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A press release from Lomiko Metals (TSXV:LMR) took a look at the outlook for the graphene market and the future of 3D printing. The company highlighted its interest in Graphene 3D labs, whose proprietary technology “management believes has the potential to bring 3D printing to the next stage of commercial development and create new markets.”
As quoted in the press release:
Considering there are more than 11,000 plus patents or patents pending for graphene technologies, the story just gets more compelling. Large companies such as General Electric and Lockheed-Martin and have also confirmed their interest in utilizing graphene technologies.
Credit Suisse forecasts that global 3D printing market revenues will reach almost $12 billion by 2020; it came in just over $2 billion in 2012. That represents annual growth of 20-30%. The retail consumer/small business market shows the largest growth potential with 100%+ year over year growth in 2013.
While financing for all companies is tough at the moment, LMR closed a $5.5 million financing in March 2014. As well, over the last nine months, the Company’s 100 % subsidiary, Lomiko Technologies, invested $350,000 for a stake in (with Graphene Labs) spinoff Graphene 3D Labs for a final ownership total of approximately 4.4 million shares.
Lomiko Metals CEO, A. Paul Gill, said:
Investors need to understand that the impressive growth will ultimately come from graphite/graphene technology applications such as 3D printing. Lomiko not only has first class mineral properties, but also intends to be an incubator of graphene technologies. The recent successful market debut of Graphene 3D Labs, of which LMR owns 11.23% or 4.4 million shares, has been a solid proof of concept that our aggressive plans to seek out the best opportunities deliver exceptional shareholder value.
Click here to read the Lomiko Metals (TSXV:LMR) press release
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