HOUSTON--Changing Technologies, Inc. (OTCQB: CHGT) is pursuing promising new on-demand 3D printing possibilities for OEM (original equipment manufacturer) replacements and repair in a variety of industries, including toys and automotive, for starters.
“OEMs are in the business of making original equipment, hence the term,” said CHGT Marco Valenzuela. “They’re not adept at making or stocking replacement parts or repairing broken ones, nor do they want to. OEMs are constantly looking for outside vendors to partner with to supply customers with needed repairs or replacements. Thanks to 3D printing advances, these parts can now be made as needed – on-demand. This means no inventory costs and leads to quicker and cheaper service. Plus it helps to increase customer satisfaction and improves customer engagement. It’s a true ‘win-win’ situation for all involved.”
CHGT will initially concentrate on two primary areas before potentially expanding its search. Toys offer considerable promise, as children frequently break them during play. Americans spend an average of $371 on toys, making the U.S. toy market an $18 billion industry.
Auto parts are another potential target, one in which CHGT has already experienced success. 3D printing is gaining acceptance in the auto industry because it can make lightweight replacement parts at a low cost.
For more information on CHGT, please visit www.changingtechno.com.
For more information on 6th Dimension Technologies, visit http://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 Voxelijet AG (VJET), Arcam AB (AMAVF), and ExOne Co. (XONE).
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