Mar.25, 2014

OK International, manufacturer of bench tools, equipment and related products that are used in the electronics and industrial product assembly, announced it will co-develop a line of industrial 3D printers with Delta Micro Factory, subsidiary of Beijing-based 3D printing company TierTime Technology Co. Ltd., also known as PP3DP. The 3D printers are scheduled to be launched later this year.

OK International has closed on a minority investment and product development agreement with TierTime. Both companies will focus on developing innovative and industry leading products for the industrial and commercial manufacturing markets. Details were not disclosed.

The company will also launch a series of desktop 3D printer under the brand of Quant 3D in about 3 weeks. The Quant 3D brand will encompass both bench top and industrial 3D printers for prototyping and manufacturing applications.

"We are very excited about this investment in TierTime Technology, which represents OK International's entrance into this rapidly growing segment which some industry experts predict will grow 17% annually over the next several years" said Christopher Larocca, President of OK International. "TierTime is a technology leader in the 3D printing market and provides a strong platform for our 3D printing business. By leveraging our expertise in thermal management and material dispensing, we intend to develop and market abroad line of industrial printers across multiple 3D printing technologies."

OK International is a unit of Downers Grove, Ill.-based Dover Corp. Dover shares were up slightly in afternoon trading to a market value of about $13.75 billion.

 

Posted in 3D Printing Company

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