CHGT: Automotive Industry Hitting Full Throttle in 3D Printing Use
By Business Wire News
By Business Wire News
The auto industry has discovered 3D printing can help it make parts (and even entire cars) cheaper, lighter and faster. Changing Technologies, Inc. (OTCBB: CHGT) stands ready to help manufacturers take full advantage of the ever-growing technology through its 3D printing portal, printing services and consulting expertise.
“When it comes to the automotive industry, 3D printing is about to shift into a higher gear,” said CHGT CEO Marco Valenzuela. “Considering how many parts go into building a car, the possibilities for 3D printing are nearly limitless. The biggest advantage is that with 3D technology, carmakers can make parts that are much lighter than traditionally manufactured parts, which helps with meeting CAFE fuel economy standards. We’re heavily targeting the automotive industry and expect it to be a big part of our future revenue stream.”
A recent technology survey found that two out of every three industrial manufacturers, including automakers, were using 3D printing.
Two well-known organizations recently teamed up to show how far 3D printing has advanced for automotive applications. Carroll Shelby International Inc. (founded by late muscle car manufacturer Carroll Shelby) and Oak Ridge National Laboratory constructed a complete 3D Shelby Cobra, a classic auto enthusiast favorite.
CHGT earlier announced it is printing 3D prototypes for a specialized auto parts manufacturer.
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