3M COMPANY

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3M earns RBR50 Innovation Award for the 3M Finesse-it Robotic Paint Repair System

05/17/2022 | 11:01am EDT

ST. PAUL, Minn. - Robotics Business Review (RBR) named the 3M Finesse-It Robotic Paint Repair System as a 2022 RBR50 Robotics Innovation Award Honoree. Using data from an advanced vision system, the 3M Finesse-It Robotic Paint Repair System repairs paint defects on automobiles coming off the assembly line. The RBR50 celebrates companies around the world who create original, and innovative solutions.

As an honoree of the 'Product Introduction' category, 3M is being recognized for introducing a new commercial solution which has the potential to positively impact markets or the robotics sector.

Widely recognized throughout the world as a leading indicator of robotics innovation leadership, the RBR50 Robotics Innovation Awards are also a critical measure of robotics sector growth.

RBR editor Briana Wessling recognized the 3M Finesse-It Robotic Paint Repair System's ingenuity in her analysis.

'The Finesse-It Robotic Paint Repair System fills a unique hole in the robotic marketplace,' Wessling said. 'There are not many robots like it, and none that are as precise as 3M's system, despite the fact that nearly every car that comes off the assembly line needs some sanding and polishing. This is one of the most intensive manual operations on the assembly line, and 3M's system completely automates the process.'

The 3M Finesse-It Robotic Paint Repair System also won a SURCAR award in October of 202 besting 23 other presentations for the honor.

About 3M:

At 3M (NYSE: MMM), we apply science in collaborative ways to improve lives daily as our employees connect with customers all around the world. Learn more about 3M's creative solutions to global challenges at www.3M.com or on Twitter @3M or @3MNews.

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(C) 2022 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2022 35 845 M - -
Net income 2022 5 735 M - -
Net Debt 2022 11 949 M - -
P/E ratio 2022 12,9x
Yield 2022 4,63%
Capitalization 73 528 M 73 528 M -
EV / Sales 2022 2,38x
EV / Sales 2023 2,25x
Nbr of Employees 95 000
Free-Float 60,2%
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Mean consensus HOLD
Number of Analysts 20
Last Close Price 129,21 $
Average target price 158,74 $
Spread / Average Target 22,9%
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Managers and Directors
Michael F. Roman Chairman & Chief Executive Officer
Monish Patolawala EVP, Chief Financial & Transformation Officer
John Patrick Banovetz Director-Industrial Adhesives & Tapes Division
Mark W. Murphy Executive VP, Chief Information & Digital Officer
Michael A. Duran Senior VP, Chief Ethics & Compliance Officer
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