July 1, 2014
UK-based Ion Core Ltd, the maker of Zinter PRO 3D Printer has secured $10 million in funding from Hedge Fund Managers Jonathan Bailey and BJ Eastwood, for rapid expansion of production and sales into Europe and the United States.
Ion Core Ltd. has presented itself as a challenger to the publically listed competitors who currently dominate the market, such as MakerBot (a Stratasys subsidiary) and the Cube (by 3D Systems) 3D printers.
Investor Jonathan Bailey, a portfolio manager for 19 years was a partner and fund manager at the New York Hedge Fund - Omega Advisors and subsequently at US Hedge Fund Perry Capital in London, before launching his own Hedge Funds. BJ Eastwood was formerly of JP Morgan.
In a statement Mr. Bailey commented "the market for consumer 3D printers is growing and I believe that Ion Core's products, including the Zinter PRO Desktop 3D Printer, are the absolute best on the market today… having looked into the future planned offerings of all of the largest competitors to Ion Core, it is also clear to me that Ion Core will continue to produce the best products for the foreseeable future".
Ion Core Ltd was founded by James Marchant, Richard Dinan and Alexander Nall-Cain in early 2013. The company aims to make 3D Printers available to everyone; not only CAD fluent designers. In April 2014, Ion Core Ltd launched STEM Initiative to give UK teachers, schools, colleges and universities a chance to fundraise via their local community the cost of obtaining a Zinter PRO 3D Printer.
The Zinter PRO 3D Printer is a stylish device that features enclosed environment, heated build platform and two extruders. It also features Ion Core Simplify3D Software that gives users complete control over the placement of support material. Priced at £2,350 (£2.850 with VAT), the Zinter PRO has a build volume of 200mm x 200mm x 200mm and can print with ABS, PLA, Nylon, PVA, PC.
Technical Specification:
- Print Technology: Fused Filament Fabrication
- Build Volume: 200mm x 200mm x 200mm
- Heated Bed: Yes
- Filament Diameter: 1.75mm
- Number of Extruders: 2
- Nozzle Diameter: 2 x 0.4mm
- Print Materials: ABS, PLA, Nylon, PVA, PC
- Connectivity: Standalone SD card and USB cable
- Movement: Patented linear rails and carriages
- Chassis: Aluminium framework, stainless steel bands and plastic panelling
- Build Surface: Heat Glass
- CE Mark: Safety Tested and Approved
"This investment allows us to really push the boundaries of 3D printing and get ahead of the major competitors." Dinan says. "We already have some amazing new products coming out later this year that will totally change the way people can design and manufacture in their own home, without the need for third parties… Ion Core is now ready to bring our products to the global stage".
Posted in 3D Printing Company
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Good joke ;) Someone saw this printer ;)? Investor are idiots or what, they invested money on few people dreams :D
Wild Bill wrote at 7/1/2014 4:57:53 PM:
Especially as they are still showing rendered images of said printer.... What gives ?
njd wrote at 7/1/2014 4:30:12 PM:
People who buy apple products will. Jk. I am also wondering who would buy a FDM printer at this price point. Would it not be better to buy something more proven or professional? Also have to consider that at that price point, Resin printers might be a better buy.
Bri wrote at 7/1/2014 2:01:00 PM:
No one is going to F-ing buy a $4000 US printer!!!
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