HOUSTON — (BUSINESS WIRE) — July 10, 2014 — With the global 3D printing market projected to experience unprecedented growth, forward-thinking technology company Changing Technologies, Inc. (OTCBB: CHGT) announced today the Company is targeting the consumer end user by looking for innovative ways to bring the technology experience mainstream.
To start, CHGT will focus on building a diversified base of 3D printing assets. The company has formed a new subsidiary, 6th Dimension Technologies, and is already examining potentially lucrative new acquisition targets with promising projects in their development pipelines.
The 3D printing market has experienced unprecedented, technology-driven growth in recent years that shows no signs of slowing down. A recent report by the McKinsey Global Institute suggests the 3D printing industry could generate an economic impact of $230 billion to $550 billion per year by 2015.
CHGT plans to meet the expected increased consumer demand for 3D printing by adding exciting new assets to its portfolio.
“We are concentrating our efforts on expanding the Company’s assets as this booming technology continues to grow,” CHGT CEO Omar T. Durham said. “Consumers are asking for this new technology. These acquisition targets will help us meet what we expect will be overwhelming demand for the services we provide to the everyday consumer.”
Changing Technologies, Inc. is an emerging technology company focused on developing innovative concepts to bring to consumers. 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