TE Connectivity named as Thomson Reuters 2014 'Top 100 Global Innovator'
It is the fourth consecutive year that TE has been named to the prestigious list.
TE Connectivity's (NYSE: TEL) announced that it has been named a Thomson Reuters 2014 Top 100 Global Innovator for the fourth consecutive year. The program, an initiative of Thomson Reuters’ Intellectual Property & Science business, is billed as "honor[ing] the 100 corporations and institutions that are dedicated to innovation, committed to protecting patent rights globally, and whose inventions have worldwide influence."
Thomson Reuters notes that TE has over 18,000 patents granted or pending, employs over 7,500 engineers, and invests nearly five percent of its sales into research, development and engineering. Twenty-four percent of the company’s sales come from new products introduced over the last three fiscal years and, in the past year, TE has significantly expanded its range of sensor solutions, the company added.
“Innovation is a core value of our company, driving how we design and manufacture the smart connectors, sensors and components critical in a more connected world,” said Tom Lynch, chairman and CEO of TE Connectivity. “We are honored to be recognized again as one of the world’s most innovative companies by Thomson Reuters.”
The Thomson Reuters 2014 Top 100 Global Innovator methodology is based on four principle criteria: overall patent volume, patent grant success rate, global reach of the portfolio and patent influence as evidenced by citations.
The peer-reviewed methodology was executed using Thomson Reuters Derwent World Patents Index (DWPI), Derwent Patents Citations Index, Quadrilateral Patent Index, and Thomson Innovation, its IP and intelligence collaboration platform. Comparative financial analysis was done using the Thomson Reuters Advanced Analytics for Deal-Making platform.
To view the full report on the Thomson Reuters 2014 Top 100 Global Innovator program, go to http://top100innovators.com.