CHGT Looks to Assemble Building Blocks for Future Partnership with Global Toy Make
Changing Technologies, Inc. (OTCQB:CHGT) wants to offer its 3D printing services to world-renowned toymaker LEGO to repair or replace broken or missing pieces, bricks and blocks – a bold move the company believes would produce a strong stream of revenues, if successful.
HOUSTON--(BUSINESS WIRE)--Changing Technologies, Inc. (OTCQB:CHGT) wants to offer its 3D printing services to world-renowned toymaker LEGO to repair or replace broken or missing pieces, bricks and blocks - a bold move the company believes would produce a strong stream of revenues, if successful.
"Were reaching out to LEGO to explore ways to work together," said CHGT CEO Marco Valenzuela. "LEGO not only makes the famous interlocking bricks and blocks, but also a near-infinite variety of minifigure collector sets based on real-life places, themes, movies and video games. When a customer loses or breaks a minifigure piece, it can be difficult to replace. So wed like a license from LEGO to 3D custom-print replacement bricks or repair broken ones. Theres a tremendous market for replacements and the revenue possibilities are immense."
LEGO is a privately held Danish company not required to release sales or revenue figures. However, one LEGO enthusiast claims that 60 million bricks were produced in 2014 and since the companys first brick in 1949, more than 600 billion have been purchased worldwide. In addition, a brand evaluation company recently declared that LEGO has overtaken Italian carmaker Ferrari as the worlds most powerful brand.
Analysts peg overall global toy sales at $84 billion, with the U.S. reaching $18 billion.
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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