HOUSTON — (BUSINESS WIRE) — August 25, 2014 — With almost 50 million public school students and over three million teachers in the U.S., the introduction of 3D printing into educational facilities offers the potential for the 3D printing market to realize exponential gains. This development presents an amazing opportunity for Changing Technologies, Inc. (OTCBB: CHGT) and its wholly-owned subsidiary, 6th Dimension Technologies, as they continue to make their footprint in the multi-billion dollar 3D printing space.
The National Center for Education Statistics reports that there are over 49.5 million public school students and 3.1 million teachers in the U.S. Stratasys (NASDAQ: SSYS), the parent company of 3D printer producer MakerBot Industries, is targeting the placement of a 3D printer in every U.S. public school. Introducing 3D printing technology to this audience will undoubtedly increase interest in the already booming sector, which is projected to eclipse $16.2 billion within the next five years.
“Having 3D printers in U.S. public schools introduces this cutting-edge technology to the next generation of consumer end users and creates new opportunities in all segments of the market,” CHGT CEO Omar T. Durham said.
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).
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