CHGT Primed for Quick Growth as 3D Printing Increases Its Frantic Pace
By Business Wire News
By Business Wire News
Changing Technologies, Inc. (OTCBB: CHGT) continues to feverishly ramp up for further growth in the 3D printing industry as the market for both technology and content hasn’t cooled, but instead gets even hotter.
The widely-quoted Wohlers Report forecast two years ago predicted 3D printing would be a worldwide $10.8 billion (USD) industry by 2021. That forecast has now been revised to more than double that amount – $20 billion (USD) – by 2020.
Meanwhile, a leading industry survey from respected research firm Gartner found that the market is moving quickly beyond prototyping and product development, the main 3D printing applications today. The report confidently states that, “by 2018, almost 50 percent of consumer, heavy industry and life sciences manufacturers will use 3D printing to produce parts for the items they consume, sell or service.”
CEO Omar Durham said these positive market indicators prove a definitive need for CHGT’s revolutionary 3D printing portal. “These widely renowned reports show the 3D printing market, already robust, will continue its rapid growth,” Durham said. “What’s needed now is a way to seamlessly connect content creators and printers. As 3D printing grows, demand for our portal should increase at an even faster pace, and with that will come greater revenue and a stronger bottom line.”
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.
Omar T. Durham, 713-300-3806
President and CEO