HOUSTON — (BUSINESS WIRE) — January 27, 2015 — 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).
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