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SOLSTICE ADVANCED MATERIALS COMPLETES SPIN-OFF FROM HONEYWELL AND BEGINS TRADING ON NASDAQ
Prnewswireยท 2025-10-30 11:00
Core Insights - Solstice Advanced Materials has officially begun trading as an independent company on the Nasdaq under the ticker symbol "SOLS" following its spin-off from Honeywell [1][7] - The company has a rich heritage of over 130 years in advanced materials and aims to leverage its innovation and operational excellence to serve critical global sectors [2][4] - Solstice is positioned to capitalize on significant industry trends, including regulatory changes in cooling solutions and the growth of AI and advanced computing [3][7] Company Overview - Solstice Advanced Materials operates with approximately 4,000 employees, 24 manufacturing sites, and four R&D centers, serving over 3,000 customers across 120 countries [2][4] - The company boasts a robust portfolio of over 5,700 patents and is recognized for its next-generation materials under renowned brands such as Solstice, Genetron, and Aclar [4] Strategic Positioning - The spin-off allows Solstice to focus on its core competencies as a pure-play specialty materials company, enhancing its ability to drive growth and shareholder value [3][7] - The company aims to address strong secular trends in various sectors, including HVAC/R, semiconductor manufacturing, data center cooling, nuclear energy, defense, and life sciences [2][3]