Robo 3D to achieve a 12-month revenue of at least $7.5 million.

Australian-listed Falcon Minerals has secured AU$5 million for its proposed capital raising in early 2016.
By Asha Barbaschow | December 16, 2015 -- 00:37 GMT (11:37 AEDT) | Topic: 3D Printing

• Initially the company interested in precious metal and base metal deposits expected to raise just over AU$2 million, but with firm commitments received from Forrest Capital and GTT Ventures among others, Falcon Minerals decided to boost the public offering to AU$5 million in a bid to fund the upcoming change to its business direction.

Earlier this month, Falcon Minerals announced the forthcoming acquisition of Albion 3D Investments.
Falcon Minerals has paid a AU$250,000 deposit to Albion 3D upon signing a binding term sheet with the company. Falcon Minerals said it will advance to Albion 3D by way of a AU$250,000 interest free loan.

Albion 3D is an investment vehicle controlled by Tony Grist, the deputy chairman of Vocus Communications, which swallowed Amcom Telecommunications in June. Amcon Telecommunications, co-founded by Grist, was acquired by Vocus for AU$1.2 billion following a unanimous shareholder vote.

As part of the Albion 3D acquisition, Falcon Minerals secured the right to acquire 51 percent of Robo 3D a US-based consumer 3D printing company, which is heavily funded by Albion 3D.
Falcon Minerals said that before the completion of its acquisition, Albion 3D is expected to have advanced $1.5 million of the $2.5 million Robo 3D investment, with Falcon Minerals to pay the remaining $1 million once complete.

With clients including NASA, Microsoft, Intel, United Airlines, Intel, and Qualcomm Robotics, Robo 3D develops, designs, manufactures, and sells 3D printers and associated products to the consumer segment of the 3D printing industry.


For the 10 months ending October 2015, Robo 3D recorded revenue of $2.3 million. Under the Albion 3D acquisition, Robo 3D is expected to achieve a 12-month revenue of at least $7.5 million.

According to Falcon Minerals, equity stakes in Albion 3D are held on behalf of executives of Crowd & Company, a San Diego-based sales and marketing firm specialising in the tech sector.

Crowd & Company's CEO Dan Koziol has been appointed as the CEO of Robo 3D and has been proposed as a director for Falcon Minerals, as well.

Once the Albion 3D acquisition is complete, Falcon Minerals is expected to change its name to i3D Technologies Limited.

According to analyst firm Gartner, worldwide shipments of 3D printers will tip 5.6 million units by 2019.
Gartner expects worldwide shipments to reach 244,533 units in 2015 and 496,475 units in 2016, which is more than double the figure forecast for this year. The analyst firm predicts annual shipment figures will continue to double each year between 2016 and 2019, by which stage it is predicted over 5.6 million units will be shipped worldwide.

http://www.zdnet.com/article/falcon-minerals-secures-au5m-ahead-of-3d-printing-transition/