CHGT: 3D Printing’s Continued Surge Bodes Well for Future Portal and Revenue Growth
By Business Wire News
By Business Wire News
Changing Technologies, Inc. (OTCBB: CHGT) remains upbeat about user and revenue prospects for its upcoming online 3D printing portal after a recent respected industry survey revealed two-thirds of the Top 100 manufacturing companies are employing 3D printing in their industrial process.
“As the survey shows, 3D printing is a robust market that’s only going to continue to grow far into the future,” said CHGT CEO Marco Valenzuela. “We’ve already seen great interest in and demand for our portal that will seamlessly connect designers, users and printers, and allow each to reap the full benefits of this manufacturing and printing revolution. The market is eager to embrace our portal, and this portends well for future revenue once we roll out.”
The survey, conducted by noted industry analysts PwC, also predicted the cost of 3D printers will fall as printer makers debut mid-level desktop models at lower price points, making the technology more affordable for an even wider spectrum of companies.
PwC’s report noted printing speeds will continue to rise, as much as 500 percent, making 3D printing more timely and efficient. Finally, the survey forecasted even greater innovation as several key 3D printing patents are nearing expiration.
Other industry surveys predict 3D printing to be a $20 billion enterprise 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 — 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 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 “believes,” “expects,” “anticipates” 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.
Marco Valenzuela, 713-300-3806
President and CEO