This week's news includes competition winners announced: Thingiverse's "Make It Float" challenge and MakerBot's "Kids Make It" challenge winners are posted on their websites. 3D Hubs announced a photo competition to celebrate its 20,000th Hub! The UK's Kingston University award-winning electric car racing team now uses 3D printing print car parts that are lighter and less time consuming to make. The L-Cheapo is a new device that lets you turn your 3D printer into a laser cutter for under $200. There's good and bad news from 3D printing business. The good news is that a report has been released suggesting that China's 3D printing market could reach a whopping $1.6 billion by 2016. The bad news is that Munich-based Alphaform AG has declared bankruptcy for reasons that are yet unclear. Finally, we have the steady flow of filament innovation, as next month, Innofil3D plans to release a new PET filament that it claims may become a new 3D printing standard! Stay tuned, as always! Read more about these news pieces here: http://3dprint.com/85634/stories-we-missed-august-1/