HOUSTON — (BUSINESS WIRE) — February 25, 2015 — As Changing Technologies, Inc. (OTCBB: CHGT) prepares new products and services for the fast-growing $3.8 billion 3D printing industry, the company is exploring a new innovation that could make 3D printing technology more valuable than ever before.
The 3D printing of integrated circuitry components advances the technology from plastic parts and trinkets to the creation of sensors, antenna, batteries and customized circuit boards to design smartphones, personal computers and more.
“This is the future of 3D printing,” said CHGT CEO Omar T. Durham. “Giving people the opportunity to print their own circuits allows for limitless possibilities in terms of what we can design, create, and repair. Soon days and weeks spent forming an electric prototype will be shortened to about an hour.”
Analysts predict that the demand for 3D printer materials and services will exceed $10 billion by 2018, registering a compound annual growth rate (CAGR) of 43.8 percent over the next five years. With a $1.8 billion market value in 2013, the space is forecast for massive growth as the technology is further embraced by small and large-scale manufacturers as well as the growing small-business and mainstream consumer markets.
CHGT is an emerging leader in the rapidly expanding industry with continued research, development and production of the latest in 3D printing technology to meet consumers’ needs.
For more information on CHGT, please visit www.changingtechno.com/investors.
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 Voxelijet AG (VJET), Arcam AB (AMAVF), and ExOne Co. (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