Jan 17 2014
Puget Technologies begins to set 2014 revenue targets as part of the executive team's visit to China and negotiations with Weistek, an award-winning 3D printer manufacturer. Puget is set to acquire the first order of 3D printers for the domestic U.S.consumer market.
Puget plans to unveil their unique line of high performance 3D printers in the U.S. consumer market just as profits among technology companies are expected to surge. Leveraging Puget's software platform, the company plans to look for acquisition candidates that bring complementary technologies and systems to expand the company’s offerings upon the execution of the Weistek agreement.
USA Today recently reported, “the outlook for the tech industry is a rosy one,” and describes estimates of profits among technology companies in the S&P 500 index to be 9.3% higher than last year. The article goes on to state that net income for tech companies is expected to climb 5.5%, which mirrors a broader U.S. trend for corporate operating profit margins to reach an all-time high of 10% of revenues in 2014.
Commenting on these projections, President and CEO of Puget Technologies Ron Leyland said, “The favorable earnings forecasts among tech companies along with the phenomenal growth projected for the 3D printer industry makes our prospective relationship with Weistek very encouraging.”
Weistek recently received the “Best Annual 3D Printer” award as part of the “2013-2014 Global Interconnection Devices Top 10” ceremony at the International Consumer Electronics Show in Las Vegas, the world’s largest technology event.
Details about Puget’s 3D printer division can be found at http://www.pugettechinc.com.
About Puget Technologies (PUGE)
Puget Technologies is a publicly traded company on the OTCBB Market stock exchange under the ticker symbol PUGE. Headquartered in Ft. Lauderdale, Florida, Puget Technologies acquires, develops and sells leading edge consumer oriented products ready for rapid commercialization. Much of its resources are dedicated to research and development in order to provide consumers with quality options while meeting the expectations of its investors.