An Australian company has developed a new 3D printing system capable of producing resin objects in a matter of mere minutes, compared to the several hours it takes traditional 3D printers. After impressing the tech world with a demo of its prototype, Gizmo 3D is planning to sell its innovative printers through Kickstarter later this year.

Unlike a traditional 3D printer, which builds objects from the bottom up, Gizmo 3D's new system prints objects by layering liquid resin from the top down.

The system uses the same Direct Light Processing (DLP) technology seen in other 3D printers, but in an entirely new way, fusing the liquid resin into a solid form in one continuous step rather than pausing between each layer. In a video published online, the technique prints objects measuring 5x3 inches in just six minutes.

Gizmo 3D plans to sell three different-sized printers on Kickstarter starting in September 2015 at prices ranging from $2,500 for the GiziMate to $6,000 for the GiziMax.

Despite the buzz surrounding 3D printing, the technology has so far been too slow and expensive to have a significant impact on manufacturing. But recent strides in developing faster, more efficient techniques could change this.

Just ahead of Gizmo 3D's demo, the American start-up Carbon3D presented another remarkably rapid system at a Vancouver TED conference. The brand's prototype uses resin, oxygen and laser light to print objects up to 100 times faster than a classic 3D printer.

The new technology is dubbed CLIP (Continuous Liquid Interface Production), and Carbon3D aims to make it available in printers about one year from now.