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CHGT: Huge Market Opens as Pro Sports Embrace 3D Printing Revolution

2014-09-02 05:00 ET - News Release


HOUSTON -- (Business Wire)

The high profile world of professional sports is beginning to fully embrace cutting-edge 3D printing tools, potentially putting upstart tech companies such as Changing Technologies, Inc. (OTCBB: CHGT) in pole position for profits.

According to 3DPrint.com, the National Association for Stock Car Auto Racing (NASCAR) and Formula One have been utilizing 3D printing technology to solve electrical problems with vehicles and to test new parts. Super GT and FIA GT Championship competitor Nissan Motorsports (Nismo) is ramping up its use of 3D printing by using the technology to build prototypes of new parts and directly manufacture end-use parts for their V8 super cars.

NASCAR races alone drew 5.8 million television viewers in 2013, and auto racing telecasts last year attracted over 70 million unique viewers.

“3D printing being accepted in auto racing and the global visibility that sport possesses presents potential opportunities that will expand the market significantly,” CHGT CEO Omar T. Durham said. “To attract this demographic could be a game-changer for the popularity of 3D printing in the mainstream.”

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).

For more information on CHGT, please visit www.changingtechno.com/investors. For more on 6th Dimension Technologies’ groundbreaking 3D printing online portal, visit www.6D3D.com.

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.

Contacts:

Changing Technologies, Inc.
Omar T. Durham, 713-300-3806
President and CEO
omar@changingtechno.com

Source: Changing Technologies, Inc.

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