San Francisco, CA, January 20, 2015 --(PR.com
)-- TimeWorks LLC has created the initial design of its first “MarketWatch” stopwatch which automatically populates the names of major global stock markets during market hours.
TimeWorks was founded in 2013 as an app company with a vision to finally merge the disjoint but parallel worlds of stock markets and timekeeping. While maintaining that vision, TimeWorks pivoted after market analysis showed steady growth in the traditional stopwatch industry. Founder and CEO Arjun Singh explained, “While cell phones provide convenience, the elegance of a stopwatch will never go away. We feel as if the industry still has significant growth potential. Our goal is to provide a smart, elegant option to the small business owner in Omaha and to the bond trader in New York City.”
The watch will use traditional stainless steel hour and minute wheels with luminous paint, along with recycled aluminum mainsprings and winding pinions. The outer ring of the watch face will digitally populate which of the ten major stock markets are open at any given time. Stock exchanges currently include: NYSE, Nasdaq, Tokyo, London, Shanghai, Hong Kong, Toronto, BM&F (Sao Paolo), Australian Securities Exchange, and the Deutsche Borse (Frankfurt).
Co-founder Nuveen Dhingra reiterated that product quality is the firm’s first priority: "No other app-turned-stopwatch manufacturer has made this kind of commitment to timekeeping accuracy, which we see as a natural extension of our firm’s steadfast approach to quality."
TimeWorks plans to have the first beta model introduced to investors by Fall 2015, with a full production in early 2016. Mr. Dhingra added, “This is a very exciting time for our company, and we hope to share our completed vision with customers in 2016.”
Mr. Dhingra is currently a visiting Professor Emeritus at De Anza University.