HOUSTON — (BUSINESS WIRE) — July 9, 2014 — Changing Technologies, Inc. (OTCBB: CHGT) announced today that it has incorporated a new subsidiary, 6th Dimension Technologies, that will focus on developing innovative concepts to bring 3D printing to mainstream consumers.
6th Dimension Technologies will enable CHGT to pursue additional growth areas and market needs in the booming 3D printing sector. The company expects the 3D printing market to continue growing at an accelerated pace, with industry analysts projecting the sector to reach revenues in excess of $ 16 billion by 2018.
“Forming 6th Dimension Technologies is another step forward as we continue to evolve and transition as a company,” CHGT CEO Omar T. Durham said. “We are confident in the demand for innovations in 3D printing, in particular the consumer-focused area of the sector, as all facets of this technology continue to advance at an accelerated pace.”
Changing Technologies, Inc. is an emerging technology company focused on developing innovative concepts to bring to consumers. Changing Technologies, Inc. is in the cutting-edge technology sphere alongside companies including Voxeljet AG (NYSE: VJET), Arcam AB (OTCBB: AMAVF), and ExOne Co. (NASDAQ: XONE).
For more information on CHGT, please visit www.changingtechno.com/investors.
About Changing Technologies, Inc.
Changing Technologies, Inc. (OTCBB: CHGT) is a forward-thinking company working to be at the forefront of the next generation of consumer-based technology. The Company is positioning itself to leverage the global demand for the latest technological advances and the services they offer.
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