HOUSTON — (BUSINESS WIRE) — September 3, 2015 — Changing Technologies, Inc. (OTCBB: CHGT) is examining entering the large-format 3D printing market â€“ a move that would enable the company to expand its growing array of printing offerings and start a promising new revenue stream.
Large-format 3D printing involves much bigger pieces than currently produced in most 3D printing operations. It includes items ranging from life-size mannequins all the way to pedestrian bridges and housing units, motorcycles and even jet engines. CHGT would concentrate on furniture and architectural models for its proposed large-format offering.
â€śLarge-format 3D printing will offer many exciting opportunities for CHGT to grow and expand into new, untapped markets,â€ť said CEO Marco Valenzuela. â€śItâ€™s the next step in what many are calling the Third Industrial Revolution and we intend to be a leader in utilizing this game-changing technology. By adding large-format printing to our portfolio, customers will know CHGT can provide innovative, knowledgeable solutions to their 3D needs. The revenue possibilities are tremendous.â€ť
3D printing continues to become ever more important in American business. Currently, 75 percent of large companies have adopted 3D printing and 59 percent of smaller companies are using it. The market is growing so fast, analysts have had difficulty projecting future revenues, with estimates ranging from $8.6 billion to $21 billion by 2020.
For more information on CHGT, please visit www.changingtechno.com.
For more information on 6th Dimension Technologies, please visit http://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 â€” 6th Dimension Technologies â€” 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 â€śbelieves,â€ť â€śexpects,â€ť â€śanticipatesâ€ť 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 anyoneâ€™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.
Marco Valenzuela, 713-300-3806
President and CEO