UTEK Corporation’s Strategos and The wRatings Corporation Launch the SW Innovation Index
November 19 2009 - 8:00AM
Business Wire
UTEK Corporation (NYSE Amex: UTK), a leading IP licensing and
innovation services company, and The wRatings Corporation, an
independent stock research firm, announced today the results of
their inaugural SW Innovation Index for the consumer electronics
industry. The study was conducted in a collaborative effort between
The wRatings Corporation and Strategos, the strategic innovation
consulting division of UTEK. Major highlights from the innovation
capabilities study include LG and Nintendo ranking #1 and #2,
respectively, and Apple rounding out the top 10.
Based on the principle that the end-customers are the final
arbiter of a company’s innovation performance, the SW Innovation
Index is based on end-customers’ feedback on tangible benefits and
emotional rewards they received from a wide range of consumer
electronics manufacturers. The SW Innovation Index combines
wRatings’ robust and rigorous consumer feedback data with
Strategos’ deep expertise in helping companies innovate and grow.
Going forward the index will be published on a quarterly basis,
covering a range of industries.
Ranking lower on this edition of the SW Innovation Index are
some former industry leaders, including Motorola and Dell
Computers. Peter Skarzynski, Managing Director of Strategos and
author of Innovation to the Core: A Blueprint for Transforming the
Way Your Company Innovates (Harvard Business School Press, 2008),
noted, “Companies that can successfully challenge industry
orthodoxies and innovate at the level of the business model have
the best chance of thriving in this turbulent time. Ultimately,
innovation, not current market position, is the best offense and
defense against unforeseen competitions.”
Gary A. Williams, Chief Executive Officer and Founder of
wRatings said, “While companies can be competitive for many
reasons, innovation is becoming an ever more important factor. The
SW Innovation Index can provide foresight into a company’s future
competitiveness.”
40 companies were reviewed in his edition of the SW Innovation
Index, ranging from 0 to 100, with 100 equaling the most
innovative. The top 10 performers are listed below:
Rank Company
Strategos/wRatings Innovation Index
Ticker 1 LG 91.8 NYSE: LPL 2 Nintendo 85.9 OTC: NTDOY 3
Microsoft 84.6 NASDAQ: MSFT 4 Sony 83.1 NYSE: SNE 5 Hitachi 83.0
NYSE: HIT 6 Canon 82.6 NYSE: CAJ 7 Sharp 82.5 OTC: SHCAY 8 NetApp
82.3 NASDAQ: NTAP 9 Audiovox 82.2
NASDAQ: VOXX
10 Apple 82.0 NASDAQ: AAPL
The report is available at www.strategos.com or
www.wratings.com. Detailed ranking and score data are available to
wRatings subscribers.
About UTEK Corporation
UTEK® is a leading global IP licensing and innovation services
company. UTEK’s services enable its clients to enhance their
innovation capabilities, rapidly source externally developed
technologies, create value from their intellectual property and
gain foresight into marketplace and technology developments that
could affect their business.
Strategos® is the strategic innovation consulting division of
UTEK. Strategos helps clients innovate and grow by bringing
innovation to their core business and organization. For more
information about UTEK and Strategos, please visit:
www.utekcorp.com and www.strategos.com.
About The wRatings Corporation
The wRatings Corporation provides executives, investors and
consultants with the only system that measures 5,000 stocks every
week based on how well each company meets customer expectations.
Created by Harvard Business Review author and research expert Gary
A. Williams, each score blends a ranking of the company’s economic
profit with their ability to create moat barriers that prevent
rivals from taking their customers. Since 1999, the patented
wRatings system has never failed to outperform the S&P 500 and
other common investment benchmarks. For more information about
wRatings, please visit: www.wRatings.com.
Forward-Looking Statements
Certain matters discussed in this press release are
“forward-looking statements." These forward-looking statements can
generally be identified as such because the context of the
statement will include words, such as UTEK or wRatings "expects,"
"should," "believes," "anticipates" or words of similar import.
Such forward-looking statements are subject to certain risks and
uncertainties, which could cause actual results to differ
materially from those currently anticipated. Certain factors could
cause results and conditions to differ materially from those
projected in these forward-looking statements. These factors are
not exhaustive. New factors, risks and uncertainties may emerge
from time to time that may affect the forward-looking statements
made herein. These forward-looking statements are only made as of
the date of this press release and UTEK and wRatings do not
undertake any obligation to publicly update such forward-looking
statements to reflect subsequent events or circumstances. This
press release is available on the Company’s website at
www.utekcorp.com.
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