Eaton Recognized for Leadership in Global Innovation; Named to Thomson
Reuters Top 100 Innovators List for Second Consecutive Year
DUBLIN -- December 05, 2012
Diversified industrial manufacturer Eaton Corporation plc has been named a
Thomson Reuters 2012 Top 100 Global Innovator for its achievements as one of
the world’s most innovative companies for a second consecutive year. The award
identifies companies worldwide for their outstanding commitment to innovation,
the protection of ideas and the commercialization of inventions.
“As a power management company, Eaton views innovation as a business necessity
in meeting the needs of our customers and in addressing the world’s growing
energy requirements,” said Ramanath Ramakrishnan, Eaton’s executive vice
president and chief technology officer.
Eaton holds over 8,700 patents globally and has generated more than 685
patents in 2012, encompassing all business segments. Eaton’s patented products
include the AxisPro™ Proportional Valve, the XComfort Room and Home Manager
and a digital fuel gauging system that weighs 40 percent less than traditional
fuel gauging systems.
“Our desire for creativity, invention and discovery, are the engines that
power innovation at Eaton,” said Ramakrishnan. “We have talented employees
with a large appetite for intellectual curiosity and create an environment
that encourages risk-taking, challenges assumptions and values learning. We
are pleased to be honored for a second consecutive year.”
According to Thomson Reuters, the 100 companies named to the global innovator
list outperformed the increase in revenue for Standard and Poor’s (S&P) 500
Index companies by three percent. This year’s winners also added over 124,000
new jobs over their prior year employment figures.
“Innovation is the foundation for economic prosperity and technological
advancement,” said David Brown, managing editor, Thomson Reuters IP Solutions.
“Our Top 100 Global Innovator methodology demonstrates the insight that can be
gleaned from the analysis of patent data and confirms the fact that companies
focused on innovating drive growth and financial success.”
Thomson Reuters based its research on its own databases, and its methodology
was based on four principle criteria: overall patent volume, patent grant
success rate, global reach of the portfolio and patent influence as evidenced
by citations. To view the full report on the Thomson Reuters Top 100 Global
Innovator program, visit www.top100innovators.com.
Eaton Corporation plc is a diversified power management company providing
energy-efficient solutions that help our customers effectively manage
electrical, hydraulic and mechanical power. The company is a global technology
leader in electrical products, systems and services for power quality,
distribution and control, power transmission, lighting and wiring products;
hydraulics components, systems and services for industrial and mobile
equipment; aerospace fuel, hydraulics and pneumatic systems for commercial and
military use; and truck and automotive drivetrain and powertrain systems for
performance, fuel economy and safety. Eaton acquired Cooper Industries plc in
2012. The new company, Eaton Corporation plc, has approximately 100,000
employees and sells products to customers in more than 150 countries. For more
information, visit www.eaton.com.
Jennifer Holton, 216-523-5365
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