Puget Technologies (OTCBB:PUGE), an emerging 3D printer and software
company for the consumer market, today provided the following comments
from its President and CEO Ron Leyland regarding recent 3D market
analysis and events.
Keith Kmetz, Vice President at International Data Corporation (IDC), the
premier global provider of market intelligence, reported, “While
traditional print technologies are facing maturity, 3D printers will see
worldwide unit shipments grow by 10 times over the forecast period, and
worldwide hardware value will more than double in the short term.” IDC’s
forecast period is between now and 2017.
In 2013, the 3D printing market experienced consolidation and
acquisition by the major players. This past year also saw unique
business models and subsequent competitors like Puget emerge. Coupled
with the fact that a number of patents controlling the process of laser
sintering are set to expire in 2014, fresh opportunities for the new
home 3D printer are on the horizon for this year.
Commenting on developments, President and CEO of Puget Technologies Ron
Leyland said, “We expect Puget could become more aggressive on joint
venture and partner opportunities to shore up its strategic position,
which could negatively pressure competitor’s momentum in the space. In
our opinion, there are a number of new market entrants in the 3D
software and consumables technologies market that make consolidation
less of a play in 2014.”
Puget’s 3D printing division, along with Stratasys (SSYS), 3D Systems
(DDD), and ExOne (XONE), is expected to benefit from investors'
expectations of solid announcements coming out of the Consumer
Electronics Show next week in Las Vegas, Nevada.
Details about Puget’s 3D printer division can be found at http://www.pugettechinc.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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Copyright Business Wire 2014