TB,
Yep, it's what is called an SLA printer. There is a hi-def LCD screen that puts out UV light on the lower section of the printer. The printing bed slowly moves up as the object is created, so what you see is the thing being printed upside down. My friend gave me his remaining resin - "ABS-like", translucent, and clear.
As an old school builder, I did feel 3-D printing was a bit of a "cheat" at first, but have come to welcome it as another tool that allows us modelers to do things we previously could not. Intricate parts with repeating details are very difficult to do, but are easy with CAD. An aircraft wheel with circumfrential tread for example, only needs a section profile, and the bolts are easily spaced around the hub. There would be no way I'd attempt to glue little bolts in an exact pattern on a wheel! Someone with a high precision lathe could cut the wheel and drill the bolt patterns, but I'm not that guy.
But I can do CAD. I did a 3-D TOS Enterprise as a fun practice when my first job got CAD, but it crashed the machine because it only had an 8086 processor. A what you say? Google it, kids.