Feb 18, 2018 | By Tess

Robo, a 3D printer manufacturer based in San Diego, California, has announced plans to expand its business to a number of Asian regions, including Hong Kong, Singapore, Malaysia, and, perhaps most significantly, China.

The company says the expansion is part of its overall plan to expand 3D printer sales and distribution to over 50 countries around the globe by mid-2018. Currently, the company has offices or representation in 40 countries across five continents.

In December 2016, the company marked a significant expansion when it became listed on the Australian Securities Exchange (ASX) and raised a significant sum (A$6M) from its IPO. Since then it has extended its reach into over thirty more countries.

On the recent expansion, Robo informed shareholders it had partnered with Xi’an Elite Robotics Co. Ltd., a tech supplier in Asia, to distribute its 3D printing equipment across China, Hong Kong, Singapore, and Malaysia. Xi’an Elite Robotics, which will become the first official distributor of Robo 3D printers, has such high profile clients as Stratasys and Formlabs under its belt.

By branching out into the Asian 3D printer market, Robo has its expectations set high and expects its revenue contribution from international markets to contribute to over 20 percent of total revenue in 2018.

Ultimately, it seems the company is hopeful that there is high demand for its 3D printers on the global market. Notably, the expansion means that clients within the aforementioned countries will be able to benefit from Robo’s customer service and support.

California-based Robo first became known in 2012 when it successfully funded its first 3D printer via Kickstarter, raising an astounding $650K to bring its Robo 3D printer to life.

Fast-forward four years and the company took Kickstarter by storm again with the release of its new and improved Robo C2 and Robo R2 smart 3D printers. Now, nearly three years after that, the company shows no signs of slowing down.



Posted in 3D Printer Company



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