With Worldwide Shipments of 3D Printers Set to Double in 2015, CHGT Preps to Meet Increased Demand
27 January 2015 - 9:00PM
Business Wire
As Changing Technologies, Inc. (OTCBB: CHGT) continues to
develop innovative new retail 3D printing strategies, the global 3D
printing industry is set to make a major leap this year. Industry
research firm Gartner, Inc., forecasts that worldwide 3D printer
shipments will double in 2015, rising to 217,350 units from last
year’s total of 108,151.
What’s more, Gartner predicts that 3D printer shipments will
continue to more than double every year for the next three years,
when worldwide shipments are forecast to surpass 2.3 million units.
Key market drivers for new 3D printers include lower prices,
improved performance and increasing availability.
“3D printing innovators are delivering better, less costly
products, and that is leading to an explosion in demand from
consumers,” said CHGT CEO Omar T. Durham. “The market has reached
an inflection point. Our company plans to capitalize on the
projected growth by delivering convenient and superior 3D printing
services to the public that can’t be matched by any consumer-ready
machine.”
Indeed, the 2.3 million shipments forecast for 2018 by Gartner
represent only a fraction of the total potential marketplace of
consumer, business and government applications for 3D printing
technology. CHGT has put together a business plan designed to
capture more of this potential business by delivering an on-demand,
interactive retail 3D printing experience. The company is
developing an online 3D printing portal built by interactive
software developer Advarion Incorporated for CHGT
subsidiary 6th Dimension Technologies (6D3D) that will
give users the ability to search its database for printable 3D
models and purchase them from the site. It will also offer original
equipment manufacturer (OEM) replacement-part manufacturing, as
well as licensing opportunities for game and animation
developers.
For more information on CHGT’s 3D printing projects, 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).
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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,
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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, 713-300-3806President
and CEOomar@changingtechno.com