|[July 16, 2014]
CHGT: 3D Printing Continues Exponential Growth Trajectory
HOUSTON --(Business Wire)--
As 3D printing continues to expand its reach into the mainstream,
industry insiders predict that 3D printer shipments will spur market
growth exponentially, a promising sign for cutting-edge technology
company Changing Technologies, Inc. (OTCBB: CHGT) as it continues to
develop innovative concepts to personalize the technology for the
consumer end user in the multi-billion dollar sector.
The International Data Corporation (IDC (News - Alert)), a subsidiary of the
International Data Group, the world's leading technology research
company, projects 3D printing to grow tenfold by 2017. IDC cites the
expected entry of Hewlett-Packard (NYSE: HPQ) into the sector, as well
as Konica Minolta's (News - Alert) agreement to distribute high-end 3D printers. In
addition, IDC believes that expiring patents that control the process of
laser sintering will potentially open new possibilities for home 3D
"Exposing the vast potential of 3D printing to consumers will generate
revenue in a variety of ways," CHGT CEO Omar T. Durham said. "It is
difficult to put a number on the market potential for thi technology
because the opportunity for growth is unlimited."
Changing Technologies, Inc. is transitioning to develop innovative
concepts to bring 3D printing to mainstream users. Changing
Technologies, Inc. plans to emulate other successful technology
companies including Voxeljet AG (NYSE: VJET), Arcam AB (OTCBB: AMAVF),
and ExOne Co. (NASDAQ: XONE).
For more information on CHGT, please visit http://www.changingtechno.com/investors/.
About Changing Technologies, Inc.
Changing Technologies, Inc. (OTCBB: CHGT) is transitioning itself to
develop, deliver and market premier innovations in 3D printing in order
to leverage the worldwide demand for the precision, speed and cost
effectiveness this technology offers.
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.
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