FT. LAUDERDALE, Fla.--(BUSINESS WIRE)--
Puget Technologies (OTCBB:PUGE) is pleased to announce it has launched
a new division that will acquire existing companies in the rapidly
expanding 3D printing market, an area which The Economist calls the
"Third Industrial Revolution." Puget has begun discussions with several
potential acquisition candidates who have existing 3D printers or
provide required printing supplies and accessories.
President and CEO of Puget Technologies Ron Leyland said, "There is no
more exciting business to pursue right now than 3D printing. During the
next several years, 3D printers and their associated products will
literally change the world around us." He added, "In the not too distant
future, instead of shipping a physical item, retailers will simply
transfer ‘blueprints' straight to our 3D printers, resulting in instant
delivery of an almost endless number of goods."
A 3-D printer, which has nothing to do with paper printers, creates an
object by stacking one layer of material - typically plastic or metal -
on top of another; much the same way a pastry chef makes baklava with
sheets of phyllo dough.
The technology has been radically transformed from its origins as a tool
used by manufacturers and designers to build prototypes. 3D printing is
rapidly making the transition from manufacturing applications to
producing consumer goods and users are now constantly finding new
applications for the technology.
Puget's new 3D printing division will compete with industry stalwarts
such as 3D Systems Corporation (NYSE:DDD), Stratasys, Ltd. (NASDAQ:
SSYS), and new market entrant The ExOne Company (Nasdaq:XONE).
Puget Technologies has launched a completely revamped website providing
more information on its business segments at http://www.pugettechnic.com.
About Puget Technologies ( PUGE )
Puget Technologies is a publicly traded company on the OTCBB Market
stock exchange under the ticker symbol PUGE. Headquartered in Ft.
Lauderdale, Florida, Puget Technologies acquires, develops and sells
leading edge consumer oriented products ready for rapid
commercialization. Much of its resources are dedicated to research and
development in order to provide consumers with quality options while
meeting the expectations of its investors.
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Reform Act of 1995: This news release contains forward-looking
information 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, including statements that include the words
"believes," "expects," "anticipates," or similar expressions. Such
forward-looking statements involve known and unknown risks,
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speaks as of the date of its distribution.
Source: Puget Technologies