MCor Apple and Skull
3D printing industry pioneer Mcor Technologies has reported exceptional annual growth while exhibiting at this year's RAPID Conference in at the Cobo Center in Detroit, Michigan.
The Irish business, which champions 3D printing using ordinary printer paper, has reported "phenomenal growth" during the last 12 months with a huge 227 per cent jump in its sales and distribution channel and a 308 per cent rise in sales of its unique, low-cost, true-colour 3D printers.
Mcor is translating this expansion into increased personnel, upping recruitment by 69 per cent, bringing more 3D printing experts into the fold, including industry veteran Graham Lindsay, Mcor's new Sales Manager. Mcor is continuing to recruit for its growing sales, engineering, research and development, and production departments.
Mcor's rise has led to a round of $12 million (€6.6 million) investment from WHEB, a specialist investment manager focused on opportunities generated by the global transition to more sustainable, efficient economies.
WHEB Partner Alexander Domin, who lead the deal, said: "We very much look forward to working together with Mcor to help them capitalise on their impressive growth potential.
"The 3D printing market has experienced tremendous growth recently and Mcor is well poised to take advantage of this trend thanks to its truly unique technology. Mcor’s 3D printers allow users to print objects in high resolution colour, while at the same time using environmentally friendly materials that cost five to 20 per cent that of other technologies’ models, potentially saving users hundreds of thousands of dollars over several years of ownership. As such, this deal perfectly exemplifies the resource efficiency and growth opportunity themes in which WHEB invests."
Dr Conor MacCormack, Mcor founder, added: "We now have all the ingredients necessary to create a dominant 3D printing technology company with new and innovative products on the horizon."