HP Back In The Game, Reveals New 3D Printer
Hewlett-Packard Company ( HPQ) has announced its comeback in the world of technology by launching two brand new products; the company's first 3D-printer and a new desktop computer with built-in scanner, projector, and touchpad. With these fresh releases, HP has sent a strong signal to its competitors and skeptics who have been criticizing its diminishing sales growth for a while now.
With its latest release, HP has mainly targeted big businesses that carry out jobs for smaller businesses and have tons of printing to do daily. While the best available commercial printer in the market would require 85 hours to print 1,000 gears, each two inches across, the Hewlett-Packard 3D printer can accomplish the same task within three hours only, along with tracking designs to a five-micron precision. This makes it 10 times faster than the three-dimensional printers available in the market at the moment.
The product is currently in its testing phase, with its production to roll out early next year; but it will be available in the markets by 2016. Most competing industrial printers are priced in the range of $150,000 to $500,000. HP's vice president of inkjet and graphic solutions, Stephen Nigro, signaled that the company's product will be priced near to the lower-end of the range.
According to Forbes, HP's head of printing and personal systems, Dion Weisler, sees three-dimensional printing as an avenue to bring about the next industrial revolution. Mr. Weisler has even hinted toward using this technology in the making of gadgets like tablets, phones, and other devices.
Such a shift by giant companies toward employing 3D-technology into their production systems is not a surprise. IDC international has estimated the scope of this venture by estimating global spending on 3D-printers and other supplies to total about $2.7 billion in 2014. The estimates for long-term growth in this area total to around 29% per year, an estimate which is way above the growth rate of the manufacturing sector.
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