3M Buys Polaroid’s Tech Polarizer
MAPLEWOOD, Minn. (AP) _ 3M has bought Polaroid Corp.’s Technical Polarizer and Display Films business, the companies said Monday.
The sale includes the acquisition or licensing of Polaroid patented technologies related to the business. Financial terms were not disclosed.
``We will continue to supply polarizing material to current customers, as well as to Polaroid for its finished sunglass, sunglass lens and sheet business,″ said Andrew Wong, division vice president of 3M’s Optical Systems Division.
3M’s light management products include dual brightness enhancement film, a proprietary thin film reflective polarizer that increases screen brightness for liquid crystal displays and extends the battery charge in portable devices. Other applications for 3M’s display films include desktop monitors, palmtop computers, display phones, instrumentation, word processors, personal TVs, camcorders, mobile communication devices, automotive and avionics displays.
3M recently acquired Polaroid’s computer monitor anti-glare filter operation.
Polaroid’s Technical Polarizer and Display Films business will continue to operate in Norwood, Mass., and a majority of its 85 employees will be offered positions with 3M, the company said.
3M makes products for the electronics, telecommunications, health care, industrial and consumer markets.
Polaroid supplies instant photographic cameras and films; digital imaging hardware, software and media; and secure identification systems.
On the Net: http://www.polaroid.com
3M’s site: http://www.mmm.com