Using paper as the raw material for a 3D printer may seem a little bit 'outside the box'. There's only one company that do this, and what is clear from their financial results is there's a huge demand for it.
Irish-based Mcor Technologies started with an idea in 2005 to ‘democratise innovation’ by brothers Dr. Conor MacCormack and Fintan MacCormack and has grown into a huge global player in the 3D printing world.
This week the company has announced a 600% increase in sales over the past ten months. The incredible growth has pricked up many ears including those of the Irish Technology Leadership Group (ITLG) who have ploughed $2 million of investment into Mcor.
The ITLG is an independent organization comprised of over 1500 high-level technology leaders primarily based in Silicon Valley who are Irish or Irish-American. "We are thrilled with our remarkable growth in such a short period of time," said Dr. Conor MacCormack, Co-founder and CEO of Mcor Technologies. "It has been an exciting year as we have expanded our product line, team and business and we are grateful to ITLG for their continued support."
The growth is good news for the recovering Irish economy, as the sales increase inevitably the production line staff have to too. Mcor have doubled the number of employees year on year for the past three years. MacCormack added, "As our phenomenal growth continues, we remain true to our original vision, which is to enable everyone low-cost access to professional-quality, full-color and environmentally-friendly 3D printing."