PHILADELPHIA, Sept. 17, 2018 /PRNewswire/ -- Axalta (NYSE: AXTA) today announced its Color Retrieval System featuring Acquire™ Quantum EFX was named a finalist for R&D Magazine's 2018 R&D 100 Awards, which features the top 100 revolutionary technologies of the past year. The Axalta Color Retrieval System is our proprietary online process designed to help customers obtain any color information needed, quickly and more efficiently than ever before.
"The Axalta Color Retrieval System and the Acquire™ Quantum EFX are helping to digitize the body shop industry and reduce its reliance on matching colors by their visual appearance," said Barry Snyder, Senior Vice President, Chief Technology Officer. "The System packs innovative color technology into a lighter and faster unit to help customers create more accurate and faster color matches, allowing for more vehicle throughput."
"Axalta is an innovation company and we invest four percent of sales each year to developing new technologies," concluded Snyder. "The Axalta Color Retrieval System and the Acquire™ Quantum EFX are new innovations paving the future for a more efficient body shop industry. We're thrilled and honored to be named a finalist in the R&D 100 Awards."
The R&D 100 Awards is an annual awards program, presented by the magazine at its conference, which will be held in mid-November. The program identifies and celebrates the top 100 revolutionary technologies of the past year. These prestigious awards recognize 100 of the top innovations across five categories: Analytical/Test, IT/Electrical, Mechanical Devices/Materials, Process/Prototyping, and Software/Services. The R&D 100 Awards Finalists were selected by an independent panel of more than 50 judges representing R&D leaders in a variety of fields.
Axalta is a leading global company focused solely on coatings and providing customers with innovative, colorful, beautiful and sustainable solutions. From light OEM vehicles, commercial vehicles and refinish applications to electric motors, buildings and pipelines, our coatings are designed to prevent corrosion, increase productivity and enable the materials we coat to last longer. With more than 150 years of experience in the coatings industry, the approximately 14,000 people of Axalta continue to find ways to serve our more than 100,000 customers in 130 countries better every day with the finest coatings, application systems and technology. For more information, visit axalta.com and follow us @Axalta on Twitter and on LinkedIn.