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Press release from Business Wire

3M Announces Collaboration with Mersive Aimed at Creating a New Class of Displays

<p class='bwalignc'> <i>Companies Announce Strategic Development and Equity Agreement</i> </p>

Wednesday, October 24, 2012

3M Announces Collaboration with Mersive Aimed at Creating a New Class of Displays16:19 EDT Wednesday, October 24, 2012 ST. PAUL, Minn. & DENVER (Business Wire) -- Today, 3M New Ventures (3M's corporate venture organization) and Mersive, a leading provider of visual computing software, announced a strategic development and equity agreement that will bring a new class of displays that foster visual collaboration to a broad range of customers. The terms of the transaction were not disclosed. “Advances in graphics processing technology are resulting in the creation of more pixels than ever before. However, viewing more pixels in the form of visual data is often constrained by either inadequate display systems or the high cost and complexity of currently available systems,” said Rob Balgley, CEO, Mersive. “Coupling our software with 3M projection and display technology will transform how visual data is used to creatively collaborate, interact, and make decisions.” Central to the strategic development agreement are Mersive's two software products: Sol software automatically aligns multiple projectors into one seamless image of extraordinary quality and resolution without the expense of specialized hardware and services; and Solstice software, a new media sharing and display management software, transforms how displays fit into IT infrastructure. Solstice enables multiple users with diverse devices, to access wirelessly any display in real time. “Combining Mersive software with 3M's projection and display technology, will produce affordable, easy-to-install, high quality display systems that foster interaction, facilitate decision making and cultivate creativity,” said Stefan Gabriel, president of 3M New Ventures. “As part of this agreement, 3M and Mersive will closely collaborate to develop projection and display systems that achieve higher levels of performance and ease of use than products currently on the market.” 3M New Ventures, headquartered in Munich, Germany, identifies and invests in highly innovative companies and disruptive new technologies with strategic relevance for 3M. About MersiveMersive is a leading provider of visual computing software. By transforming hardware challenges into software solutions, Mersive has helped to create a new class of displays. Mersive driven products provide knowledge workers with affordable, easy-to-use visual display systems that foster interaction, facilitate decision making and cultivate creativity. Mersive is based in Denver, Colorado. For more information, visit www.mersive.com About 3M3M captures the spark of new ideas and transforms them into thousands of ingenious products. Our culture of creative collaboration inspires a never-ending stream of powerful technologies that make life better. 3M is the innovation company that never stops inventing. With $30 billion in sales, 3M employs 84,000 people worldwide and has operations in more than 65 countries. For more information, visit www.3M.com or follow @3MNews on Twitter. Media Contacts:3MDonna Fleming Runyon, 651-736-7646orMersiveChristine Owens, 303-800-5680orInvestor Contacts:3MMatt Ginter, 651-733-8206orBruce Jermeland, 651-733-1807