Stratasys Signs Aurora Group for 3D Printer Distribution in China
The Aurora Group (震旦集團) yesterday inked an agreement with U.S.-based Stratasys Ltd., making it the sole distributor for the American company’s line of 3D printers in the vast Chinese market.
As reported by The China Post:
Since its entry into China in 1993, Aurora, an electronics and office supplies retail giant, has established itself in over 500 locations in the Chinese market, in addition to employing a full force of product service and sales personnel.
The company stated that it was chosen by Stratasys to act as its sole distributor in China due to its considerable retail coverage.
Aurora is poised to distribute Stratasys’s Idea line of 3D printers, consisting of the entry-level Mojo, and the larger uPrint SE and uPrint SE Plus variants. The Idea line of 3D printers currently ranges from US$10,000 to US$20,000 in the U.S. market.
Propelled by encouraging prospects, shares of Aurora yesterday rocketed to NT$62.1, gaining NT$4, or 7 percent, the maximum intraday movement allowed in the Taiwan Stock Exchange, while retaining its soaring performance at the end of yesterday’s trading.