Shenzhen Weistek Announces Partnership with Puget Technologies

Agreement creates direct to consumer model for 3D technology through Weistek USA

SHENZHEN, China--()--Shenzhen Weistek Co., Ltd, leading developer and manufacturer of personal 3D printers and printing products and Puget Technologies (OTCBB: PUGE) today announced a strategic partnership for manufacturing, marketing, and distribution in the US market.

Shenzhen Weistek and Puget are establishing Weistek USA as the entity to market, sell and provide full customer support processes for Shenzhen Weistek products. Shenzhen Weistek also agrees to brand all of its products destined for delivery and distribution in the US under the brand Weistek USA. The companies plan to jointly collaborate on product development, manufacturing and marketing of the Weistek and IdeaWerk product line in the world’s largest consumer and “prosumer” market.

“Shenzhen Weistek welcomes the partnership with Puget Technologies as key to the expansion of our award winning products into the US market,” said Wenjuan Chen, President and CEO of Shenzhen Weistek. She added, “With Puget’s broad experience in building distribution channels and consumer brands, this corporate relationship is critical to our strategy for growing our international business to meet the exploding demand for personal 3D printers in the US.”

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. Additional information about Puget Technologies is found at http://www.pugettechinc.com.

About Shenzhen Weistek

Shenzhen Weistek Co., Ltd specializes in the development and manufacturing of high performance 3D printers and related products for the consumer market. Since its founding, Shenzhen Weistek has developed three generations of 3D printers with intellectual property rights and a variety of environmentally friendly 3D printing materials.

More information about Shenzhen Weistek can be found at http://www.weistek.net/

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipates," or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release only speaks as of the date of its distribution.

Contacts

Shenzhen Weistek Co., Ltd
Mrs. Andrea Shen, +86 180 3815 3537
Senior Brand Manager & Key Account Manager
Hours 9 am to 6 pm BST Beijing Standard Time

Release Summary

Shenzhen Weistek, leading manufacturer of 3D printers and products, and Puget Technologies (OTCBB: PUGE) announced a partnership for domestic manufacturing, marketing, and distribution.

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Contacts

Shenzhen Weistek Co., Ltd
Mrs. Andrea Shen, +86 180 3815 3537
Senior Brand Manager & Key Account Manager
Hours 9 am to 6 pm BST Beijing Standard Time