HOUSTON — (BUSINESS WIRE) — July 21, 2014 — With the robust 3D printing market showing no signs of slowing, forward-thinking technology company Changing Technologies, Inc. (OTCBB: CHGT) is exploring new acquisition targets in the booming 3D printing sector that continues its rapid evolution.
The 3D printing market is projected to surpass $16 billion globally in less than five years, which may be a conservative estimate as big box retailers continue to announce their intentions to enter the space as consumer demand for the technology skyrockets. CHGT is making plans to move forward with new acquisitions as it works to develop new innovations to personalize 3D printing technology for the consumer end user and capitalize on this robust market.
“3D printing technology presents exciting opportunities, and we are looking for new ways to exploit them every day,” CHGT CEO Omar T. Durham said. “Adding new acquisitions to our portfolio potentially allows us to capitalize on the tremendous financial gains we expect the personalized 3D printing market segment to experience in the coming months and years.”
Changing Technologies, Inc. is an emerging technology company focused on developing innovative concepts to bring to consumers. It recently created a new subsidiary — 6th Dimension Technologies — to pursue additional growth areas and market needs in the booming 3D printing sector. Changing Technologies, Inc. is in the cutting-edge technology sphere alongside companies including Voxeljet AG (NYSE: VJET), Arcam AB (OTCBB: AMAVF), and ExOne Co. (NASDAQ: XONE).
For more information on CHGT, please visit www.changingtechno.com/investors.
About Changing Technologies, Inc.
Changing Technologies, Inc. (OTCBB: CHGT) is a forward-thinking company working to be at the forefront of the next generation of consumer-based technology. The Company is positioning itself to leverage the global demand for the latest technological advances and the services they offer.
Notice Regarding Forward-Looking Statements
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words “believes,” “expects,” “anticipate” or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone’s past success, either financial or strategic, is no guarantee of success. This news release speaks as of the date first set forth above and the Company assumes no responsibility to update the information included herein for events occurring after the date hereof.
Changing Technologies, Inc.
Omar T. Durham, 713-300-3806
President and CEO