[July 16, 2014]

CHGT: 3D Printing Continues Exponential Growth Trajectory

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 printers.

"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.

[ Back To TMCnet.com's Homepage ]