3M Touch Systems and Touch International Announce Equipment Sale Agreement.METHUEN, Mass. -- 3M Touch Systems, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of 3M Company, today announces an agreement to sell all manufacturing equipment assets located in its Vancouver, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography , Canada production facility to Touch International, Inc., a Texas-based company. This equipment has primarily been used for manufacturing 3M's Specialty Resistive resistive /re·sis·tive/ (re-zis´tiv) pertaining to or characterized by resistance. touch screen product line, which is currently in the final stages of an end-of-life program. This equipment transfer will not affect 3M Touch Systems' currently scheduled Specialty Resistive product deliveries to existing 3M customers as committed to in Last Time Buy arrangements made through the end of August, 2007. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. this agreement, after September 1, 2007, Touch International may utilize this equipment to produce similar resistive products, as well as hire former 3M Touch Systems manufacturing employees to staff the Vancouver operation. The result of this equipment sale agreement should provide an additional sourcing option for former 3M Specialty Resistive customers, as well as employment opportunities for some former 3M Touch Systems Vancouver employees. 3M Touch Systems will continue to manufacture touch sensor products in its Methuen, MA and Milwaukee, WI facilities, and remains committed to offering customers innovative touch interface solutions based on its capacitive-base technology platform as well as new and emerging technology platforms. 3M Touch Systems solutions include MicroTouch capacitive sensors, MicroTouch EX II controllers and firmware A category of memory chips that hold their content without electrical power. Firmware includes flash, ROM, PROM, EPROM and EEPROM technologies. When holding program instructions, firmware can be thought of as "hard software." See flash memory, ROM, PROM, EPROM, EEPROM and FOTA. , MicroTouch MT 7 touch drivers and software, a wide array of MicroTouch-brand chassis and general-use touch monitors, the MicroTouch DST (1) (DeSTination) Contrast with SRC, which is an abbreviation of "source." (2) (Digital Signal Trust Company, Salt Lake City, UT, www.digsigtrust.com) An organization that sets up and manages PKI systems for companies and industry groups. System (based on Dispersive dispersive /dis·per·sive/ (-per´siv) 1. tending to become dispersed. 2. promoting dispersion. Signal Technology) for large-format interactive digital signage Digital signage is a form of out-of-home advertising in which content and messages displayed on an electronic screen, or digital sign, can be changed without modification to the physical sign, typically with the goal of delivering targeted messages to specific locations at , and the recently-introduced MicroTouch Flex Capacitive sensor for handheld and mobile electronic devices. About Touch International, Inc. Founded by industry veterans, Touch International, Inc. is a privately-held, worldwide supplier of high-quality touch screen components. Through its expanded manufacturing facilities, Touch International is able to offer a wide variety and rapid delivery of lower-priced, high-reliability products, based on customer needs and specifications. Touch International is headquartered in Austin, with seven factories strategically placed around the globe, and additional sales and support offices on four continents. For more information, please visit: www.TouchIntl.com About 3M Touch Systems, Inc. 3M Touch Systems Inc., a wholly-owned subsidiary of 3M, operates globally and reports through 3M Display & Graphics Business, headquartered in St. Paul St. Paul as a missionary he fearlessly confronts the “perils of waters, of robbers, in the city, in the wilderness.” [N.T.: II Cor. 11:26] See : Bravery , Minn. For more information visit www.3M.com/touch. About 3M - A Global, Diversified Technology Company Every day, 3M people find new ways to make amazing a·maze v. a·mazed, a·maz·ing, a·maz·es v.tr. 1. To affect with great wonder; astonish. See Synonyms at surprise. 2. Obsolete To bewilder; perplex. v.intr. things happen. Wherever they are, whatever they do, the company's customers know they can rely on 3M to help make their lives better. 3M's brands include Scotch, Post-it, Scotchgard, Thinsulate, Scotch-Brite, Filtrete, Command and Vikuiti. Serving customers around the world, the people of 3M use their expertise, technologies and global strength to lead in major markets including consumer and office; display and graphics; electronics and telecommunications; safety, security and protection services; health care; industrial and transportation. For more information, including the latest product and technology news, visit www.3M.com. Scotch, Post-it, Scotchgard, Thinsulate, Scotch-Brite, Filtrete, Command and Vikuiti are trademarks of 3M. |
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