system
Answer the question or perform the task.
human
Change the verb tense in this paragraph to the past tense.

Relevant data:
"The company is currently developing a new product that will revolutionize the industry. They are aiming to release it next year and have been receiving positive feedback from consumers."
gpt
The company was developing a new product that would revolutionize the industry. They aimed to release it next year and had been receiving positive feedback from consumers.