xyzprintingSo far, consumer-grade 3D printers have been left to the realm of Kickstarter compaigns and 3D printing-centric companies like Makerbot, now owned by commercial 3D printing giant Stratasys.

Now reports are emerging from Taiwan of a new tie-up between two Kinpo Group subsidiaries – Kinpo and Cal-Comp – to be known as XYZprinting. Its purpose? To launch a $499 3D printer called the Da Vinci.

While brands like Makerbot sell their Replicator 2 model at up to around the $2000, the Da Vinci aims to take a chunk of the growing US market with its low sub-$500 price tag.

According to a report in Focus Taiwan New Channel, the new entity will launch the 3D printer and begin taking online pre-orders in September, with actual sales to begin in China and Taiwan in December.

The company plans to ship one million units within the next three years and plans to begin sales to Europe, Japan and the US by March 2014.

Interestingly, according to reports, the company doesn’t expect to start making money on the venture until 18 months down the track.

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