Keep pulling the thread on Jennifer Scanlon.
UL Solutions was named the lead administrator for the U.S. Cyber Trust Mark program, a new initiative to certify the cybersecurity of consumer products.
UL Solutions worked with the city of New York to enact its safety standards for lithium-ion battery enclosures and connectors into law following a series of fatal e-bike fires.
The number of deaths from e-bike battery fires in New York City has reduced significantly since the city enacted UL standards into law.
The Norwegian Sovereign Wealth Fund owns 1.6% of UL Solutions, a stake valued at $160 million.
The United States is the most highly regulated market for product safety, frequently requiring third-party testing due to a combination of regulations, insurance industry practices, and the tort system.
UL Solutions employs 15,000 people and operates in 110 markets around the world.
In response to shifting tariff policies under the Trump administration, customers of UL Solutions have been re-engineering products, changing suppliers, and moving factories, often requiring product re-testing.
Jennifer Scanlon believes that becoming a publicly listed company has helped UL Solutions attract talent by raising its public profile.
Almost 10% of UL Solutions' revenue is derived from its Software-as-a-Service (SaaS) offerings.
UL Solutions offers a software product that ingests chemical information from material safety data sheets to help retailers manage regulations for products containing chemicals.
UL Solutions serves 80,000 customers and maintains data on billions of products.
In the fall of 2023, UL Solutions launched a "verified mark" certification for AI PCs and AI servers based on a set of 10 evaluation categories.