CarbonMeta Technologies (COWI) Launches Subsidiary for Upcycling Plastic Waste into 3D Printing Filament

Rhea-AI Summary

CarbonMeta Technologies (OTC PINK:COWI) has launched a subsidiary, Carbon Source Inc., to develop upcycled 3D printing filaments. The global 3D printing plastics market is projected to grow from $698 million in 2021 to $1.96 billion by 2026, with a CAGR of 28.3%. Carbon Source plans to produce filaments primarily from post-consumer plastics, addressing the significant issue of plastic waste. Their product line includes High Impact Polystyrene (HIPS), with prices ranging from $24.99 to $94.99, available online.

Positive

• Launch of Carbon Source subsidiary to target the growing $1.96 billion 3D printing plastics market.
• Focus on using at least 50% post-consumer plastics in product development, addressing plastic waste issues.
• Introduction of custom filament development programs for various sectors, enhancing potential market reach.

Negative

• None.

New Carbon Source subsidiary opens online store for upcycled 3D printer filaments

WOODINVILLE, WA / ACCESSWIRE / December 14, 2021 / CarbonMeta Technologies Inc. (OTC PINK:COWI) today announces the launch of its new subsidiary, Carbon Source Inc., which will market and develop upcycled 3D printing filaments.

According to Market Data Forecast, the global 3D printing plastics market size was more than $698 million in 2021 and is expected to reach $1.96 billion by 2026, registering a CAGR of 28.3%. 3D printer filaments can be made from a variety of thermoplastic materials, including those from recycling. However, as much as 80% of plastic waste is disposed in landfills, waterways or oceans, meaning only a small percent is recycled.

"The problem of upcycling post-consumer plastics is enormous, and we want to help solve this problem," said Lloyd Spencer, chairman and CEO of parent company CarbonMeta Technologies, Inc., and president of subsidiary Carbon Source, Inc. "Turning plastic waste streams into 3D printing products is an important goal, and making this a sustainable business for investors and customers is equally important."

To address this growing market, CarbonMeta Technologies' new Carbon Source subsidiary will market and develop upcycled 3D printing filaments, the majority of which will be comprised of at least 50% post-consumer plastic wastes.

"Demand for 3D printer filament products made from post-consumer plastics has been steadily growing over the past decade," added Bill Macy, president of Macy Consulting. "Department of Defense agencies and commercial manufacturers have increased demand for 3D printed products that are made from post-consumer plastics to meet their net zero initiatives."

Carbon Source is currently marketing a High Impact Polystyrene (HIPS) 3D printer filament and plans to market 3D printer filaments comprising at least 50% post-consumer Polyethylene Terephthalate (PET/PETE/PETG), Poly Lactic Acid (PLA) and Polyethylene.

In addition, Carbon Source plans to offer custom 3D printer filament development programs to corporate, government and makerspace customers that want to upcycle waste plastic streams.

Availability and Pricing

Carbon Source is offering a High Impact Polystyrene product line with prices ranging from $24.99 to $94.99. Customers can purchase products using Carbon Source's online store: www.Carbon-Source.com/Buy-Now

About CarbonMeta Technologies Inc.

CarbonMeta Technologies (OTC PINK:COWI), headquartered in Woodinville, Wash., is transitioning into a resource reclamation company that will process organic wastes and generate economically sustainable hydrogen and high-value carbon products.

For more information about the company, please visit www.CarbonMetaTech.com.

About Carbon Source Inc.

Carbon Source Inc. is a wholly owned subsidiary of CarbonMeta Technologies that is based in the United States, and whose focus is on upcycling post-consumer plastic waste into 3D printing filaments to help build a more sustainable future.

For more information about the company, please visit www.Carbon-Source.com.

Forward-Looking Statement

This press release may contain certain forward-looking statements 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. The ability of the Company to complete and file its Fiscal Year 2016 annual report on Form 10K relies on third parties to complete their activities. Investors are cautioned that such forward-looking statements involve risks and uncertainties, which include among others, the inherent uncertainties associated with smaller reporting companies, including without limitation, other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.

CONTACT INFORMATION
Mark Duiker
CarbonMeta Technologies Investor Relations
(844) 641-2676, option 3
Investor@CarbonMetaTech.com

SOURCE: CoroWare, Inc.

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https://www.accesswire.com/677424/CarbonMeta-Technologies-COWI-Launches-Subsidiary-for-Upcycling-Plastic-Waste-into-3D-Printing-Filament

FAQ

What is CarbonMeta Technologies' new initiative?

CarbonMeta Technologies has launched a subsidiary, Carbon Source Inc., to develop upcycled 3D printing filaments.

What is the expected growth of the 3D printing plastics market?

The global 3D printing plastics market is expected to grow from $698 million in 2021 to $1.96 billion by 2026.

How will Carbon Source contribute to sustainability?

Carbon Source aims to use at least 50% post-consumer plastics in their 3D printing filaments, helping to reduce plastic waste.

What products are offered by Carbon Source?

Carbon Source is currently marketing High Impact Polystyrene (HIPS) filaments and plans to develop others from recycled plastics.

Where can I purchase Carbon Source products?

Products are available for purchase through Carbon Source's online store at www.Carbon-Source.com/Buy-Now.