement the four standard colors of the company’s Timeless filament series.
The news of the new 3D print material shouldn’t be expected to be market moving – shares of TTD are actually down 1 percent at 40 cents – but the building of a complete product line is important in the overall development of the company. Positioned as the only pure play in 3D printing in the Canadian market and sporting a market capitalization of only $16.2 million, the direction of Tinkerline Studios in an industry predicted by many to undergo exponential growth in the next few years may certainly be worth investors’ attention. Proper due diligence is, as always, encouraged.
|RecommendKeepReplyMark as Last Read|
|From: ayeyou||6/2/2014 9:18:38 AM|
|Virtutone Announces Record Revenues of $14.9 Million for the Month of May|
Sherwood Park, Alberta / TNW-ACCESSWIRE / June 2nd , 2014 / Virtutone Networks Inc. ("Virtutone" or the "Company") (TSX Venture: VFX.V) is pleased to announce that the Company has generated over $14.9 million in revenue for the month of May.
"May was an incredible month for us with a growth of 30% over the month of April" said Jason Allen, Chief Executive Officer of Virtutone. "Our team has done an exceptional job in managing this growth over the past year"
We are please to announce the appointment of William (Bill) Woods, Virtuone's new Chief Financial Officer. Bill has over 15 year experience in CFO roles with various TSX and TSXV companies, in both the United States and Canada. "We would like to welcome Bill to the team" said Jason Allen, Chief Executive Officer of Virtutone. "We would also like to thank Sergio Valacco, for stepping in while we searched for our long-term CFO that will help take the company to the next level."
For further information please contact Jason Allen at 780-702-5777.
About Virtutone Networks Inc.
Virtutone Networks Inc. is a technology company based in Sherwood Park and is listed on the TSX Venture Exchange in Canada. The company is a leading supplier of managed telecommunication services, including: Voice over IP services, Fax over IP services, Hosted PBX services, DSL & T1 data circuits, wireless solutions for mobile work forces and SCADA networks, and network management and IT-related products. Additional information can be found on the company's website at www.virtutone.com.
This document may contain certain forward-looking information or statements ("Forward-looking statements") as defined under applicable securities legislation that involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance, prospects or opportunities to differ materially from those expressed in, or implied by, these forward-looking statements. These risks include, without limitation, risks related to: the termination, non-renewal of or default under of any current or new wholesale contracts; changes in the global economy; a failure to negotiate new customer contracts; changes in legislation or the interpretation thereof, particularly in the telecommunications industry. Forward-looking statements are any statements other than statements of historical fact. The use of any "plan" "expect " "project" "believe" "should" "anticipate" or other similar words or statements that certain events "may" or "will" occur are intended to identify forward-looking statements. In particular, forward-looking statements included in the press release include, without limitation, statements regarding: the impact of the new voice traffic contracts; timing and completion of the transition of new voice traffic; the sustainability of the new revenue stream; increased leverage with suppliers; additional deals currently being worked on and the impact thereof; and negotiations relating to potential new customers. The forward-looking-statements contained herein are based on certain assumptions including, without limitation, assumptions regarding: global economic conditions; changes in laws and regulations; the impact of Virtutone's new contracts; the market for wholesale telephony services; the maintenance of new and current wholesale contracts; and the ability to add new wholesale clients. Although management believes the expectations reflected in the forward-looking statements contained herein are reasonable, no assurances can be given that any of the events anticipated in forward-looking statements will occur, or, if they do, what benefits Virtutone will derive therefrom. As such readers are cautioned not to place undue reliance on forward-looking statements, which are effective only as of the date of this document or as of the date otherwise specifically indicated herein. Virtutone assumes no obligation to update forward-looking statements, except as required by applicable law. The historical revenue numbers for the new wholesale contracts do not represent estimates of future revenues to be received by the Company. As these contracts do not contain any minimum traffic requirements, revenue generated on such contracts will vary from month to month, and such variations may be material. The Company cannot provide any assurances as to the revenues to be generated by such contracts once the transition is complete.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Copyright (c) 2014 TheNewswire - All rights reserved.
Source: TheNewsWire (Jun 2, 2014 09:15:00 EDT)
News by QuoteMedia
|RecommendKeepReplyMark as Last ReadRead Replies (1)|