MRO Magazine

CHGT Looks to Continue Rapid Expansion Into Medical 3D Printing

By Business Wire News   


Changing Technologies, Inc. (OTCBB:CHGT) is currently in discussions to design a set of customized headrests for patients undergoing Magnetic Resonance Imaging (MRI) testing at a Houston-area cancer clinic. The proposed work would continue a spate of recent 3D design and printing projects for CHGT as the company seeks to grow its revenue stream.

“This is a key project for us as it could open other doors into the lucrative medical and healthcare industries,” said CHGT CEO Marco Valenzuela. “The medical field has many 3D printing opportunities and by adding this project to our portfolio, we’ll able to show we have the knowledge, innovation and experience to meet the industry’s complex design and manufacturing needs. This project would further solidify our revenue base.”

The headrest project offers several unique challenges for CHGT. The MRI testing environment limits the fabrication materials that can be used. They cannot interfere or disrupt image resolution or clarity. However, the headrests also have to be durable, provide support and be comfortable, as patients must lie still during the test.

Demand for 3D printing for the medical field is expected to grow through 2020. Currently, healthcare represents 1.6 percent of the total 3D printing market. However, forecasts project this to climb to 25 percent in the near future.

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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 — 6thDimension 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


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