) recently launched a new car window protection product called 3M
Scotchshield Automotive Security Films. The new security film
provides an extra layer of protection to vehicles against car
theft. These films can be installed on any glass surface to
reduce the risk of theft.
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The U.S. has recorded one of the highest car theft rates in the
world. Auto thefts reportedly occur every 33 seconds, adding up
to 1 million cars a year with damages totaling $6.4 billion, as
per the National Insurance Crime Bureau (NICB) study. The 3M
Scotchshield Automotive Security Films protect vehicles from
threats such as break-ins and severe weather events. These films
work by holding the glass windows together in the event of a
breakage, thereby creating an additional barrier for criminals
and slow them down.
The 3M Scotchshield Automotive Security Films deliver superior
performance in comparison to other films available in the market.
They also prevent Ultra Violet rays from entering the vehicle.
The glare reduction from sunlight helps drivers focus more on the
roads. Additionally, metals that interfere with mobile phone and
satellite radio reception are not used in the construction of
these films. The new films also feature limited lifetime
3M remains focused on inventing new products and maintaining its
competitive advantage worldwide. The rise in the demand for such
innovative 3M product services is likely to augment its overall
3M together with its subsidiaries operates as a diversified
technology company with manufacturing operations spread over 70
countries worldwide. It has more than 35 business units organized
into six segments: Consumer and Office, Display and Graphics,
Electro and Communications, Healthcare, Industrial and
Transportation, Safety, Security and Protection Services.
3M faces tough competition from other players in the industry
United Technologies Corp
). 3M currently has a Zacks Rank #3 (Hold). One of its
Macquarie Infrastructure Company LLC
) carries a Zacks Rank #2 (Buy).