On Wednesday, Shares of 3M Co (NYSE:MMM), lost -0.53% to $148.32.
As the U.S. Armed Forces seek to improve agility and mobility, the U.S. Army is making great efforts to reduce the weight soldiers must carry without sacrificing protection. Body armor is vital to that effort. Ceradyne, Inc., a 3M company, received a contract modification worth $34 million from the Army to provide 28,000 pieces of body armor under the Soldier Protection Systems Vital Torso Protection program for lightweight improved small arms protective inserts (ESAPI).
Worn by U.S. soldiers, sailors, airmen and Marines, ESAPI ceramic armor plates are inserted into outer modular tactical vests to provide torso protection against small arms fire. Ceradyne-produced ESAPI plates reduce weight significantly over the previous generation of inserts while providing the same level of protection.
“We’ve made it our mission to leverage innovation in advanced materials science to reduce the weight burden carried by soldiers,” said Cheryl Ingstad, business manager, Advanced Ceramics Platform – Defense, 3M. “3M’s capability to decrease the weight of products, while maintaining or even enhancing performance characteristics, is well-recognized in industries from automotive to apparel. 3M has deep expertise in safety products used by the military, such as Peltor tactical communications systems from 3M, and head, eye, hearing and respiratory protection. 3M is the only provider to supply the U.S. Armed Forces with both body armor and the most advanced helmet available, the improved combat helmet (ECH).”
3M Company operates as a diversified technology company worldwide. Its Industrial segment offers tapes; coated, non-woven, and bonded abrasives; adhesives; ceramics; sealants; specialty materials; filtration products; closure systems for personal hygiene products; acoustic systems products; automotive components; abrasion-resistant films; structural adhesives; and paint finishing and detailing products.
Shares of Quantum Corp (NYSE:QTM), inclined 14.08% to $0.980, during its last trading session.
Quantum Corp., declared that Claire Giordano, senior director of Emerging Storage Markets, and Shawn Stephens, systems engineer supporting oil and gas accounts for HGST, will present at the Society of HPC Professionals during the Society of Exploration Geophysicists International Exposition. The presentation will focus on the massive improvement in the amount of pre-stack seismic data being collected and processed — and how recently’s oil and gas workflows can benefit from object storage technology.
Quantum Corporation provides scale-out storage, archive, and data protection solutions for small businesses to major enterprises in the Americas, Europe, and the Asia Pacific. Its scale-out storage portfolio comprises StorNext software, appliances and full systems called StorNext Pro Solutions, in addition to Lattus extended online storage and Q-Cloud Archive services.
Finally, Trimble Navigation Limited (NASDAQ:TRMB), ended its last trade with 3.80% gain, and closed at $17.77.
Trimble, declared that it has attained privately held PocketMobile headquartered in Stockholm, Sweden. PocketMobile is a leading European provider of enterprise mobile workforce solutions for international customers in the areas of postal service and logistics, security, and field service. The acquisition accelerates Trimble’s development in the high-growth field-to-office mobility market. Financial terms were not revealed.
PocketMobile’s PreCom platform is a scalable, enterprise mobility platform for companies with a large mobile work force. These customers often have complex and business critical processes, with information-heavy and time critical requirements, and multiple backend systems. The PreCom platform provides functionality templates and tools that enable system integrators or the customer to efficiently build, configure and maintain mobile solutions, tailored to their unique workflows. PreCom seamlessly connects the field-to-office and simplifies work processes. The PreCom platform provides a scalable and flexible single system, which supports multiple mobile workforce users, devices and workflows. PocketMobile’s partner network comprises more than 150 certified developers and system integrators with a PreCom Center of Excellence. The PreCom platform is used in more than 25 countries.
The market outlook for platform-based mobile workforce solutions is growing rapidly as technology shifts to smart phones, new mobile operating systems and the requirement to quickly introduce new services.
Trimble Navigation Limited provides technology solutions to enhance the work processes of office and mobile field professionals worldwide. The company’s Engineering and Construction segment offers field and office software for route selection and design; systems to guide and control construction equipment; systems to monitor, track, and manage assets, equipment, and workers; software to share and communicate data; 3D conceptual design and modeling software; BIM software for design, construction, and maintenance; integrated site layout and measurement systems; application products; integrated workplace administration services software; capital program and facility administration solutions; and field based data collection systems and software, communications systems, and back-office software.
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