3M Insiders Sell Shares Ahead Of New Product Launch
3M Touch Systems, a subsidiary of 3M Company (NYSE:MMM), announced on September 10, 2012, that its new 3M Dual-Touch Chassis Display was now available, which comes as kiosk user interfaces are increasingly changing to better serve smartphone and tablet users.
However, despite the hype over the new product, heavy insider trading was reported in the months leading up to the release, with company insiders selling millions of dollars in company stock.
The company touted the new product to be an interactive display with robust durability encased in a metal housing and fortified with chemically-strengthened glass. The display was also designed with an anti-glare surface and an easy-to-integrate flat front surface design, allowing for optimal interactive display.
"The traditional single-touch kiosk interface is evolving to a gesture-based interface as users expect these public access devices to respond like their personal devices," says Diego Romeu, business operations manager, 3M Touch Systems. "To help kiosk integrators satisfy these evolving user preferences, 3M offers this new line of robust, kiosk-ready dual-touch displays as an ideal solution for gesture-based user interfaces."
In the last three months, company insiders have sold $3.14 million in company stock.
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