Massive Dynamics to Acquire Hong-Kong Based Developer of 3D Printers
CUPERTINO, Calif. -- March 5, 2013
Massive Dynamics Inc. (OTCQB: MSSD) is pleased to announce that it has signed
a letter of intent to acquire PrintForge 3D Ltd., a Hong-Kong based developer
of 3D printers and related accessories. The acquisition of PrintForge 3D Ltd.
will help Massive to secure its position in the rapidly expanding additive
manufacturing industry. PrintForge 3D Ltd. Will acquire, develop, and refine
3D Printers, scanners and related software with the objective of becoming a
One Stop Shop for the additive manufacturing industry.
Industry insiders are calling additive manufacturing, commonly referred to as
3D printing, the “Third Industrial Revolution.” Manufacturing is quickly
moving from the current mass produced “one for all” model into an era of
personalization, where consumers will personalize the color and features of
items they wish to purchase and instead of clicking “buy” and waiting for
delivery, they’ll simply click “print” and watch their purchase materialize in
no time at all.
"There can be no doubt about the explosive growth ahead for the additive
manufacturing industry," said Oscar Hines, President. "The applications for 3D
printing are virtually unlimited; in time 3D printing will usher in a paradigm
shift in the way consumers interact with the manufacturing economy.”
“We look forward to working with PrintForge over the next several months to
launch their line of 3D printers and accessories into the US market; while
completing the mutual due diligence required for execution of the definitive
acquisition agreement,” concluded Hines.
PrintForge operates in an industry dominated by companies such as 3D Systems
Corporation (NYSE: DDD), Stratasys, Ltd. (NASDAQ: SSYS), and new market
entrant The ExOne Company (Nasdaq: XONE).
About Massive Dynamics, Inc. (OTCQB: MSSD)
Massive Dynamics, Inc. is a Nevada corporation listed on the OTCQB under the
trading symbol MSSD. The Company is an acquirer, developer and seller of
leading edge consumer oriented technologies and products ready for rapid
More information on Massive Dynamics can be found at:
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Massive Dynamics, Inc.
Oscar Hines, 408-973-7857
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