|By Business Wire||
|July 14, 2014 06:19 AM EDT||
As forward-thinking technology company Changing Technologies, Inc. (OTCBB:CHGT) examines new and exciting ways to commercialize the latest innovations, a recent news report suggests that 3D printing is set to become a game-changer in the multi-billion dollar headphone market.
While figurines, household items and even food are examples of smaller-scale items created by 3D printers for the consumer end user, ABC News reported last week that a New York-based company is now mass producing custom-fit earphones using advanced mobile and 3D-printing technologies.
Simply using a phone app and a photo, the earphones are custom-made, have a price-floor under $200 and can be delivered in two days.
NDP Group consumer electronics experts project earphone/headphone sales to exceed $2 billion in 2014. Apple Inc. recently purchased consumer electronics company Beats Electronics LLC (producers of Beats by Dre studio headphones) for a reported $3 billion.
“Consumers are finding that 3D printing can have a significant impact on their daily lives, and items they use can be produced significantly faster and less expensive than current mainstream options,” CHGT CEO Omar T. Durham said.
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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