Monday, February 26, 2024
HometechnologyHP CEO says to flesh out 3-D-printing entry in June

HP CEO says to flesh out 3-D-printing entry in June

Hewlett-Packard will outline plans to enter the commercial 3-D-printing market in June, saying it has solved a number of technical problems that have hindered broader adoption of the high-tech manufacturing process.

Chief Executive Meg Whitman told shareholders on Tuesday the company will make a "big technology announcement" that month around how it will approach a market that has excited the imagination of investors and consumers.

Critics have accused the sci-fi-like technology of being over-hyped and still too immature for widespread consumer adoption.

(Read more: Why shop for shoes when you can 3-D print them?)

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Industry observers have long expected HP, the largest of several printer-making companies from Canon to Xerox, to eventually get into the business. Whitman said HP's in-house researchers have resolved limitations involved with the quality of substrates used in the process, which affects the durability of finished products.

"We actually think we've solved these problems," Whitman told an annual shareholders meeting. "The bigger market is going to be in the enterprise space," manufacturing parts and prototypes in ways that were not possible before.

"We're on the case," she said without elaborating.

(Read more: Surge in 3-D-printing stocks largely hype, analysts say)

HP executives have estimated that worldwide sales of 3-D printers and related software and services will grow to almost $11 billion by 2021 from a mere $2.2 billion in 2012.

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