The Partnership aims to make SBCK Tinkerine's exclusive sales
and distribution partner for Korean and Asian Pacific
Markets
VANCOUVER, Sept. 3, 2014 /PRNewswire/ - 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
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.
Contact:
Chinchul Yi
Chief Marketing Officer
cc.yi@sbck.com
+82-2-2187-0008
About Tinkerine
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.
Contact:
Rob Smith
Director of Business Development
rob@tinkerine.com
604-288-8778 ext 204
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.
SOURCE Tinkerine Studios Ltd.
