Estimated read time: 2-3 minutes
This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.
[STK]
[IN] REA HOU HHP ALC BEV
[SU]
-- WITH PHOTO -- TO BUSINESS EDITORS:
Seattle Startup Energizes 3D Printing Industry
SEATTLE, April 3, 2014 /PRNewswire/ -- ImagiGadget LLC launched its
product line of Wave Hooks (www.wavehooks.com) in January. After
seeing initial success, they launched two crowdfunding campaigns on
Indiegogo (https://www.indiegogo.com/projects/wave-hooks/) and
Kickstarter (https://www.kickstarter.com/projects/97033867/wave-hooks/
Within 10 days, initial goals of $3,000 for each campaign were dwarfed
by the $18,329 worth of funding, 500,000 website hits, 700 backers,
and over 1,000 units on pre order.
Photo - http://photos.prnewswire.com/prnh/20140403/PH97654-a Photo -
http://photos.prnewswire.com/prnh/20140403/PH97654-b
Its most popular product the Wave Hook Bath Tub Wine Glass Holder
represents most of that success. CEO Michael Aylesworth announced on
Sunday, March 30, 2014 that ImagiGadget would be partnering with
contract 3D printers on www.MakeXYZ.com in order to ensure on time
manufacturing and delivery of the 1,066 units ordered. "In addition to
producing the units in house, we will be outsourcing approximately
$5,000 worth of contract 3D printing to the MakeXYZ community,"
Aylesworth said. Average orders for contract 3D printing is $50,
according to Aylesworth, who has provided 3d printing and product
development services on MakeXYZ in the past.
Aylesworth also indicated on his update video
(http://youtu.be/FO75anuteyQ) that ImagiGadget will be pursuing a much
larger expansion of its successful Wave Hook product line using more
traditional and much higher volume manufacturing technologies such as
injection molding. "We are looking to injection molding having these
products in national retailer outlets by September," Aylesworth said
in the video.
All the rewards for the crowd funding campaigns have been capped for
orders to be fulfilled in May. New rewards will be added for
fulfillment in June.
"We want to be very bullish in our expansion, but also extremely
conservative and respectful of those backers who invested their money
early on and expect their product on time," says Aylesworth. He
continued: "Bringing a new product to the market is very exciting for
us as the inventors and manufacturers, but when you see this kind of
viral excitement in the market place, everyone from consumers to
investors get a really incredible experience and sense of
accomplishment."
The Wave Hook Wine Glass holders are $15 on pre order and Aylesworth
has said that wholesale pricing will be available as soon as the
injection molding process is up and running, likely this summer.
Michael Aylesworth, CEO of ImagiGadget LLC, can be reach at
206-659-1349 or by Email, www.wavehooks.com.
Read more news from ImagiGadget LLC.
SOURCE ImagiGadget LLC
-0- 04/03/2014
/Photo: http://photos.prnewswire.com/prnh/20140403/PH97654-a
http://photos.prnewswire.com/prnh/20140403/PH97654-b
PRN Photo Desk, photodesk@prnewswire.com
/Web Site: http://www.wavehooks.com
CO: ImagiGadget LLC
ST: Washington
IN: REA HOU HHP ALC BEV
PRN
-- PH97654 --
0000 04/03/2014 13:22:00 EDT http://www.prnewswire.com
Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
