Eaton Corporation has been named a Thomson Reuters 2011 Top 100 Global Innovator for its achievements as one of the world’s most innovative companies.
The program identifies businesses that invent on a significant scale, are working on developments acknowledged as innovative by patent offices across the world, and have inventions that require global protection.
Eaton currently holds nearly 9,000 patents globally, more than 750 granted during 2011. Eaton’s patented products include the Eaton 9395 Uninterruptible Power Supply, TVS Supercharger, UltraShift PLUS transmission and many more from all business segments.
“At Eaton, innovation is fundamental to our strategies for global growth, and we are pleased with this recognition,” said Lennart Jonsson, Eaton executive vice president and chief technology officer. “Innovation is not easy; it challenges the status quo, attempts to identify future trends and sometimes involves higher-risk investments. But we are committed to continually creating new ways to provide our customers with safe, reliable, efficient and sustainable power management solutions.”
According to Thomson Reuters, the 100 companies named to the global innovator list collectively increased weighted average revenue by nearly 13 percent in 2010, outperforming the increase in revenue for Standard & Poor’s (S&P) 500 Index companies by nearly six percent. They more than doubled the R&D spend of their S&P 500 counterparts, and nearly 74 percent of the publicly traded companies had an increase in stock price in 2010. To view the full report on the Thomson Reuters Top 100 Global Innovator program, visit www.top100innovators.com.