AVERY DENNISON CORPORATION

(AVY)
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Real-time Estimate Cboe BZX  -  12:39 2022-07-07 pm EDT
167.73 USD   +1.20%
05/31AVERY DENNISON CORPORATION : Ex-dividend day for
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05/17Avery Dennison to Help Upgrade Wiliot Tags to Scale Internet of Things
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05/17Avery Dennison and Wiliot Announce Strategic Partnership to Build and Scale the Future of the Internet of Things
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Avery Dennison and Wiliot Announce Strategic Partnership to Build and Scale the Future of the Internet of Things

05/17/2022 | 09:02am EDT

Avery Dennison, a strategic investor in Wiliot and the leading developer and provider of digital ID technologies is strengthening its commitment to scaling the IoT through the integration of atma.io and the development, design and manufacturing of Wiliot tags, which will help to create an intelligent and fully connected IoT.

Avery Dennison Corporation (NYSE:AVY), the world’s largest provider of RFID and digital ID solutions, and Wiliot, the Internet of Things pioneer, today announced a strategic partnership dedicated to scaling the IoT to the next level, creating a new era of IoT that benefits people and the planet.

Avery Dennison will leverage its R&D capabilities and scale to design and manufacture second-generation Wiliot tags, which are stamp-sized computers powered by Bluetooth that attach to any product or packaging to embed it with intelligence and connectivity to create more agile, profitable, and sustainable supply chains.

In addition, Avery Dennison will integrate Wiliot sensing services (SaaS) with its atma.io connected product cloud, enabling tag sensing information to be added to the end-to-end item-level data of a connected product. Both companies share a vision for the future of the IoT where almost everything is connected to the internet; not just phones, computers, and homes, but also food, medicine, clothing, and nearly everything else. With an ambition to help to eliminate waste and provide unparalleled transparency and consumer connection.

The partnership will help scale the manufacturing capacity of Wiliot tags significantly, and will leverage Avery Dennison’s market development, innovation and ROI expertise to drive value and enable the company to deliver on large projects to some of the world’s largest retail, food & beverage, and pharmaceutical brands.

“Wiliot’s passive Bluetooth technology offers the ability to work with existing infrastructure and provides another accelerator to the growth of IoT. Combined with sensing capabilities and security features as standard, this expands our portfolio and opens up many new use cases for our customers and partners,” stated Francisco Melo, vice president and general manager, Avery Dennison Smartrac.

“Avery Dennison is the only partner in the world with the manufacturing expertise and efficiency to produce our tags at the scale that is needed to significantly increase the scale of the Internet of Things; their ability to scale as we scale is unquestionable,” stated Tal Tamir, Wiliot’s CEO. “Their partnership and market development leadership is a significant vote of confidence in both our company and technology. Now, with the backing of the world’s largest and most efficient manufacturer of RFID tags, we’re positioned to drive mass adoption of our technology and to scale our vision for the next generation of the IoT.”

About Avery Dennison

Avery Dennison Corporation (NYSE: AVY) is a global materials science company specializing in the design and manufacture of a wide variety of labeling and functional materials. The company’s products, which are used in nearly every major industry, include pressure-sensitive materials for labels and graphic applications; tapes and other bonding solutions for industrial, medical, and retail applications; tags, labels and embellishments for apparel; and radio frequency identification (RFID) solutions serving retail apparel and other markets. The company employs more than 36,000 employees in more than 50 countries. Reported sales in 2021 were $8.4 billion. Learn more at www.averydennison.com.

About Wiliot

Wiliot is a SaaS company whose platform connects the digital and physical worlds using its IoT Pixel tagging technology, computers the size of a postage stamp that power themselves in revolutionary ways. Our vision is to expand the Internet of Things to include everyday products, adding intelligence and automation to plastic crates, pharmaceuticals, packaging, clothes, and other products, connecting them to the internet and changing the way things are made, distributed, sold, used, reused, and recycled. wiliot.com

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05/31AVERY DENNISON CORPORATION : Ex-dividend day for
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Financials (USD)
Sales 2022 9 410 M - -
Net income 2022 794 M - -
Net Debt 2022 2 750 M - -
P/E ratio 2022 17,4x
Yield 2022 1,72%
Capitalization 13 543 M 13 543 M -
EV / Sales 2022 1,73x
EV / Sales 2023 1,61x
Nbr of Employees 35 980
Free-Float 65,6%
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Mean consensus OUTPERFORM
Number of Analysts 15
Last Close Price 165,73 $
Average target price 208,38 $
Spread / Average Target 25,7%
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Managers and Directors
Mitchell R. Butier Chairman & Chief Executive Officer
Deon Stander President & Chief Operating Officer
Gregory S. Lovins Vice President and Treasurer
Nicholas R. Colisto Chief Information Officer & Vice President
Julia A. Stewart Independent Director
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