3M Touch Systems, a wholly-owned subsidiary of diversified technology conglomerate 3M Company (MMM), recently launched a new touchscreen solution to deliver clarity and superior optical performance. The product, titled 3M MicroTouch System SCT3210EX, will likely augment the revenues of the Display and Graphics segment of 3M and concurrently strengthen its position as one of the premier manufacturers of surface capacitive touchscreen products.
The new touchscreen solution has a pristine glass surface that complements the high-definition interactive LCD screen graphics to provide life-like images for popular applications such as healthcare displays, gaming consoles, and digital signage installations.
3M will offer the new product in various sizes ranging from 10 to 32 inches. In addition to the robust surface durability features, the latest touchscreen solution boasts an immaculate surface finish and is a strategic fit to 3M’s Surface Capacitive product portfolio. The product is marketed through electronics distributors, such as All American Semiconductor, DigiKey Electronics, Mouser Electronics and Newark Corporation.
Consistent with its long-term strategy of accelerating investments in high-growth programs, 3M strives to deliver sustainable increases in sales, earnings and free cash flow. The company’s ability to convert high R&D spends into up-cycle market share gains, pricing power, and margin determines its success over the years.
Formerly known as Minnesota Mining and Manufacturing Company, 3M was founded in 1902 and is currently based in St. Paul, Minnesota. The company operates as a diversified technology enterprise with manufacturing operations across 70 countries. It has more than 35 business units organized into six segments: Consumer and Office; Display and Graphics; Electro and Communications; Healthcare; Industrial and Transportation; and Safety, Security and Protection Services.
3M presently has a Zacks Rank #4 (Sell). Other companies in the industry that are worth mentioning include Crane Co. (CR), Honeywell International Inc. (HON), and Macquarie Infrastructure Company LLC (MIC), each carrying a Zacks Rank #2 (Buy).
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