Companies Facts – Summaries
3M, through its New Ventures Business, has invested in 7AC Technologies Inc., a Woburn, Mass.-based developer of high efficiency heating, ventilation and air conditioning (HVAC) systems that use liquid desiccant technology to remove humidity from the air. The terms of the transaction were not disclosed.
"This investment by 3M New Ventures is a highly significant vote of confidence in our plastic plate liquid desiccant technology," said Peter Vandermeulen, CEO and founder, 7AC Technologies. "Being able to leverage the material and manufacturing expertise of a global leader like 3M is an exciting strategic mi- lestone for us. We already use a significant amount of 3M products in our designs. As we move into the commercialization and volume ramp phase of our development the addition of 3M to our growing list of partners will serve to strengthen our ability to bring liquid desiccant solutions to mainstream HVAC applications."
The Board of Directors of 3M also declared a dividend on the company’s common stock of 59 cents per share for the third quarter of 2012, payable Sept. 12, 2012, to shareholders of record at the close of business on August 24, 2012. 3M has paid dividends to its shareholders without interruption for 96 years. As of June 30, 2012, 3M had 691,319,463 common shares outstanding and 98,747 shareholders of record.
3M’s line of Flexographic Plate Mounting Tapes are now HD Flexo certified by EskoArtwork. The certification process requires companies to consistently produce ten different print samples from five different jobs using HD Flexo technology. This focus on consistent quality mirrors 3M’s already rigorous standards for product performance, making it a natural fit for Esko's certification program.
http://www.7actech.com http://www.3M.com
Acacia Research Corporation (NASDAQ: ACTG) reported results for the three months ended June. Revenues in the second quarter of 2012 were $50,484,000, as compared to $39,746,000 in the comparable prior year quarter. Revenues for the six months ended June 30, 2012 were $149,524,000, as compared to $100,876,000 in the comparable prior year period. GAAP net income in the second quarter of 2012 was $6,321,000, or $0.13 per diluted share, as compared to GAAP net income of $2,139,000, or $0.05 per diluted share for the comparable prior year quarter. Non-GAAP net income in the second quarter of 2012 was $20,953,000, or $0.43 per diluted share, as compared to $8,161,000, or $0.19 per diluted share for the comparable prior year quarter. See below for information regarding non-GAAP measures. Trailing twelve-month revenues as of the
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