Tinkerine™ and SBCK (SoftBank Commerce Korea) Sign Memorandum of Understanding to Distribute 3D Printers and Education Curriculum Throughout Asia Pacific Market
September 3, 2014 (Source: CNW) — Tinkerine Studios Ltd. (TSXV: TTD and OTC Pink: TKSTF), Canada’s leading manufacturer and distributor of 3D printers, today announced it has signed a Memorandum Of Understanding (“MOU”) with SBCK Corp. (“SBCK”), a subsidiary of SoftBank Corp, a global company and one of Asia’s biggest technology related service providers.
Under the terms of the MOU, SBCK will be granted exclusive rights to distribute and sell Tinkerine’s full suite of 3D printing products, which includes the high performance Ditto™ Pro prosumer 3D printer, its highly scalable Tinkerine U education technology platform, and its printer filament series into the Asian Pacific Region. Further, the parties will jointly develop various collaborative business opportunities covering the education, retail and enterprise sector, and will endeavour to negotiate and execute a formal agreement by October 31st, 2014.
Based in Seoul, South Korea, SBCK operates as a distributor of IT products, mobile solutions, and cloud services for the South Korean and Asian Pacific region. SBCK’s customers and partners include Government agencies, public and higher education institutions, as well as major software companies like Microsoft, Adobe, and Autodesk.
Tinkerine Director of Business Development, Rob Smith said “We are excited that SBCK has selected Tinkerine as its partner for the Korean and Asian Pacific market. 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.”
SBCK’s Chief Marketing Officer, Chinchul Yi said “SBCK was looking for 3D printing solutions with strong education curriculum and Tinkerine is the right partner to initiate SBCK’s 3D printing business in terms of aligning with Korea’s 3D printing initiatives. We see Tinkerine as a catalyst to expedite SBCK’s 3D printing business not only in Korea, but all APAC regions in the near future, through SBCK’s global networks within the SoftBank group companies.”
About SBCK and SoftBank Group
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SBCK offers IT business solutions throughout Korea. Established in 1991 and headquartered in Seoul, Korea, SBCK (for SoftBank Commerce Korea) is a leading provider of IT solutions and services specializing in distribution, IT infrastructure, peripherals, devices, and technologies for small, medium, and enterprise businesses. They also provide sales, marketing, business consulting, and technical support services to their partners.
SBCK is part of the SoftBank Group of companies, headquartered in Japan. SoftBank Group offers internet, mobile communications and IT focused services and solution worldwide and its corporate group includes Sprint Communications Inc. and Brightstar Corp.
Tinkerine develops, manufactures, distributes and sells 3D printers, software and materials for the consumer and education markets, the fastest growing segments of 3D printing. Current products include the recently released Ditto™Pro, the award-winning Ditto+ and Litto 3D printers, all acclaimed for their high performance and affordability. Tinkerine’s 3D printers work seamlessly with its integrated 3D software to make printing intuitive and accessible to anyone. With a major focus on education, Tinkerine continues to position itself as one of the emerging leaders in the 3D printer market both in North America and abroad. Tinkerine shares are listed on the TSX Venture under the symbol TTD and TKSTF on the OTC Pink.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain statements contained in this press release constitute forward-looking statements. Tinkerine is hereby providing cautionary statements identifying important factors that could cause the actual results to differ materially from those projected in the forward-looking statements. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance are not historical facts and may be forward-looking and may involve estimates, assumptions and uncertainties which could cause actual results or outcomes to differ materially from those expressed in the forward-looking statements. Forward-looking statements in this release include statements with respect to: our vision to become a global leader in the consumer 3D printing and education markets. By their nature, forward-looking statements involve numerous assumptions, inherent risks and uncertainties which contribute to the possibility that the predicted outcomes may not occur or may be delayed. The risks, uncertainties and other factors that could influence actual results include, but are not limited to: limited operating history; the risks related to scaling up operations; competition risks; exposure to potential litigation; and other factors beyond the control of Tinkerine.
Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>