Phenomenal rise in industry sales predicted
FT. LAUDERDALE, Fla. — (BUSINESS WIRE) — January 8, 2014 — Puget Technologies (OTCBB: PUGE) revealed today it has executed a memorandum of understanding (MOU) with Shenzhen Weistek, an international manufacturer of advanced 3D printers for the consumer market. The MOU initiates the first steps in Puget’s plan to enter the market by offering affordable high performance 3D printers and related production parts.
Weistek is currently exhibiting at International CES in Las Vegas.
President and CEO of Puget Technologies Ron Leyland said, "We are pleased to be entering this first phase of our strategy to meet the growing demand for consumer lines of 3D printers and associated products.” He added, “Still in its infancy, this market is poised to experience phenomenal growth with a healthy portion coming from the consumer and amateur segment.”
According to Wohlers Associates, a leading firm studying 3D printing and their impact, the sales of these products and services will approach $6 billion worldwide within 4 years.
Public acceptance for 3D printing is expanding, with companies such as Stratasys (SSYS), 3D Systems (DDD), and ExOne (XONE) vying for consumers’ attention.
Details about Puget’s 3D printer division are found at http://www.pugettechinc.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 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.
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.
Ron Leyland, 954-332-2471