3M Company (MMM) recently introduced the industry’s first Light-Emitting Diodes (:LED) lamps that are approved for enclosed fixtures in commercial applications.
3M LED Advanced Light was cultivated from 3M's multilayer optical film, adhesives and heat management technologies. 3M is a leader in light and heat management solutions with an expertise in optical science and manufactures the LED A19 lamps in the U.S. The 3M LED Advanced Light for commercial applications with advanced heat management is ideal for enclosed fixtures such as ceiling, mount fixtures and residential usage and the product line includes spotlights, flood lights and accent lights.
The 3M LED Advanced Light emit incandescent-bulb-like glow by consuming up to 80% less energy. The 3M LED lights can save consumers up to $140 of electricity bill over a single bulb's lifetime. The LED lamps contain no mercury and offers instant-on illumination, unlike the compact fluorescent light (:CFL) bulbs.
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.
3M remains focused on inventing new products and maintaining its competitive advantage worldwide. The rise in demand for such innovative 3M product services is likely to augment its overall revenues.
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).