HOUSTON — (BUSINESS WIRE) — January 8, 2015 — After watching the 3D printing sector enjoy incredible growth in 2014, emerging 3D innovator Changing Technologies, Inc. (OTCBB: CHGT) is preparing for an even bigger year for the cutting-edge technology – expectations are high that 2015 will be the year that 3D printing becomes a truly disruptive technology.
“Even though companies like CHGT develop new applications for 3D printing every day, the technology is seen by some as an interesting ‘gimmick’ to create small, plastic items. In 2015, we’re quite confident 3D printing will shed the current perception and be recognized as the cutting-edge technology that it is,” said CHGT CEO Omar T. Durham. “With key patents expiring this year, 3D printers that use wood, metal and fabric could bring historic change to engineering and revolutionize a variety of industries worldwide. Right now major players, including the global defense industry, are investing heavily in the 3D printing of clothing, synthetic body parts, even food.”
Durham says 2015 could be the tipping point for 3D printing and the day is coming – and soon – where those without 3D printing capability will be at a competitive, or even a tactical, disadvantage. The 3D printing market is expected to grow 500 percent over the next five years and analysts predict that the demand for 3D printer materials and services will exceed $10 billion by 2018. Massive growth is expected as the technology is further embraced by small and large scale manufacturers as well as the growing small business and mainstream consumer markets.
CHGT and subsidiary 6th Dimension Technologies are on the verge of launching their interactive, on-demand 3D printing retail portal that will bring the 3D printing experience directly to users and capitalize on the influx of new consumers to the market.
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. (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