Shares of Tinkerine Studios (TSXV:TTD) are up today after the company announced an MOU with with SBCK Corp., a subsidiary of Korea’s SoftBank, that will grant the company the exclusive right to distribute and sell Vancouver-based Tinkerine’s full suite of 3D printing products.
Tinkerine Director of Business Development, Rob Smith, characterized the deal.
“We are excited that SBCK has selected Tinkerine as its partner for the Korean and Asian Pacific market,” he said. “As a company, we are committed to aligning ourselves with best in class sales, distribution, and strategic technology partners. SBCK’s corporate, consumer, and online channel partners are the perfect fit for the Tinkerine brand and our vision to become a global leader in the consumer 3D printing and education markets.”
Tinkerine’s suite of 3D printing products includes its Ditto™ Pro printer and its printer filament series. The company has placed an early focus on the education vertical, establishing an education technology platform it will look to further in the Asia Pacific market.
Tinkerine Studios began trading in April after a reverse-merger transaction netted the company $3.1-million. The company has since added former MakerBot Director of Distribution RJ Wafer to its Advisory Board and Ben Yan as Channel Manager. It also launched Tinkerine U, an initiative to bring 3D printing curriculum to every school in North America.
At press time, shares of Tinkerine Studios were up 8.8% to $0.37.
Disclosure: Tinkerine Studios is an annual sponsor of Cantech Letter.