Company Overview and News
Adding interest, Robo’s shares were last trading at $0.14, up 40% from its issue price. The California-based company has positioned itself as an emerging player in the fast-growing desktop 3D printing industry. Robo has sold almost 11,000 units of its 3D printer models in over 70 countries since delivering its first model in 2013. The company has seen consistent revenue growth each year since inception, driven by strong market share in the U.
Falcon Minerals Ltd (ASX:FCN) has signed a revised agreement for the acquisition of 100% of the issued capital of Robo 3D, a U.S. based 3D printer manufacturer. The original proposed transaction was for the acquisition of 51% of Robo 3D. Founded in 2012, ROBO 3D designs, manufactures and sells desktop 3D printers and associated products to the consumer segment of the 3D printing industry. 3D printing or additive manufacturing is the process of creating three dimensional solid objects from a digital file.
Venture capitalist Anthony Grist has raised almost $10 million joining fellow board member and his private investment partner James Spenceley in selling down stakes in Vocus Communications to focus on the next generation of investments.
Falcon Minerals Ltd (ASX:FCN) has been granted a trading halt by the ASX this morning, pending an update on the acquisition of Albion 3D Investments Pty Ltd. The halt will remain in place until the opening of trade on Wednesday 4th May 2016, or earlier if an announcement is made to the market.
Falcon Minerals Ltd, (ASX:FCN) which is transitioning into the 3D printer manufacturer with a recent acquisition of ROBO 3D, Inc., has signed a key agreement to launch into 45 U.S. retail stores of Staples, (NASDAQ:SPLS). The rollout into Staples, one of the world’s largest office supply chain stores, is another win for ROBO 3D, following the launch in October 2015 into 50 retail stores of Best Buy (NYSE:BBY).
Falcon Minerals (ASX:FCN) continues to benefit from the acquisition of 51% of U.S. based 3D printer company ROBO 3D after it announced best monthly sales of about US$0.75 million in December 2015. Falcon entered into a binding agreement to acquire 51% ownership of Robo 3D, Inc via the acquisition of all of the issued shares in Albion 3D Investments Pty Ltd. ROBO 3D is a recipient of the surge in demand for 3D printers in the desktop and consumer market as well as print speed, resolution and largest print areas of its printers.
Unexpected headwinds forced FTI management to significantly lower its guidance for 2016, leading to a dramatic drop in shares over the past few months.CEO Steve
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