SOUTH MOLTON, UK, July 1, 2014 – Ion Core Ltd, the maker of the best in class Zinter PRO 3D Printer secures investment of up to US$10,000,000 from Hedge Fund Managers Jonathan Bailey and BJ Eastwood, for rapid expansion of production and sales into Europe and the United States.
(picture from Ion Core Ltd website)
Ion Core Ltd has successfully agreed a funding partnership which will allow the company to rapidly expand its sales into Europe and the United States. The maker of the best in class Zinter PRO Desktop 3D Printer, which has received global critical acclaim for its leading edge 3D printer is now in a position to significantly “up its game”, enabling the company to produce a targeted 1000 printers per month and bring its significant competitive edge to bear in challenging MakerBot (a Stratasys subsidiary) and the Cube (by 3D Systems) 3D printers, in the race for market share in the growing 3D printing industry.
Investor Jonathan Bailey, along with his partner BJ Eastwood have traditionally invested in public equity but could not overlook the opportunity to participate in Ion Core Ltd, which has presented itself as a challenger to the publically listed competitors who currently dominate the market.
Mr. Bailey, a portfolio manager for 19 years has significant experience in investing and was a partner and fund manager at the New York Hedge Fund – Omega Advisors and subsequently at US Hedge Fund Perry Capital in London, before launching his own Hedge Funds. BJ Eastwood was formerly of JP Morgan.
In a statement Mr. Bailey commented: “the market for consumer 3D printers is growing and I believe that Ion Core’s products, including the Zinter PRO Desktop 3D Printer, are the absolute best on the market today… having looked into the future planned offerings of all of the largest competitors to Ion Core, it is also clear to me that Ion Core will continue to produce the best products for the foreseeable future.”
James Marchant, Richard Dinan and Alexander Nall-Cain, the directors and founders of Ion Core Ltd founded the business in early 2013 off of the back of an 11 year track record in designing and manufacturing British made products for the European CNC machine market, where it continues to dominate. Ion Core broke major ground at the CeBIT exhibition in Germany earlier this year which the company attended as a flagship British brand in technology. Attended by David Cameron and Angela Merkel; Ion Core received many major distribution orders from around the globe for their flagship product the Zinter PRO Desktop 3D Printer.
The Zinter PRO has been reviewed positively in every continent and in over 10 languages for its stunning aesthetics, game changing user-friendliness and unparalleled accuracy. The company aims to make 3D Printers available to all practically minded people; not only CAD fluent designers. They have partnered with the British Governments’ STEM organization (science, technology, engineering and mathematics) to supply Zinter PRO Desktop 3D Printer’s to all UK schools, with a community based funding program, allowing friends and parents to donate to their chosen schools via the Ion Core website.
The firm’s design and R&D departments will also benefit from the investment, says Richard Dinan: “This investment allows us to really push the boundaries of 3D printing and get ahead of the major competitors. We already have some amazing new products coming out later this year that will totally change the way people can design and manufacture in their own home, without the need for third parties – Ion Core is now ready to bring our products to the global stage.”
For more information, please visit http://www.ioncoretechnology.com.