CHGT: 3D Printing Can Help in Global Hunt for Oil & Gas

HOUSTON, TX / ACCESSWIRE / April 27, 2016 / Changing Technologies, Inc. CHGT is exploring opportunities to put its 3D printing technology to work in the search for valuable natural resources such as oil and gas.

The company is currently talking with an energy company that would like to use 3D printing techniques to develop elaborate models that could reveal where resources are hidden. For the oil and gas industry, that would mean finding reservoirs and traps containing recoverable oil and gas.

"Our technology would give engineers a way to accurately visualize complex geologic features," said CHGT CEO Marco Valenzuela. "This can greatly reduce the costly risk of a dry hole, and in this low-price era, oil companies want to dramatically cut costs and risks to maximize revenue. So we're finding great interest in using 3D printing in the oil industry. We believe the natural resource market could prove valuable paydirt for CHGT in the future."

The oil and gas industry is presently in the midst of a well-documented global price downturn, although some analysts are predicting a rapid recovery by 2018.

Recent research has shown the red-hot 3D printing market continues to rapidly accelerate. One forecast indicates the sector should enjoy a robust 13.5 percent CAGR rate over the next decade to become a $15 billion global market by 2025. Other analysts predict double that amount, topping $30 billion by 2022.

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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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.

Contact:

Changing Technologies, Inc.
Marco Valenzuela, 713-300-3806
President and CEO
marco@6d3d.com

SOURCE: Changing Technologies, Inc.