Axalta wins 2024 R&D 100 Award for its innovative Primerless Consolidated Coating System, enhancing automotive paint sustainability and efficiency.
Quiver AI Summary
Axalta has been awarded a 2024 R&D 100 Award in the Mechanical and Materials category for its innovative Primerless Consolidated Coating System, which streamlines the automotive paint process by eliminating the need for a primer and reducing application steps. This advanced system enhances color capabilities, particularly for complex hues, while also promoting sustainability and efficiency in paint shops by minimizing cycle times and energy use. Axalta's Chief Technology Officer, Robert Roop, expressed pride in receiving this recognition, emphasizing the company's commitment to creating smarter and more sustainable surface solutions. The awards ceremony took place on November 21 in Palm Springs, California, highlighting the company's long-standing legacy in the coatings industry.
Potential Positives
- Axalta won the prestigious 2024 R&D 100 Award, enhancing its reputation as an innovative leader in the coatings industry.
- The Primerless Consolidated Coating System improves sustainability and productivity in automotive paint shops, appealing to environmentally conscious customers.
- The award recognition for this innovative technology may attract new customers and business opportunities in various sectors.
- The achievement validates Axalta's commitment to developing smarter surface solutions, reinforcing confidence among stakeholders in the company's long-term vision and strategy.
Potential Negatives
- The press release does not address any potential environmental impacts or regulatory concerns related to the new coating technology, which could lead to questions about sustainability practices.
- There is no mention of any customer feedback or market reception for the Primerless Consolidated Coating System, which could raise doubts about its commercial viability.
- The absence of specific performance metrics or comparisons to existing products may leave stakeholders uncertain about the actual benefits of the innovation presented.
FAQ
What is the R&D 100 Award Axalta won?
Axalta won a 2024 R&D 100 Award in the Mechanical and Materials category for their Primerless Consolidated Coating System.
How does Axalta's coating system enhance sustainability?
The system reduces cycle time and energy consumption by eliminating the need for a primer and minimizing application steps.
What benefits does the Primerless Consolidated Coating System provide?
This system offers superior color capability, improved substrate coverage, and mechanical properties while streamlining the painting process.
Who is Axalta and what do they do?
Axalta is a global leader in the coatings industry, providing sustainable and innovative coatings solutions for various applications worldwide.
When and where were the R&D 100 Award winners recognized?
The 2024 R&D 100 Award winners were recognized at an awards dinner on November 21, 2024, in Palm Springs, California.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$AXTA Hedge Fund Activity
We have seen 206 institutional investors add shares of $AXTA stock to their portfolio, and 190 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FULLER & THALER ASSET MANAGEMENT, INC. added 3,286,194 shares (+1025.0%) to their portfolio in Q3 2024
- CITADEL ADVISORS LLC added 2,077,470 shares (+1143.5%) to their portfolio in Q3 2024
- PZENA INVESTMENT MANAGEMENT LLC removed 1,822,827 shares (-98.0%) from their portfolio in Q3 2024
- KINETIC PARTNERS MANAGEMENT, LP removed 1,377,087 shares (-100.0%) from their portfolio in Q3 2024
- ADAGE CAPITAL PARTNERS GP, L.L.C. added 1,360,000 shares (+181.3%) to their portfolio in Q3 2024
- CARDINAL CAPITAL MANAGEMENT LLC /CT removed 1,280,190 shares (-84.6%) from their portfolio in Q2 2024
- MILLENNIUM MANAGEMENT LLC removed 1,263,586 shares (-46.2%) from their portfolio in Q3 2024
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Full Release
PHILADELPHIA, Nov. 22, 2024 (GLOBE NEWSWIRE) -- Axalta (NYSE: AXTA), a leading global coatings company, has won a 2024 R&D 100 Award in the Mechanical and Materials category. Axalta’s Primerless Consolidated Coating System is used in a streamlined, consolidated automotive paint process that delivers superior color capability, especially for glamorous and difficult to create colors. The coating system, together with this consolidated process, provides sustainability and productivity to automotive paint shops.
Many automotive coatings are applied in a multi-layer painting process of primer, colored basecoats and clearcoat with solvent evaporation between layer application. Axalta’s latest innovation is a paint system that achieves pearlescent effects without using a primer and with further reduction in basecoat application steps (one pass instead of two passes). This process delivers the desired substrate coverage, mechanical properties, and color effects while reducing cycle time and energy consumption of the paint shop.
“We are delighted to once again accept this prestigious R&D 100 Award,” said Robert Roop, Axalta’s Chief Technology Officer. “This recognition validates how we are truly making an impact to innovate smarter surface solutions for better living and a more sustainable future. This coatings technology delivers sustainability benefits and improves production cycle time for our automotive customers.”
Since 1963, the R&D 100 Awards program has recognized the top one hundred revolutionary technologies from the world’s leading Fortune 500 companies, federally funded research institutions, academic and government labs, and smaller companies. This year’s R&D 100 Award winners were recognized at an awards dinner on November 21, in Palm Springs, California.
About
Axalta is a global leader in the coatings industry, providing customers with innovative, colorful, beautiful, and sustainable coatings solutions. From light vehicles, commercial vehicles and refinish applications to electric motors, building facades and other industrial applications, our coatings are designed to prevent corrosion, increase productivity, and enhance durability. With more than 150 years of experience in the coatings industry, the global team at Axalta continues to find ways to serve our more than 100,000 customers in over 130 countries better every day with the finest coatings, application systems and technology. For more information, visit
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