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UL Solutions Unveils Expanded Laboratory in China to Meet Growing Demand for Wireless and Connected Product Testing

1. UL Solutions expands its IoT Laboratory in Dongguan, China, enhancing testing capabilities. 2. The new facility supports manufacturers in connected product market access.

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FAQ

Why Bullish?

The expansion signals growth and innovation potential for ULS, similar to previous expansions that boosted stock prices.

How important is it?

The facility's launch illustrates ULS's strategic initiatives that can increase market share and investor confidence.

Why Long Term?

Enhanced capabilities may drive revenue growth in the IoT sector over time, leading to sustained performance.

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NORTHBROOK, Ill.--(BUSINESS WIRE)--UL Solutions Inc. (NYSE: ULS), a global leader in applied safety science, today announced the opening of its expanded Songshan Lake IoT Laboratory in Dongguan, China, underscoring the company's commitment to supporting manufacturers in navigating the complexities of connected product and wireless device testing and market access. The new 36,000-square-foot facility, which replaces a nearby smaller facility, includes EMC chambers and significantly expands UL So.

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