Posted on Tuesday, March 12th, 2013 | In Stocks to Watch
Vancive Medical Technologies, a unit of Avery Dennison Corporation (AVY), will exhibit a new range of digital healthcare solutions and other innovative solutions at the Healthcare Innovation Expo in ExCel London. The two day exposition will begin on Mar 13. The exhibition is linked with future technology developments in favor of its commercial partners, developers and manufacturers.
Avery will showcase the Vancive Medical Technologies Metria Informed Health technology platform - an assortment of products to be used for physiological monitoring for health, wellness and clinical applications. The display also includes the BeneHold Securement and Wound Care Solutions platform and thin absorbent skin adhesive.
Vancive Medical Technologies exhibition, the sole purpose of which is to increase consciousness about health care, only shows its commitment to support medical devices manufacturers and end users. Such an attempt will inspire further innovation throughout the health care industry.
Avery’s Vancive Medical Technologies is looking forward to the first commercial launch of Metria technology in 2013. This aims for weight management and wellness applications in the U.S. Some developments are also underway including next generation of Metria products and gaming for kids, which will help in lifestyle management.
Avery, which is among the top players in labeling and packaging materials and solutions along with United Stationers Inc. (USTR), ACCO Brands Corporation (ACCO) and The Standard Register Company (SR), has recently formulated a policy to promote responsible paper sourcing, procurement and developing greener products from them.
Pasadena, Calif-based Avery manufactures pressure-sensitive materials, tickets, tags, labels and other converted products. Avery has over 200 manufacturing and distribution facilities encompassing more than 60 countries. Its clientele is spread across the U.S., Europe, Asia, Latin America and other regions.
Avery’s restructuring initiatives are expected to deliver annualized savings of more than $100 million in 2013. Furthermore, with the divestiture of the underperforming Office and Consumer Products unit, the company will be able to focus on its market-leading, pressure-sensitive materials business and Retail Branding and Information Solutions segment.
Avery currently retains a short-term Zacks Rank #1 (Strong Buy).
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