St PAUL: 3M, 3M Innovative Properties Co. and Cinotop Electronics Co., Ltd. have reached a patent license agreement for use of 3M’s metal mesh technology. Metal mesh conductor technology is widely used in the construction of projected capacitive touch sensors for consumer and commercial applications. Metal mesh conductors have broad applicability across touch sensors of…
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3M and HP collaborate to support social distancing while businesses reopen
SAINT PAUL: 3M and HP Inc. announced a new collaboration to share free-of-charge large-format graphics for commercial signage applications that are crucial to communicate social distancing and health and safety messages as public spaces, workplaces and businesses reopen amid the continued COVID-19 pandemic. The 3M Graphics COVID-19 Related Signage library for HP is a free,…
3M settles two lawsuits in Florida
ST. PAUL: 3M Company has settled two lawsuits connected with the company’s global efforts to combat fraud, price gouging and counterfeiting. 3M Company and King Law Center, Chartered have resolved the legal action 3M initiated in federal district court in Orlando, Florida. The litigation has been amicably resolved through a mutually beneficial agreement, and the…
3M completes sale of its drug delivery business
BOSTON: 3M has announced that it has completed the sale of substantially all of its drug delivery business to an affiliate of Altaris Capital Partners, LLC., for approximately $650 million in total. The consideration includes cash, an interest-bearing security, and a 17 percent noncontrolling interest in the new company, Kindeva Drug Delivery that will operate…
Avon Rubber to acquire 3M’s Ballistic-Protection Business
LONDON: Avon Rubber has signed an agreement to acquire 3M’s ballistic-protection business and the rights to the Ceradyne brand for an initial cash consideration of approximately $91 million, subject to closing and customary adjustments. A further contingent cash consideration of up to $25 million is payable depending on the outcome of pending tenders, a release…