HOUSTON — Changing Technologies, Inc. (OTCQB:CHGT) is working on several unique child-safe pill and medication box prototypes as the company pursues opportunities in the rapidly expanding healthcare 3D printing market.
The containers all feature safe, secure locking mechanisms that adults can easily open but that should make it difficult for small children to access the potentially dangerous contents inside.
“The healthcare field offers tremendous upside and our prototypes have already drawn strong interest from a company that markets medical cannabis delivery systems,” said CHGT CEO Marco Valenzuela. “That’s one area with a lot of future potential thanks to changing state and local laws. We expect there to be plenty of upcoming demand for this type of attractive, affordable solution there, as well as from other concerned patients wanting to keep any adult medication safe from curious children.”
One of the more promising, cost-effective designs CHGT has engineered to date is the Lock Box – an oblong container that features a sliding lid mechanism requiring adult strength to open.
Forecasts show 3D printing for medical applications will enjoy an impressive 15.4 percent compound annual growth rate (CAGR) over the rest of this decade. The market will increase to $965 million by 2019, up from $354 million in 2012.
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).
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,” “anticipates” 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.
Changing Technologies, Inc.
Marco Valenzuela, 713-300-3806
President and CEO