Sherwin-Williams: New Paint Kills Germs
08/03/2016 7:00 am EST
New ideas—from 3-d printers to driverless cars—are coming so fast it seems like the world is being turned upside down; but here's something maybe you haven't heard about—a paint that kills germs, notes Gordon Pape, editor of Internet Wealth Builder.
It has been developed by Sherwin-Williams (SHW) and approved by the US Environmental Protection Agency (EPA) as an antibacterial paint.
It's a latex paint called Paint Shield and the company says it is deadly to many of the germs responsible for hospital infections, including Staph, MRSA and E. coli.
The company says its paint will kill over 99.9% of these germs within two hours of exposure on painted surfaces.
The paint continues to kill 90% of these bacteria even after repeated contamination on painted surfaces. The effectiveness lasts for up to four years as long as the integrity of the surface is maintained.
Sherwin-Williams CEO Chris Connor calls it "one of the most significant technological breakthroughs in our nearly 150-year history of innovation."
Paint Shield is like any ordinary paint in that it can be applied to any interior surface with a brush or roller and comes in 590 colors. However, it sells for a premium price, as you might expect given its unique germ-killing nature.
The company hasn't released any figures on how well Paint Shield is selling in the US but a product of this type should be a natural for any health care facility, especially at a time when about one patient in 25 contracts a hospital-related infection.
A report released by the Alliance for Aging Research in 2013 concluding that 1.7 million Americans develop hospital-acquired infections each year, with 99,000 deaths. Meanwhile, the company is awaiting approval from Health Canada before it can be sold in Canada.
The stock price has moved up sharply and may be a little stretched at this level with a trailing p/e ratio of 26.4. But the company is clearly on the upswing.
We rate the stock a “Buy” under $300. The company is doing well and if the new Paint Shield product takes hold it could mean a big boost to sales.
By Gordon Pape, Editor of Internet Wealth Builder