Sindoh to Distribute 3D Systems Printers - Analyst Blog


3D Systems ( DDD ) inked a deal earlier this week with Sindoh, South Korea's leading 2D printer manufacturer, for the distribution of consumer 3D printers in South Korea. will distribute 3D Systems' Cube and CubeX consumer 3D printers. Nonetheless, the news hardly cheered investors' mood as 3D Systems' shares dropped 0.7% on Nov 6. 

Cube and CubeX consumer printers are affordable and are widely used across offices, classrooms and homes. Therefore, distributing these products in South Korean markets was an attractive option for Sindoh. Sindoh has about 500 reseller channels and decades of expertise in sales and services of office solutions.

Apart from distributing the Cube and CubeX printers, Sindoh also intends to develop its website so as to include 3D content and open 3D printing experience showrooms, primarily dedicated to introducing customers to 3D printing. While on the other hand, 3D Systems will benefit from increased geographical presence with a vast distribution network.  

3D Systems is a leading provider of 3D content-to-print solutions including 3D printers, print materials and on-demand custom parts services for professionals and consumers alike. In addition, the company also provides creative content development and design productivity tools. The company also provides software design tools including CAD, reverse engineering and inspection and consumer 3D printers, apps and services.

On Nov 4, 3D Systems announced that it plans to exhibit next-generation advanced manufacturing solutions at EuroMold 2013 in Frankfurt, Germany, between Dec 3 to 6 at the Frankfurt Messe. At this expo, the company intends to display its new range of professional ProJet3D printers. This new printer solution will include advanced features powered by new Geomagic Solutions design and inspection tools.

3D Systems currently holds a Zacks Rank #3 (Hold). Other companies in the industry which are worth considering at the moment are Electronics for Imaging, Inc . ( EFII ), Bottomline Technologies (de), Inc . ( EPAY ) and TransAct Technologies Inc. ( TACT ).  Electronics for Imaging and Bottomline Technologiescarry a Zacks Rank #1 (Strong Buy), while TransAct Technologies Incorporated has a Zacks Rank #2 (Buy).

3D SYSTEMS CORP (DDD): Free Stock Analysis Report

ELECTRN IMAGING (EFII): Free Stock Analysis Report

BOTTOMLINE TECH (EPAY): Free Stock Analysis Report

TRANSACT TECH (TACT): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

This article appears in: Investing , Business , Stocks

Referenced Stocks: DDD , EFII , EPAY , TACT

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