3M Touch Systems Inc, a wholly-owned subsidiary of 3M Company (MMM - Analyst Report), recently revealed the 55-inch Projected Capacitive prototype touch screen, featuring ultra-fast touch response for 60 simultaneous touches. 3M is expected to showcase the latest range of its touch screen products at InfoComm 2014 held in Las Vegas. The touch screen will be displayed in a sleek touch concept table arrangement, highlighting its capability for multi-user applications.
Along with the 55-inch touch screen, it will unveil the 3M Multi-Touch System PCT2420PX – a large-format multi-touch system for sizes ranging from 32" to 46", offering high performance to enhance the overall experience of the user. Also, the 3M Multi-Touch Driver MT7.14 offers Microsoft Windows 8 and Windows 7 applications, which can span across configurations of two or more 3M multi-touch displays.
There is an increasing global demand for 3M's multi-touch displays in key sectors including casino gaming, foodservice, hospitality, industrial, interactive digital signage and healthcare. Also, higher proliferation of smartphones and tablets coupled with the increased usage of high-speed data services has increased the demand for better display systems and multi-touch technology.
With 25 years of expertise in capacitive sensing electronics and firmware, 3M is well positioned to meet the interactive technology and service needs of its global customer base. 3M remains focused on inventing new products and maintaining its competitive advantage worldwide. The rise in demand for such innovative 3M products is likely to augment its overall revenue.
3M, together with its subsidiaries, operates as a diversified technology company with manufacturing operations spread over 70 countries worldwide. It has more than 35 business units organized into six segments: Consumer and Office, Display and Graphics, Electro and Communications, Healthcare, Industrial and Transportation, Safety, Security and Protection Services.
3M currently has a Zacks Rank #3 (Hold). Other stocks that look promising and are worth a look now include Hutchison Whampoa Ltd (HUWHY), Noble Group Limited (NOBGY) and ITT Corporation (ITT - Analyst Report), all carrying a Zacks Rank #2 (Buy).