Jul 17 2014
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. 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), 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 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 this 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/.
Source: http://www.changingtechno.com/