Zortrax Dental will launch its crowdfunding campaign for up to PLN 4 million today

by   CIJ News iDesk III
2021-06-17   08:46
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Zortrax Dental, a subsidiary of Zortrax dealing with innovative technologies based on 3D printing in the dental industry will launch its crowdfunding campaign for PLN 4 million, promoted on Crowdway, will start on today, June 17, the company said.

The funds from the issue will be allocated to the production of the first series of 3D printers already developed for the dental industry (PLN 3,100,000) and to promotional activities in Europe, the USA and Asia (PLN 900,000), it announced.

"Our development plan is based on strong pillars in the form of experience and facilities of the Zortrax group. Work on the proprietary device for dentists, created in cooperation with practitioners, is at the end. The involvement of community investors is to help us deliver the first batch of printers and printers in a short time. Thus, to respond to the needs of the market, which is to be worth almost a billion dollars in four years, with an annual growth of 17%. We want to grow even faster and scale, which will enable the debut on the Warsaw Stock Exchange planned for the next year," said CEO of Zortrax Dental Małgorzata Misiewicz.

Zortrax Dental estimates that in 2024 it will achieve sales revenues of PLN 65.9 million (base variant). The company plans to achieve European sales coverage in the second quarter of 2022, and less than a year later it wants to operate globally, it was also announced.

The company reiterated that in the first half of 2022 plans to debut on the NewConnect market.

Zortrax is a Polish company that provides comprehensive solutions in the field of three-dimensional printing. It has built a strong position on the desktop 3D device market, offering its customers also printing materials, Z-SUITE software and other products that increase the efficiency of the prototyping process.

Source: ISBnews and Zortrax Dental