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3M Company (NYSE: MMM) delivers cutting-edge materials science solutions across safety, transportation, and consumer markets. This news hub provides investors and industry professionals with centralized access to official corporate developments and market-moving updates.
Track 3M's latest earnings announcements, product innovations, and strategic initiatives through verified press releases and curated analysis. Our repository covers essential updates across all business segments including industrial safety systems, electronic materials advancements, and consumer product developments.
Key content categories include quarterly financial disclosures, manufacturing process innovations, sustainability initiatives, and global market expansions. Each update is presented with contextual clarity to support informed decision-making without speculative commentary.
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ST. PAUL, Minn., Oct. 4, 2022 /PRNewswire/ -- 3M (NYSE: MMM) has announced its upcoming third-quarter 2022 earnings conference call scheduled for Tuesday, Oct. 25, 2022, at 8 a.m. CDT. Investors can join the call by dialing (800) 762-2596 within the U.S. or +1 (212) 231-2916 from abroad. A live webcast will also be available, with a replay accessible on 3M's Investor Relations website, investors.3M.com.
3M (NYSE: MMM) has finalized the sale of its rights to the Neoplast™ and Neobun™ brands along with associated assets in Thailand and parts of Southeast Asia to Selic Corp Public Company Limited. This divestment is in line with 3M's strategy to optimize its portfolio, focusing on higher-value areas. The deal includes the manufacturing assets from the Ladlumkaew facility. Although the sale will not materially impact 3M's financial results, it reflects ongoing efforts to enhance returns for shareholders.
3M's Health Information Systems division announced that its M*Modal Fluency Direct and medical necessity solutions will be integrated into Epic's Garden Plot software. Designed for independent medical groups of 40+ providers, this Software as a Service (SaaS) model aims to enhance patient care. Approximately half of U.S. physicians practice in private settings, indicating significant market potential. This collaboration reflects a long-standing relationship with Epic, expanding access to advanced healthcare technology.
Epicore Biosystems has announced a collaboration with 3M and Innovize to enhance the development of its advanced sweat-sensing wearables. This partnership aims to leverage 3M's skin-interfacing materials and Innovize's manufacturing capabilities to improve production efficiency and support high-volume manufacturing of hydration monitoring devices. With rising temperatures increasing heat-related risks, this initiative ensures a robust domestic production infrastructure while expanding Epicore's portfolio of clinically validated products. The collaboration aims to address hydration management in sports and industrial settings.
3M (MMM) has launched the 3M Verify platform to combat counterfeit products, expanding its anti-counterfeit initiatives established during the COVID-19 pandemic. The platform allows customers to report suspected counterfeit products, building on efforts that led to the seizure of over 58 million counterfeit respirators. 3M's response teams will investigate all reports globally, reinforcing customer confidence in product authenticity. The company continues to prioritize innovation and fraud prevention, ensuring the quality associated with its brand worldwide.
Wrapmate has launched a new Franchise Wraps and Graphics Program, catering to franchisors across the U.S. The service enables franchisors to quickly and efficiently wrap between one and 10,000 vehicles, with coverage in all major markets. The program features flexible pricing with no setup costs for corporate entities, focusing on streamlined logistics and consistent branding. Franchisees benefit from an easy-to-use ordering platform, facilitating their vehicle graphics needs, while Wrapmate aims to enhance marketing effectiveness and support business growth for franchisees nationwide.
3M Health Information Systems achieved full FedRAMP authorization for its 3M RevCycle Health Services Platform (RHSP). This marks the first division of 3M to secure such a designation. The platform supports operations including natural language processing for medical coding and documentation integrity. The FedRAMP approval facilitates federal contracting, enhancing visibility and opportunities for 3M in the governmental sector.
The Command™ Large Organizing Caddy from 3M has won the Good Housekeeping 2022 Best Cleaning and Organizing Award in the "Cleverest Clutter Busters" category. This caddy is part of a new heavyweight product line enabling consumers to hang heavy items without wall damage. It can support up to 10 pounds and is ideal for various home areas. The product offers tool-free convenience and clean removal, addressing customer needs for easier organization. Command products are widely available at retailers and online.
3M announced a final proration factor of 7.346065% for its split-off exchange offer related to the separation of its food safety business. Approximately 203,610,687 shares were validly tendered, with odd-lot shareholders fully accepted. 15,989,536 shares were accepted for exchange at an exchange ratio of 6.7713 shares of SpinCo common stock for each share of 3M common stock. Following the merger with Neogen Corporation, 3M shareholders will receive approximately 6.7713 shares of Neogen for each tendered share.
