
This (
1,
2) is really exciting.
Not only can this printer 'print' three dimensional objects, it is also capable of creating its own parts. Vik Olliver, the person behind the project, calls it
REP-RAP (Replicating Rapid-prototyper), and aims to build a machine that can copy itself.
The major highlights of the project are self replication and GPL licensing.
The technology for 3-D printing exists and this uses one of them (
Rapid Prototyping technology-
Fused deposition modeling). It involves depositing layers of plastic to create 3-D models. But not only is the technology still more in research labs than tech markets, it it deemed to be very costly (a typical figure, provided by Olliver himself is some 30,000 euros). But Rep-Rap, he claims, should be affordable enough even for the developing world, where the material costs should be about 400 euros.
And the other feature that makes is affordable is the 'open' nature. So the design of Rep-Rap will be freely available under the GPL license. So anyone who can afford the material, and can invest the effort to use it or improve it, can do it. (One more condition- he should follow the GPL and keep his innovation also open)

It really good to imagine what all can be done if one such handy-robust-inexpensive machine is available that will make 3D objects for everything we can design on the computer. While most of it is expected to be models-prototypes, but a lot more can be imagined within the current constraints - toys, electronic circuits, showpieces and a lot of household stuff. Add more technology to this, for example, 3d printing with customizable material attributes - hardness, elasticity, conductivity, heat resistance. And then composites prints of various materials with varying attributes. All this and you are making almost everything that is being manufactured industrially.

Revolutionary!
Also interesting are Olliver's comments when he says - "We make no apology for this - as any biologist will appreciate, having the machine copy itself is the most useful possible thing we can make it do, and is the primary goal of the whole project" and this - "lmost all these were done by Vik Olliver, who clearly takes advantage of the 48-hour days they have south of the equator..."
Olliver works for CatalystIT, a Wellington-based open-source business system provider. He used his 'Google Time' he gets from his company for this, which means he is allowed to work on his own research projects one day a week.