HOUSTON — (BUSINESS WIRE) — October 6, 2014 — As 3D printing continues gaining mainstream momentum, the technology recently took a giant leap when the first 3D printer landed in space last week. The global visibility from the event is a promising development for forward-thinking company Changing Technologies, Inc. (OTCBB: CHGT) as it pursues opportunities in the red-hot 3D printing sector.
Covered extensively by major domestic and international broadcast and print media outlets, the Zero G 3D printer arrived last week at the International Space Station (ISS) aboard the SpaceX Dragon rocket for the National Aeronautics and Space Administration (NASA). While NASA intends to use 3D printers for experimental purposes with the hopes of printing parts for ISS on-demand, the event put a massive spotlight on the advances 3D printing can offer.
Projected to exceed $18 billion in revenues by 2018, 3D printing technology is quickly gaining traction with mainstream consumers and could be poised to surpass previous revenue projections.
“Having 3D printing associated with NASA brings instant credibility to the technology and, in turn, mainstream acceptance,” CHGT CEO Omar T. Durham said. “It is exciting that a globally recognized brand such as NASA is utilizing 3D printers on its missions.”
Changing Technologies, Inc. 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. 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. For more on 6th Dimension Technologies, visit www.6D3D.com.
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.
Contact:
Changing Technologies, Inc.
Omar T. Durham, 713-300-3806
President
and CEO
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