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Benzinga
Benzinga
Business
Akanksha Bakshi

Avery Dennison Scales Manufacturing Capacity Of Wiliot Tags

  • Avery Dennison Corp (NYSE:AVY) and Wiliot established a strategic partnership dedicated to scaling the Internet of Things (IoT) to the next level. Financial terms not disclosed.
  • Avery Dennison will leverage its R&D capabilities and scale to design and manufacture second-generation Wiliot tags, which are stamp-sized computers powered by Bluetooth that attach to any product or packaging.
  • Avery Dennison, a strategic investor in Wiliot, is strengthening its commitment to scaling the IoT through integrating atma.io and the development, design, and manufacturing of Wiliot tags.
  • The collaboration will significantly increase Wiliot tag manufacturing capacity.
  • Price Action: AVY shares closed higher by 2.69% at $178.13 on Tuesday.
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