NEW YORK, NY -- (Marketwire) -- 05/30/12 -- The following is an investment opinion highlighting Nike (NYSE: NKE), Oryon Technologies (OTCBB: ORYN), Ralph Lauren (NYSE: RL) and 3M (NYSE: MMM). The global market for smart fabrics and interactive textiles is projected to reach $2.6 billion by the year 2017, according to a new report from Global Industry Analysts Inc. Companies like Oryon Technologies (OTCBB: ORYN) whose patented technology is trademarked as ELastoLite®; a thin, flexible, crushable, water resistant lighting system which was used in the movie TRON: Legacy and 3M's (NYSE: MMM) Durel® Electroluminescent Lighting could be a driver behind this sectors growth.
Companies like Ralph Lauren (NYSE: RL) and Nike (NYSE: NKE), two of the largest and most well-known apparel makers in the US, are utilizing smart fabrics in shoes, accessories, and sportswear to the multi-billion dollar apparel industry. Patrick Williams, who is part of Nike's Apparel Innovation Team, was quoted earlier this year before the Smart Fabrics 2012 convention as saying, "There are several opportunities for smart textiles to become a regular part of our lives. As electronics and computing power continue to become cheap and ubiquitous, smart textiles will be integrated to a much higher degree than they are today."
Oryon Technologies recently released a business overview highlighting its technology and the 55 patents issued or pending worldwide. The Company's patented technology Elastolite® is a 3-part system consisting of a lamp fabricated as a micro-thin film that is durable, malleable, and washable. Elastolite® is currently heat-transferred, and in the future, in-molded, compression-molded or printed onto/into a substrate or base material. For more information, please visit www.OryonTech.com.
This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Information, opinions and analysis contained herein are based on sources deemed to be reliable and are subject to change without notice. A third party has hired and paid Equity News Alert one thousand two hundred and ninety five dollars for the publication and circulation of this news release. Accordingly, certain information included herein may be forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. However, no representation, expressed or implied, is made as to the accuracy, completeness or correctness. In light of the above, we accept no liability for any losses arising from an investor's reliance on or use of this report. We do not and have not had any ownership interest in said third party of any kind.
Equity News Alert