HOUSTON — (BUSINESS WIRE) — October 21, 2014 — Changing Technologies, Inc. (OTCBB: CHGT) has begun the initial stages of development for an innovative online retail portal that will provide consumers a state-of-the-art platform where they can order and purchase 3D printed items.
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 with game and animation developers.
“This portal will be a game-changer in the customization and personalization segment of 3D printing, not only for the consumer, but also for third-party developers, engineers and artists who will be able to produce 3D models in any industry-standard format and submit them on consignment,” said CHGT CEO Omar T. Durham. “Our goal is to completely revolutionize on-demand 3D printing and the one-two punch from 6D3D and Advarion ensures that we’ll get there. Advarion’s applications are accessed by tens of millions of Internet users every month in 30 countries and 6D3D’s Print-A-Bit retail kiosks will be the future of buying.”
With the portal officially in development, CHGT is on track to become a preferred provider of customized 3D printed goods — a growing market segment of an industry forecast by analysts to surpass $18 billion by 2018.
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