Diversified conglomerate 3M Company (MMM) recently announced the availability of Cold Shrink QS4 Integrated splice for the construction and industrial market. Introduced to the utility market last year, the Cold Shrink QS4 splice integrates cold shrink technology and all the layers of a shielded power cable splice into one joint to facilitate easier and faster installation.
The new QS4 splice is designed to meet the IEEE () standards and the integrated design helps in reduction of parking space while simplifying installation for construction and industrial applications. The easy-pulling yellow core and the efficient re-jacketing tube eliminate additional core and messy grease. The new QS4 splice features smooth edge shielding and helps in reduction of field time while creating a superior electrical interface. The product is aimed to provide the utility contractors with an innovative, high quality solution that support the construction and operations of electrical infrastructure.
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 ensuring 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 include Noble Group Ltd. (NOBGY), having a Zacks Rank #1 (Strong Buy), and CLARCOR Inc. (CLC) and Crane Co. (CR), both having a Zacks Rank #2 (Buy).