3M Ranks as One of the Top Innovators on Booz & Company List for Third Straight Year

  3M Ranks as One of the Top Innovators on Booz & Company List for Third
  Straight Year

Business Wire

ST. PAUL, Minn. -- November 01, 2012

3M has earned a top spot on Booz & Company’s list of most innovative companies
for the third consecutive year, ranking number three behind Apple and Google.

Booz & Company, a global management consulting firm, surveyed nearly 700
innovation leaders from companies worldwide to determine which companies those
leaders see as the most innovative companies in the world.

In addition to the survey, Booz & Company also examined corporate R&D spending
through its Global Innovation 1000 Study, which looked at the 1,000 public
companies that spent the most on R&D in 2011. Last year, 3M spent
approximately $1.6 billion on R&D. The studied revealed that the most
innovative companies are not necessarily the biggest spenders. For example,
among the Global Innovation 1000 companies 3M ranked 86^th in R&D spending,
while Apple and Google ranked 53^rd and 26^th respectively.

Earlier this year, 3M set a vision for the company that captures the essence
of its innovative culture: 3M technology advancing every company; 3M products
enhancing every home; and 3M innovation improving every life.

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 $30 billion in sales, 3M
employs 84,000 people worldwide and has operations in more than 65 countries.
For more information, visit www.3M.com or follow @3MNews on Twitter.

Contact:

3M
Donna Fleming Runyon, 651-736-7646
 
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