HOUSTON — (BUSINESS WIRE) — December 2, 2014 — Wearable tech – advanced technology worn on the body and weaved into everyday life – and 3D printing, a technology destined to transform major industries around the world, are a cutting-edge combination with unlimited possibilities, Changing Technologies, Inc. (OTCBB: CHGT) CEO Omar T. Durham says.
Google Glass was only the beginning of wearable devices, which are set to revolutionize how we access technology, beyond monitoring health and fitness. Just last month, Morgan Stanley analysts predicted a potential $1.6 trillion business for wearable devices, an industry expected to sell 90 million devices in 2014 and sure to increase in 2015 as acceptance and adoption grows. Health and fitness wearable technology is already mainstream.
“With Apple set to launch its much-anticipated wearable tech watch in early 2015 and 3D printing quickly working its way into the mainstream, these two cutting-edge tech niches are still in their infancy but imagine the growth if you combined them. The possibilities would be endless,” Durham said. “Together, 3D printing and wearable technology – 3D printed wearable tech – is a combination that could easily elevate a market past its projected 2018 valuation of $5.8 billion. CHGT is excited to see where 3D printing can take a niche like wearable technology, which is on the precipice of massive growth.”
CHGT is developing a unique on-demand, interactive retail 3D printing experience to capitalize on the continuous influx of new consumers to the market. The portal, being developed by interactive software developer Advarion Incorporated for CHGT subsidiary 6th Dimension Technologies (6D3D), will allow consumers to create their own products using cutting-edge 3D printing technology or select from an online catalog. Users will have the ability to search its database for printable 3D models and purchase them from the site, which will offer original equipment manufacturer (OEM) replacement-part manufacturing, replacement toys and parts and licensing opportunities with game and animation developers.
For more information on CHGT, please visit www.changingtechno.com/investors.
For more on CHGT subsidiary 6th Dimension Technologies, visit www.6D3D.com.
About Changing Technologies, Inc.
Changing Technologies, Inc. (OTCBB: CHGT) 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. A forward-thinking company working to be at the forefront of the next generation of consumer-based technology, CHGT is positioning itself to leverage global demand for the latest technological advances and services the company offers. Changing Technologies, Inc. is in the cutting-edge technology sphere alongside companies like Voxeljet AG (NYSE: VJET), Arcam AB (OTCBB: AMAVF) and ExOne Co. (NASDAQ: XONE).
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