Company Website:
http://www.changingtechno.com/
HOUSTON -- (Business Wire)
As Changing
Technologies, Inc. (OTCBB: CHGT) continues to develop innovative new
retail 3D printing strategies, the global 3D printing industry is set to
make a major leap this year. Industry research firm Gartner,
Inc., forecasts that worldwide
3D printer shipments will double in 2015, rising to 217,350 units
from last year’s total of 108,151.
What’s more, Gartner predicts that 3D printer shipments will continue to
more than double every year for the next three years, when worldwide
shipments are forecast to surpass 2.3 million units. Key market drivers
for new 3D printers include lower prices, improved performance and
increasing availability.
“3D printing innovators are delivering better, less costly products, and
that is leading to an explosion in demand from consumers,” said CHGT CEO
Omar T. Durham. “The market has reached an inflection point. Our company
plans to capitalize on the projected growth by delivering convenient and
superior 3D printing services to the public that can’t be matched by any
consumer-ready machine.”
Indeed, the 2.3 million shipments forecast for 2018 by Gartner represent
only a fraction of the total potential marketplace of consumer, business
and government applications for 3D printing technology. CHGT has put
together a business plan designed to capture more of this potential
business by delivering an on-demand, interactive retail 3D printing
experience. The company is developing an online 3D printing portal built
by interactive software developer Advarion
Incorporated for CHGT subsidiary 6th
Dimension Technologies (6D3D) that will give users the ability to
search its database for printable 3D models and purchase them from the
site. It will also offer original equipment manufacturer (OEM)
replacement-part manufacturing, as well as licensing opportunities for
game and animation developers.
For more information on CHGT’s 3D printing projects, please visit www.changingtechno.com/investors.
For more on 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).
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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
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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.
Contacts:
Changing Technologies, Inc.
Omar T. Durham, 713-300-3806
President
and CEO
omar@changingtechno.com
Source: Changing Technologies, Inc.
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