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Saturday, November 21, 2009
News Making Money

Siemens increases number of patents by 10% to 55,000

02/12/2008 05:35 (353 Day 22:16 minutes ago)

The FINANCIAL -- In fiscal 2008, Siemens increased the total number of patents it has received by 10% to 55,000. In the same period, the company’s 32,500 R&D employees filed some 8,200 invention disclosures, corresponding to 37 inventions per working day.

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These invention disclosures subsequently generated 5,000 patent applications. On December 1, 2008, Peter Löscher, CEO of Siemens AG, honored twelve outstanding employees as “Inventors of the Year” in Munich. The award winners are responsible for a total of around 800 patents. Their research covers the full range of the company’s business activities, with efficient power generation and environment protection as one of the main topics – six of the twelve inventors work in these fields.


The spectrum of award-winning inventions ranges from gearless wind turbines, new alloys for high-temperature-resistant turbine blades and better combustion in gas heating, to reduced radiation dose levels in computer tomography. “Innovation is about providing the right answers to the most pressing questions of our time,” said Siemens CEO Peter Löscher. “Our 430,000 employees worldwide – and especially our award-winning inventors – help our customers to speed up their production processes and reduce their costs, while at the same time saving resources.”

 

The “Inventors of the Year” award has been presented annually to twelve Siemens R&D employees since 1995. “Our success is based on efficient innovation management. This can only be achieved when our innovation strategy is part of our business strategy and is geared toward attractive markets with long-term growth prospects,” said Professor Hermann Requardt, CTO and CEO of the Healthcare Sector. “Siemens has always seen itself as a trendsetter that combines business strength with technological strength.“

 

“The company’s central R&D department, Corporate Technology produces an above-average proportion of initial registrations,” said Dr. Winfried Büttner, head of Siemens’ patent department.  The Industry Sector is particularly active in the patent area and has generated nearly 50% of all the company’s patents. “Siemens’ new structure is oriented towards rapidly growing markets such as renewable energy sources, integrated healthcare systems, and the digital factory of the future.  We’re deliberately strengthening our patent portfolio in these growth areas. High-quality patents give us a competitive advantage as an innovator.”

 

 

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Politics
Biden Calls for Fulfilling Promises of Rose Revolution

20/11/2009 12:35 (15:16 minutes ago)

The FINANCIAL -- According to Civil Georgia, U.S. Vice President Joe Biden called President Saakashvili on November 18 to discuss democratic reform in Georgia and to reiterate the United States’ strong support for Georgia’s sovereignty and territorial integrity, the White House reported.

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Markets
NASDAQ OMX Stockholm and Valueguard Launch New Housing Price Index

20/11/2009 16:10 (11:41 minutes ago)

The FINANCIAL -- NASDAQ OMX Stockholm AB, part of the NASDAQ OMX Group (NASDAQ:NDAQ), together with Valueguard on November 19 introduced a new suite of housing price index, "NASDAQ OMX Valueguard-KTH Flats" (HOX), based on the price development for privately held flats in Sweden's three largest cities.

INSURANCE
ING restructuring plan approved by European Commission

19/11/2009 12:39 (1 Day 15:12 minutes ago)

The FINANCIAL -- ING announced on November 18 that the European Commission has formally approved the restructuring plan submitted by ING .

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