FT. LAUDERDALE, Fla.--(BUSINESS WIRE)--Puget Technologies (OTCBB: PUGE) is pleased to announce it has launched a new division that will acquire existing companies in the rapidly expanding 3D printing market, an area which The Economist calls the “Third Industrial Revolution.” Puget has begun discussions with several potential acquisition candidates who have existing 3D printers or provide required printing supplies and accessories.
President and CEO of Puget Technologies Ron Leyland said, "There is no more exciting business to pursue right now than 3D printing. During the next several years, 3D printers and their associated products will literally change the world around us." He added, "In the not too distant future, instead of shipping a physical item, retailers will simply transfer ‘blueprints’ straight to our 3D printers, resulting in instant delivery of an almost endless number of goods.”
A 3-D printer, which has nothing to do with paper printers, creates an object by stacking one layer of material - typically plastic or metal - on top of another; much the same way a pastry chef makes baklava with sheets of phyllo dough.
The technology has been radically transformed from its origins as a tool used by manufacturers and designers to build prototypes. 3D printing is rapidly making the transition from manufacturing applications to producing consumer goods and users are now constantly finding new applications for the technology.
Puget’s new 3D printing division will compete with industry stalwarts such as 3D Systems Corporation (NYSE: DDD), Stratasys, Ltd. (NASDAQ: SSYS), and new market entrant The ExOne Company (Nasdaq: XONE).
Puget Technologies has launched a completely revamped website providing more information on its business segments at http://www.pugettechnic.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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