Zmorph investment will help develop next-generation multi-functional 3D printer.
European, multi-functional 3D printer manufacturer Zmorph, has been given a $1million boost to step up its production capacity and facilitate its global expansion.
The significant investment comes from Warsaw Equity Group who will acquire minority stake and support the company’s plans to boost production to more than 1000 3D printer units per year and develop a new version of its all-in-one 3D printer, Zmorph 3.0.
Piotr Wasowski, co-founder of ZMorph, commented: “ZMorph is a trendsetter on the 3D printing market, and we want this to continue. We plan to develop a new printer version, Zmorph 3.0 by the end of this year. The new Zmorph will be even more versatile, multi-functional and multi-material. ZMorph remains the only printer that has the capability to change printing toolheads, so a single 3D personal fabricator can do the job of 11 different machines. We also plan to further develop our software – Voxelizer 3D.”
Currently, demand for Zmorph machine exceeds its present production capacity and this will only increase when the company starts its distribution via Amazon and systematic distribution network in the next few weeks. The company currently has 22 resellers worldwide and that is set to expand to the Asian market later this year to coincide with the rapid rate of adoption in one of the industry’s most promising territories.
Piotr, added: “The cash injection will help us to faster mark our presence in key markets because we will be able to significantly increase the production. At this time, the volume of orders considerably exceeds our production capacity, but we are expecting to produce and sell a total of 1000 ZMorph personal fabricators by the end of 2015.”
A large part of the funds will be used for R&D into more possibilities for the multi-functional, multi-material machine which currently allows users to print in a range of materials including plastic, chocolate, rubber and nylon and also operate as a CNC milling machine, laser cutter, engraver and 3D scanner.