HOUSTON — (BUSINESS WIRE) — November 11, 2014 — Changing Technologies, Inc. (OTCBB: CHGT) is seeking out new partnership opportunities in Canada where 3D printing is gaining widespread popularity and helping to resuscitate the country’s manufacturing sector.
“Canada has embraced 3D printing. A number of 3D printing companies are setting up shop across Canada to meet the growing demand for this kind of cutting-edge technology. 3D printing is changing the way we make things here at home and around the world,” CHGT CEO Omar T. Durham said. “We are working to expand our 3D printing footprint internationally and with Canada fully on board with 3D printing, we are excited about the possibility of acquiring licensing and printing partners there.”
A new report by consulting firm Wohlers Associates says there’s a 3D printing revolution happening as U.S. and international mainstream acceptance continue to drive the industry. Wohlers says the global 3D printing market eclipsed $3 billion last year, with a compound annual growth rate (CAGR) of 34.9 percent, the highest in 17 years. Worldwide revenue growth over the past 26 years averaged 27 percent, according to Wohlers, and CAGR over the last three years was 32.3 percent.
Durham says CHGT is accelerating efforts to add to its portfolio while development continues on the company’s groundbreaking interactive portal being developed by Adverion Incorporated for its subsidiary, 6th Dimension Technologies.
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