– New company will provide innovative projected capacitive technology –

3M and Quanta today announced that they have signed a definitive agreement to form a new company. The new company will be based in Singapore and will manufacture and commercialize projected capacitive touch solutions for the personal computing market, combining Quanta’s extensive industry knowledge and manufacturing expertise in the PC market with 3M’s projected capacitive technology expertise.

This announcement expands on the previously announced collaboration between 3M and Quanta, enabling mass production of touch modules, sensors, electronics and systems on personal computing devices, including: all-in-one computers, monitors, netbooks, notebooks and tablet devices. Terms of the deal were not disclosed.

“Quanta’s comprehensive knowledge of the PC industry, strength in technology and manufacturing, and innovative computer design capability matched with 3M’s proven materials science and manufacturing innovations gives the new company the ability to provide the industry with solutions for consumers and their personal computing devices,” said Joaquin Delgado, executive vice president, Electro & Communications Business, 3M.

As projected capacitive touchscreen solutions become more prominent in computing devices, both original equipment manufacturers (OEMs) and original design manufacturers (ODMs) need reliable and high-quality solutions to meet market demand. Coupled with increasing software requirements around multi-finger input for consumer devices, the new company is uniquely positioned to provide the latest touchscreen technology and manufacturing capability to meet the needs of these key customers.

“In looking at multi-touch solutions currently available on the market, we believe that 3M’s multi-touch technology is one of the best solutions for OEM and ODM companies,” said C.C. Leung, vice chairman, Quanta Computer. “Quanta’s manufacturing capabilities and market expertise are vital to the new company in bringing the next-generation technology to consumers.”

The new company is separate from 3M Touch Systems Inc., which remains a wholly-owned subsidiary of 3M. Its focus will be on the design and manufacturing of touchscreen solutions to serve vertical enterprise markets, including: casino gaming, education, foodservice, digital signage, healthcare, retail point-of-sale and self-service markets.

About Quanta Computer

Quanta Computer is a Fortune Global 500 Company that is regarded as the world’s largest manufacturer for notebook computers and other PC related products. Quanta provides innovative products with leading technology that range from information, communication, networking, consumer electronics, and car electronics to storage. Founded in 1988, Quanta Computer is headquartered in Taiwan with major operation facilities set up in Asia, Canada, North America, South America, and Europe. Quanta Group currently employs over 50,000 employees worldwide with consolidated revenues topped US$35.9 billion for fiscal year 2010. For further information, please visit Quanta Computer’s Website at www.quantatw.com/.

About 3M Touch Systems

3M Touch Systems Inc., a wholly-owned subsidiary of 3M, operates globally and reports through 3M Electro and Communications Business, headquartered in Austin, TX. 3M Touch Systems provides innovative touch solutions – from touchscreen electronics to firmware and software to sensors – that incorporate finger and stylus input along with superior light transmission and color neutrality, as well as proven leadership in touch response time and gesture input. For more information, visit www.3M.com/touch.

About 3M

3M captures the spark of new ideas and transforms them into thousands of ingenious products. Our culture of creative collaboration inspires a never-ending stream of powerful technologies that make life better. 3M is the innovation company that never stops inventing. With $27 billion in sales, 3M employs about 80,000 people worldwide and has operations in more than 65 countries. For more information, visit www.3M.com or follow @3MNews on Twitter.

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Media Contacts:3M Touch SystemsJenni Balthrop, (512) 984-2146jsbalthrop@mmm.comor3M Corporate CommunicationsDonna Fleming Runyon, (651) 736-7646orQuanta ComputerElton Yang, +866-03-327-2345Elton.Yang@quantatw.comorInvestor Contacts:3M Investor RelationsMatt Ginter, (651) 733-8206or3M Investor RelationsBruce Jermeland, (651) 733-1807orQuanta ComputerCarol Hsu, +886-03-327-2345, ext. 18536Carol.Hsu@quantatw.com