Globus Medical Inc
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Health Care : Health Care Equipment & Supplies | Mid Cap Growth
Company profile

Globus Medical, Inc. is a medical device company. The Company is focused on developing products for patients with musculoskeletal disorders. It is focused on products to treat patients with spine disorders. The Company's products fall under categories, which include Innovative Fusion and Disruptive Technologies. The Innovative Fusion category products include fusion products to treat spinal disorders for the entire spine, and they can be used in various surgical approaches. The Disruptive Technologies category represents a shift in the treatment of spinal disorders by allowing for surgical procedures and the treatment of spinal disorders. QUARTEX is its Occipito-Cervico-Thoracic (OCT) stabilization system. QUARTEX features a threading locking cap to enable low-torque. The Company's portfolio of approved and pipeline Disruptive Technology products includes products that allow for minimally invasive surgical (MIS) techniques.

Closing Price
$53.74
Day's Change
-1.06 (-1.93%)
Bid
--
Ask
--
B/A Size
--
Day's High
54.71
Day's Low
53.26
Volume
(Average)
Volume:
559,650

10-day average volume:
607,687
559,650

PPG Employees Honored with 2020 Louis Schwitzer Award for Role in NTT INDYCAR SERIES Innovation

1:02 pm ET August 27, 2020 (BusinessWire) Print

PPG (NYSE: PPG) today announced that engineers from its aerospace business received the 54th annual Louis Schwitzer Award for their contributions in the development of the NTT INDYCAR(R) SERIES' Aeroscreen.

PPG employees Mike Briggs, Naomi Cassese, Casey McCarthy, Parker Smith, Colin Trinh and William Wittenberg helped to design and test this latest safety innovation, which reduces the risk of driver injury from flying debris or other objects striking the cockpit area. Brent Wright, PPG global director, aerospace transparencies, accepted the award on PPG's behalf.

The Aeroscreen consists of a PPG polycarbonate-laminated ballistic windscreen that is attached to a titanium frame produced by Pankl. The PPG windscreen includes an anti-fogging device using an integral heating element as well as up to eight exterior tear-offs that can be removed during pit stops to clear the screen of accumulated track debris. Weighing 17.3 pounds (7.8 kilograms), the windscreen can withstand a four-pound object striking it at more than 220 miles per hour.

Red Bull Advanced Technologies, Dallara, Pankl Racing Systems, Aerodine Composites, Isoclima and INDYCAR also received the award for their involvement in Aeroscreen's development.

"It is an incredible honor for PPG and our team of outstanding engineers to be recognized alongside past innovators such as A.J. Foyt Jr. and others whose expertise paved the way for motorsports engineering," said Wright.

The annual award is sponsored by BorgWarner and the Indiana Section of the Society of Automotive Engineers (SAE) International. It honors engineers who innovate new concepts to improve competitive potential, with a focus on new technology for the engine, powertrain, profile, chassis or safety. The technology also must adhere to the NTT INDYCAR SERIES specifications.

"Between PPG's industry expertise in aerospace transparencies and our stellar team of engineers, we have been able to harness technologies designed for aircraft use and modify them to suit the needs of INDYCAR," said Khushroo Lakdawala, PPG global director, transparencies engineering and technology, aerospace. "The Aeroscreen already has played a key role in protecting drivers throughout the 2020 season, and we are proud of our PPG colleagues who helped to make this historic motorsports technology a reality."

PPG: WE PROTECT AND BEAUTIFY THE WORLD(TM)

At PPG (NYSE:PPG), we work every day to develop and deliver the paints, coatings and specialty materials that our customers have trusted for 135 years. Through dedication and creativity, we solve our customers' biggest challenges, collaborating closely to find the right path forward. With headquarters in Pittsburgh, we operate and innovate in more than 70 countries and reported net sales of $15.1 billion in 2019. We serve customers in construction, consumer products, industrial and transportation markets and aftermarkets. To learn more, visit www.ppg.com.

We protect and beautify the world is a trademark and the PPG Logo is a registered trademark of PPG Industries Ohio, Inc. INDYCAR is a registered trademark of Brickyard Trademarks, Inc.

CATEGORY Aerospace

View source version on businesswire.com: https://www.businesswire.com/news/home/20200827005152/en/

SOURCE: PPG

PPG Media Contact: 
Lynne Evosevich
Aerospace
+1 878-208-2804
evosevich@ppg.com 
www.ppg.com
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