3D Pioneer Signs Memorandum of Understanding With Chinese Manufacturer for Development of 3D Printer
March 26 2014 - 11:55AM
Marketwired
3D Pioneer Signs Memorandum of Understanding With Chinese
Manufacturer for Development of 3D Printer
LONDON, UNITED KINGDOM--(Marketwired - Mar 26, 2014) - 3D
Pioneer Systems, Inc. ("3D Pioneer" or "the Company") (OTCQB: DPSM)
(OTCBB: DPSM) announced today that is has signed a non-binding
memorandum of understanding ("MOU") with Magic Firm, a private
technology manufacturing company based in Hangzhou,
China, with the goal being the collaboration on the
development and initial production run of the Company's 3D printers
and related accessory hardware.
Pursuant to the MOU, the parties desire to enter into a
definitive agreement in which Magic Firm would help the 3D Pioneer
to evaluate and develop the following:
The Wyatt:
- "The Wyatt" is a personal 3D printer, anticipated to be
available with one or two extruders, designed with attention to
design and quality for the desktop computer. It will feature a
heated glass build platform held in place with Neodymium magnets
for easy removal. Carbon air filters, are anticipated to boast
print speeds up to 250 mm/s internal lighting and video that will
let the user monitor print jobs from a PC, tablet or smart phone,
with a full color LCD touch screen running on our Appaloza Cloud
Print Technology, currently in development, so that the user will
no longer need to write files to SD cards and walk them to the
users printer, or leave the users laptop tied to their printer
until the print is complete. The Appaloza HTML5 web enabled
application is being designed to include placement, slicing and
printing functionality. The software is being designed to be
operated from the users printer touchscreen LCD screen or from the
Company's website.
LINK TO VIDEO: https://www.youtube.com/watch?v=0LQ29Fcs_t0
The Whip:
- The Whip is anticipated to be a web enabled external printer
controller/monitor that is being designed to be compatible with
just about any 3D printer on the current market at the time of
release. The Whip will utilize our Appaloza Cloud Platform,
currently in development, which will allow the user the ability to
monitor their 3D printing, using the internet.
- Key Features are anticipated to include:
- Users having the ability to connect their printer to the
internet via Wi-Fi;
- Users having the ability to print wirelessly from anywhere in
the world;
- Users being able to monitor and control their print project
from anywhere in the world
- Users having real time video monitoring of print projects;
- Users having the ability to visualize their object on screen
before printing;
- Users being able to share print progress in real time via video
feed.
LINK TO VIDEO: https://www.youtube.com/watch?v=A2dozQqbcf8
3D Pioneer President, Alexander Tsingos commented, "This
relationship leverages Magic Firm's practical knowledge of 3D
printer manufacturing and cost-effective assembly capabilities that
can be carried out overseas with the objective of becoming the
market leader in this rapidly growing sector and with this MOU we
are in a good position to start our negotiations to achieve that
goal."
About Magic
Firm
Magic Firm is a private company located in Hangzhou
China. Magic Firm was founded in 2009, and is China's first 3D
print service and is one of the leading manufacturers of consumer
and commercial 3D printers. Magic Firm is committed to providing
integrated and comprehensive solutions for the 3D printing
industry. Magic Firm works with hardware, software developers to
bring ideas to market. Learn more at magicfirm.com
About 3D
Pioneer
3D Pioneer Systems is a diversified technology company focused
on delivering true plug and play 3d printers and printer
applications that are designed to simplify the creative process and
be accessible to a broad audience of consumers around the world.
The Company is also a marketer and developer of cutting edge mobile
games and software applications that consumers can download on a
variety of operating systems.
Cautionary Note
Regarding Forward-Looking Statements
Except for the statements of historical fact contained herein,
the information presented in this press release contains
forward-looking statements that are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. Forward-looking statements can be identified by words
such as "anticipates," "intends," "Plans," "Seeks," "believes,"
"estimates," "expects," and other similar references to future
events. By their nature, forward-looking statements and
forecasts involve risks and uncertainties because they relate to
events and depend on circumstances that will occur in the near
future. Therefore, you should not place undue reliance on such
forward-looking statements. There are a number of factors that
could cause actual results and developments to differ materially
from our forecasted results. These risks and uncertainties include
our ability to: attract end users; attract advertisers; our ability
to successfully implement our current long-term growth strategy; as
well as product demand, market competition, fluctuations in
advertising payouts, delays in website & application
development, technical issues beyond our control, reliance on the
various platforms that we build applications on, and risks inherent
in our operations. For a discussion of these risks and
uncertainties, please review our filings with the SEC. Our public
filings with the SEC are available at the website maintained by the
SEC at http://www.sec.gov. The information provided is as of the
date of this press release, and we expressly disclaim any duty to
update information contained herein.
Contact: 3D Pioneer Systems Inc. Tel: 855 598 4793 Email:
ir@kingstonir.net
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