) recently introduced a remote reporting technology named Graco
InSite through which contractors can view activity from multiple
job sites in different locations. Graco InSite is a data tracking
and collection kit for electric and hydraulic reactors. The data
is transmitted from a Graco Reactor proportioner through cellular
network and can be viewed on a smartphone, tablet or computer.
With Graco InSite, the contractors can access information like
the confirmation of the crew starting on time, verification of
spray parameters, material usage and similar other information
that can be accessed virtually from anywhere.
Graco InSite collects data from the user's connected jobsites and
emails the user a daily report. The contractors can then
effectively utilize these data. It helps users to determine the
real costs of doing business in terms of manpower and materials
and identify wastage in business.
Moving forward, Graco expects to continuously invest in its
businesses to diversify and expand its product portfolio to
augment its position in the market.
Headquartered in Minneapolis, MN, Graco supplies technology for
management of fluids in both industrial and commercial
applications. The company designs, manufactures, and markets
systems that move, measure, control, dispense, and apply fluid
materials. The company's key growth drivers include development
and marketing of new products, expansion of the global
distribution network, foraying into new markets with technology
and channel expansion.
Graco currently has a Zacks Rank #3 (Hold). Other stocks that
look promising and are worth considering now are
) and I
), each carrying a Zacks Rank #2 (Buy).
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