HOUSTON — (BUSINESS WIRE) — February 11, 2015 — Emerging technology innovators Changing Technologies, Inc. (OTCBB: CHGT) narrowed its list of leadership candidates down to two this week for its 3D printing subsidiary, 6th Dimension Technologies (6D3D).
The company expects to make a hire in the coming weeks in order to meet its aggressive product delivery goals for 2015.
“This is a crucial stage in the development of both our own retail strategy as well as the technology of 3D printing itself,” said CHGT CEO Omar T. Durham. “As such, we need an executive with deep experience in the field of 3D printing who can be ready to help us launch a game-changing suite of products and services that will allow CHGT to begin building market share in this rapidly growing sector.”
CHGT subsidiary 6th Dimension Technologies (6D3D) was formed last year to develop and market high-quality, professional-grade on-demand 3D printed items at retail kiosks. 6D3D seeks to offer consumers the option to customize items from toys to aftermarket auto parts with groundbreaking personalization options at convenient locations across the country.
Analysts predict that the demand for 3D printer materials and services will exceed $10 billion by 2018, registering a compound annual growth rate (CAGR) of 43.8 percent over the next five years. With a $1.8 billion market value in 2013, the space is forecast for massive growth as the technology is further embraced by small and large scale manufacturers as well as the growing small business and mainstream consumer markets.
For more information on CHGT, please visit www.changingtechno.com/investors.
For more on 6th Dimension Technologies, visit 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 Voxeljet AG (NYSE: VJET), Arcam AB (OTCBB: AMAVF), and ExOne Co. (NASDAQ: 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,” “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