GLEN MILLS, PA — Axalta Coating Systems (NYSE: AXTA) is once again in the spotlight, this time for bagging not one, but two accolades at the 2024 BIG Innovation Awards. This annual awards program, presented by the Business Intelligence Group (BIG), honors organizations, products, and innovators who breathe life into new ideas in extraordinarily innovative ways.
The winners from Axalta’s stable are its Voltatex® 7345 A ECO Wire Enamel and Raptor® Flameproof Coating. Both these products underline Axalta’s commitment to creating smarter solutions for a sustainable future, a philosophy that is increasingly resonating with investors interested in green technologies and environmental responsibility.
Axalta’s Voltatex® 7345 A ECO Wire Enamel, an eco-friendly insulating technology for magnet wires used in motors, transformers, and generators, plays a key role in advancing electrification. It is particularly relevant in the context of electric vehicles and wind turbines, both rapidly growing sectors. The product’s high performance and easy processing make it a critical component in efficient electrical motors, contributing directly to CO2 emissions reduction.
Meanwhile, Axalta’s Raptor® Flameproof Coating is a game-changer in extending asset life. Its heat-resistant properties help protect automotive parts and structural steel substrates, significantly outperforming other products currently available in the market. The sustainability benefits of this innovation include waste reduction, adding another feather to Axalta’s ‘green’ cap.
These awards were judged by a panel of business leaders and executives, lending further credibility to Axalta’s achievements. For investors, Axalta’s success at the BIG Innovation Awards is an encouraging signal of the company’s ability to lead in the realms of sustainability and electrification. As the world moves towards cleaner energy and sustainable practices, companies like Axalta, with their innovative and eco-friendly solutions, are likely to find themselves in a favorable position.
The full list of winners and more information about the BIG Innovation awards can be found here.
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