HOUSTON — (BUSINESS WIRE) — November 3, 2014 — Changing Technologies, Inc. (OTCBB: CHGT) CEO Omar T. Durham says the recent announcement about technology giant Hewlett-Packard (NYSE: HPQ) spinning off a 3D printing company signals mainstream acceptance of the cutting-edge technology and provides momentum for CHGT’s upcoming online retail portal that will provide consumers a state-of-the-art platform where they can order and purchase 3D printed items.
“Thanks to HP’s massive global reach we now have a giant spotlight on the 3D printing industry, which is good news for the rest of us already in the space, and the arrival of a major technology company means mainstream acceptance by consumers, which positively affects CHGT and our 3-D on-demand retail portal currently in development,” Durham said.
CHGT is developing a unique on-demand, interactive retail 3D printing experience to capitalize on the continuous influx of new consumers to the market. The portal, being developed by interactive software developer Advarion Incorporated for CHGT subsidiary 6th Dimension Technologies (6D3D), 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.
Hewlett-Packard announced it would split its business into two, separating its cloud computing and data storage services (now Hewlett-Packard Enterprise) from HP Inc., which will focus solely on 3D printing and other printing and PC services.
“Hewlett-Packard had more than $112 billion in revenues last year, so their entry into the 3D printing sector accelerates the already growing visibility for a market projected to grow 500 percent over the next five years. Come on in HP, the water’s fine.”
For more information on CHGT, please visit www.changingtechno.com/investors.
For more on 6th Dimension Technologies, visit www.6D3D.com.
About Changing Technologies, Inc.
Changing Technologies, Inc. (OTCBB: 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