HOUSTON — (BUSINESS WIRE) — July 29, 2014 — 6th Dimension Technologies, a wholly-owned subsidiary of Changing Technologies, Inc. (OTCBB: CHGT), has finalized its purchase acquisition of promising tech development company SumLin Technologies, LLC. The transaction furthers the Company’s transition into the booming 3D printing sector that has a projected market growth of 500 percent within the next five years.
The acquisition of SumLin Technologies, which specializes in developing innovative concepts to personalize 3D printing for the consumer end user, is a major coup for CHGT. With the 3D printing marketplace predicted to surpass $16 billion in revenues by 2018, the Company is working to expand its footprint in the rapidly growing space.
“After an intensive search of potential acquisition targets, SumLin Technologies best aligns with the Company’s vision moving forward,” CHGT CEO Omar T. Durham said. “The personalized 3D printing segment is a cutting-edge space that is on the verge of huge gains, and this acquisition allows us to potentially capitalize on the growth trajectory of this market.”
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.
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.
Changing Technologies, Inc.
Omar T. Durham, 713-300-3806
President and CEO