The Electronic Solution Division (ESD) of 3M Company (MMM) recently introduced a new cable-to-board interconnect solution to help designers meet the ever-growing demand for high-density equipment. It launched the 3M Ribbon Cable wiremount socket assembly 451 series and the 3M shrouded boardmount header 452 series. The fine .050 inches pitch ribbon cables save space on the printed circuit boards (:PCB); thus enabling high connection density.
These interconnect solutions will help equipment manufacturers to achieve higher-density designs to meet the requirement of their customers and deliver on performance reliability and cost savings. The insulation displacement contact (:IDC) technology incorporated in the ribbon cable wiremount socket assembly helps to maintain secure connections and high signal integrity. Also, IDC connector’s mass termination capability reduces the need for expensive automated termination equipment and facilitates manual cable assembly operations.
There is an increasing demand for these interconnect solutions in communications, military/aerospace, industrial production, data center and high-performance computing applications. Thus, the strategic launch of these products is expected to increase the company’s sales.
3M remains focused on inventing new products and maintaining its competitive advantage worldwide. The rise in demand for innovative 3M product services is likely to augment its overall revenues.
3M, together with its subsidiaries, operates as a diversified technology company with manufacturing operations spread over 70 countries. The company aims to deliver innovative security solutions to businesses and governments worldwide, thus maintaining the security of people and documents. ESD is a provider of advanced electronic thin substrates and sensors, components and comprehensive systems for enhancing and managing electronic signal properties.
3M currently has a Zacks Rank #3 (Hold). Other stocks that look promising and are worth a look now are Federal Signal Corp (FSS), having a Zacks Rank #1 (Strong Buy), and ITT Corporation (ITT) and LSB Industries Inc (LXU), both having a Zacks Rank #2 (Buy).