Companies – Summaries
continues to grow rapidly, 3M Touch Systems, a wholly owned subsidiary of 3M Company (NYSE: MMM), announced the availability of two multi- touch monitors – 18.5- and 21.5-inch display sizes – that extend the immersive user experience to the desktop. Offered as the 3M Multi-Touch Display M1866PW (18.5”) and the 3M Multi-Touch Display M2167PW (21.5”), these multi-touch displays take interactive display technology to the next level by combining uncompromising performance (20 simul- taneous touches at 6 millisecond response time), brilliant high-definition graphics powered by LED
s consumers’ preference for the sleek, modern industrial design of smart phones and tablets
backlights, wide viewing angles and elegant product design into a series of fully-integrated, easy-to-use desktop displays.
3M New Ventures, the corporate venture orga- nization of 3M, also announced an investment in HydroNovation Inc. of California, U.S., a developer of next- generation water conditioning systems for re- sidential and food service industry applications. The Series B round financing included a second invest- ment by Clean Pacific Ventures. Terms of the trans- action were not disclosed.
3M reported also record fourth-quarter sales of $7.1 billion, up 5.7% year-on-year. Earnings were $1.35 per share, an increase of 5.5% versus the fourth quarter of 2010. The company generated $1.2 billion in free cash flow during the quarter, equal to 128 percent of net income.
million in an all-cash transaction. VelQuest is the leader in paperless lab execution systems supporting current Good Manufacturing Practices (cGMP) for FDA-regulated industries including pharmaceuticals and biotechnology organizations. Accelrys‘ acquisiti-
ccelrys, Inc. (NASDAQ: ACCL) has acquired privately-held VelQuest Corporation for $35
12-01 :: January 2012