Harris Corporation Named Among World’s 100 Most Innovative Companies
November 15 2011 - 2:19PM
Business Wire
Harris Corporation (NYSE:HRS) has been named one of the world’s
most innovative companies by Thomson Reuters under the firm’s new
2011 Top 100 Global InnovatorSM program. The program analyzes
patent data and related metrics in a proprietary methodology to
identify the organizations that lead the world in innovation
activity.
Harris was one of 40 U.S. based companies and one of seven
communications companies selected as a top global innovator. 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.
“Harris strives to provide the most innovative, reliable and
secure communications solutions possible for customers in more than
150 countries around the globe. Our customers’ operations and
sometimes lives depend on it,” said Kent Buchanan, vice president
of engineering and chief technology officer, Harris Corporation.
“This recognition is a testament to the more than 7,000 Harris
engineers worldwide who create and deliver these innovative
solutions every day.”
“Innovation is a means of growth and prosperity for companies
and nations seeking to overcome sluggish economies and achieve
competitive advantage,” said David Brown, president of the IP
Solutions business of Thomson Reuters. “The Thomson Reuters 2011
Top 100 Global Innovator program recognizes those organizations
that lead the world in innovation, the protection and
commercialization of inventions, and influence on future
technologies. We salute these companies and their leaders for the
innovative spirit they foster and their commitment to protecting
intellectual assets.”
A comparison of market data for the 2011 Top 100 Global
Innovator companies shows they added 400,087 new jobs in 2010 over
2009, three percent more than the prior year and greater than the
percentage increase in growth experienced by the S&P 500 for
the same period. “The jobs created by the Top 100 Global Innovator
organizations are proof of the impact innovation can have on
driving economic growth, a valuable point as first world nations
struggle to identify pathways for future prosperity and emerging
markets enter the global marketplace,” said Brown. Additionally,
the 2011 Top 100 Global Innovator organizations had a 12.9 percent
increase in market cap weighted average revenue over the prior
year, whereas the S&P 500 market cap weighted average revenue
grew by just 7.2 percent.
Thomson Reuters 2011 Top 100 Global Innovator companies are
geographically dispersed. Forty percent of them are from the U.S.,
31 percent are from Asia, and 29 percent are from Europe. Asia’s
representation is split between Japan and South Korea, with 27
percent from the former and four percent from the latter. Europe’s
representation is divided between France (11 percent), Germany
(four percent), the Netherlands (four percent), the Principality of
Lichtenstein (one percent), Sweden (six percent), and Switzerland
(three percent). France is the European leader in innovation.
Despite China’s lead in patent application filing volume, it is
absent from the top 100 list as patent quality and global influence
are important aspects of the methodology.
To view the full report on the Thomson Reuters Top 100 Global
Innovator program, go to www.top100innovators.com.
About Thomson Reuters
Thomson Reuters is the world's leading source of intelligent
information for businesses and professionals. We combine industry
expertise with innovative technology to deliver critical
information to leading decision makers in the financial, legal, tax
and accounting, healthcare and science and media markets, powered
by the world's most trusted news organization. With headquarters in
New York and major operations in London and Eagan, Minnesota,
Thomson Reuters employs more than 55,000 people and operates in
over 100 countries. Thomson Reuters shares are listed on the
Toronto and New York Stock Exchanges. For more information, go to
www.thomsonreuters.com.
About Harris Corporation
Harris is an international communications and information
technology company serving government and commercial markets in
more than 150 countries. Headquartered in Melbourne, Florida, the
company has approximately $6 billion of annual revenue and more
than 16,000 employees — including nearly 7,000 engineers and
scientists. Harris is dedicated to developing best-in-class assured
communications® products, systems, and services. Additional
information about Harris Corporation is available at
www.harris.com.
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