Dow Recognized as a 2011 Top 100 Global Innovator by Thomson Reuters
November 17 2011 - 12:00PM
Business Wire
In acknowledgement of the company’s worldwide leadership in
value-driving innovation, The Dow Chemical Company (NYSE: DOW) has
been named to the first edition of Thomson Reuters’ Top 100 Global
InnovatorsSM. This independent recognition is based on a
proprietary methodology to identify the most influential
organizations globally as demonstrated through patent and
intellectual property data. Rohm and Haas, which was acquired by
Dow in 2009, was also named a Top 100 Global Innovator. Both
companies were honored autonomously because they each filed patents
during a portion of the timeframe considered for the ranking’s
methodology (from 2008 to 2010).
“Dow’s integrated portfolio of solutions makes the world safer,
healthier, cleaner, and more convenient. As a transformed company,
powered by the integration of Rohm & Haas, we are uniquely
enabled to address the major challenges of an evolving planet while
providing increased value for our customers,” said Andrew Liveris,
Dow Chairman and CEO. “Combined, the two great companies have made
one powerful and solutions-focused Company who’s R&D engine
fuels our business strategy to provide game-changing innovations
worldwide.”
The Thomson Reuters 2011 Top 100 Global Innovator methodology is
based on four principle criteria: patent approval success rate,
global reach of patent portfolio, patent influence in literature
citations and overall patent volume. The peer-reviewed
methodology was executed using different products and tools,
including Thomson Reuters Derwent World Patents Index® (DWPI) –
which assesses information from 47 different patent authorities
around the world. Comparative financial analysis was also used to
base the study.
“We have one of the largest R&D programs in the entire U.S.
industry. Our goal is not to spend the most – it is to be the most
productive. This important recognition from Thomson Reuters adds to
our stringent R&D pipeline management system, which helps us to
broadly measure the importance and influence of our innovations,"
stated Dr. William F. Banholzer, Dow’s Executive Vice President,
Ventures, New Business Development and Licensing, and Chief
Technology Officer (CTO). “Our research and investments are
aligned with global megatrends and supported by solid business
cases. Because at Dow we know that innovation transforms knowledge
into new solutions, creates value and fuels growth.”
Since 2009, Dow has delivered more than $400 million in EBITDA
from innovation, and expects to reach nearly $1 billion in 2012 and
$2 billion in 2015. Some recent examples of key breakthrough
solutions that will deliver significantly to the company’s bottom
line are Dow Coating Materials’ EVOQUE™ Pre-Composite
Polymer Technology and the revolutionary DOW POWERHOUSE™ Solar
Shingle.
This recognition from Thomson Reuters demonstrates that Dow
invests in innovation, and is significantly more likely to
contribute to economic growth, both within its own organization and
the nations where it does business. According to Thomson Reuters
data, the United States continues to lead innovation within the
chemical manufacturing sector with 46 percent of the companies
based in the U.S., followed by Europe with 31% and Asia with
23%.
“Innovation is a means of growth and prosperity for companies
and nations struggling to overcome sluggish economies and achieve
competitive advantage,” said David Brown, president of the IP
Solutions business of Thomson Reuters. “We salute the Thomson
Reuters 2011 Top 100 Global Innovator companies and their leaders
for the innovative spirit they foster and their commitment to
protecting intellectual assets.”
Some key findings from Thomson Reuters’ Top 100 Global
Innovators study:
- Created over 400,000 new jobs in
2010.
- Are geographically dispersed: 40% are
from the U.S.A., 31% are from Asia, and 29% are from Europe.
- Had an increase in revenue year over
year with 69% of the organizations experiencing growth.
- Outperformed the S&P 500
year-over-year with 74.2% of the publicly-traded companies
experiencing an increase in stock price.
To view the full report on the Thomson Reuters Top 100 Global
Innovator program, go to www.top100innovators.com.
About The Dow Chemical Company
Dow (NYSE: Dow) combines the power of science and technology
with the "Human Element" to passionately innovate what is essential
to human progress. The Company connects chemistry and innovation
with the principles of sustainability to help address many of the
world's most challenging problems such as the need for clean water,
renewable energy generation and conservation, and increasing
agricultural productivity. Dow's diversified industry-leading
portfolio of specialty chemical, advanced materials, agrosciences
and plastics businesses delivers a broad range of technology-based
products and solutions to customers in approximately
160 countries and in high growth sectors such as electronics,
water, energy, coatings and agriculture. In 2010, Dow had annual
sales of $53.7 billion and employed approximately
50,000 people worldwide. The Company's more than 5,000
products are manufactured at 188 sites in 35 countries
across the globe. References to "Dow" or the "Company" mean The Dow
Chemical Company and its consolidated subsidiaries unless otherwise
expressly noted. More information about Dow can be found at
www.dow.com.
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