333D is a Victora-based company focused on the technology, design and manufacture of 3D printers.
The company has now secured the exclusive rights to the German based doob 3D’s photogrammetry technology.
doob has developed both a 360 degree camera array that instantly captures a subject and post processing systems to create 3d print files that produce best in market miniature figurines.
This agreement will enable 333D to further leverage its investment in 3d printing hardware by producing full colour and incredibly accurate miniature figurines.
In securing this technology, 333D is now positioned to progress its agreement with the Australian Football League (AFL) as well as pursue similar agreements with other sporting associations.
Under the agreement, 333D will have exclusive sales and marketing rights for doob in Australia and New Zealand.
In consideration for the doob license, photogrammetry software and hardware and a Projet 660 3d printer, 333D will issue 15 million fully paid ordinary shares.
doob has seen significant take up and growth over recent years and now has stores across Germany, the U.S. and Japan, has revenues approaching $10 million per annum.
The new technology offers 333D the potential to pursue applications in other industry sectors as well.
333D’s shares were last trading 7.7% up intra-day, at $0.014.
The company had a cash balance of $1.5 million as at 31 December 2016.