HOUSTON — (BUSINESS WIRE) — July 7, 2014 — Changing Technologies, Inc. (OTCBB: CHGT), a cutting-edge technology company, is investigating a potential transition into the booming 3D printing market, a space that is projected to reach $16.2 billion globally by 2018.
“This is a growing market with enormous potential,” CHGT CEO Omar T. Durham said. “3D printing is a red-hot industry that is only scratching the surface of what it will become. This is a sector in which CHGT is currently exploring all options.”
CHGT is examining 3D printing technology and the new revenue streams the sector can provide. Market research firm Canalys projects 3D printing to reach $3.8 billion in revenues this year, while quadrupling profits over the next four years.
“The everyday consumer is going to incorporate some form of 3D printing into their daily life, which makes this sector one that promises to grow,” Durham said. “3D printing is the kind of progressive technology that intrigues CHGT.”
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.
Contact:
Changing Technologies, Inc.
Omar T. Durham, 713-300-3806
President
and CEO
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