For Second Consecutive Year, Dow Recognized in Annual Ranking for Global Leadership in Innovation Performance
The Thomson Reuters 2012 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.
"This distinction has affirmed yet again the unique role that our technology and science-based solutions play in addressing the evolving challenges and everyday needs of our planet," said Andrew N. Liveris, Dow Chairman and Chief Executive Officer. "The power of our innovation portfolio translates directly into success for our company, our customers, and for society as a whole."
Dr. William F. Banholzer, Chief Technology Officer, New Business Development and Executive Vice President said, "It is great to be recognized again as a Top 100 Innovator. This recognition is unique because it underlines the impact and breadth of our R&D efforts. We pride ourselves on being a business-driven, productive R&D organization and that is what being a Top 100 Global Innovator recognizes." Banholzer said, "More than ever, our innovations are targeted to high-return businesses and markets with the clear ability to deliver near-term earnings. Dow's pipeline is focused on commercialization, with a risk-adjusted net present value of $13 billion."
"All of the 2012 recipients instill a culture of innovation within their organizations and invest in R&D to keep the inventive process alive," said David Brown, managing director, Thomson Reuters IP Solutions. "These are companies that are widely recognized as having founding technology and paving the way for our future."
As a group, winners of the Thomson Reuters' Top 100 Global Innovators outperformed the S&P 500 by 3 percent in their market cap weighted revenue (15 percent versus 12 percent). Additionally, the publicly-traded Top 100 Global Innovator organizations had a 15 percent increase in cumulative stock value between the end of 2011 to mid-October 2012. To view the full report, visit http://www.top100innovators.com/.
About Dow in the Middle EastDow has a longstanding relationship with the Middle East beginning with the establishment of manufacturing and commercial facilities in the United Arab Emirates more than 30 years ago. Since then, Dow has established a solid presence in the Middle East petrochemicals industry, partnering with leading regional companies to set up state-of-the-art petrochemical complexes across the region. For 15 years, Dow and Petrochemical Industries Company K.S.C. (PIC) of Kuwait have shared one successful milestone after another, partnering on six industry-leading joint ventures. Saudi Aramco and Dow are in the formation process of a joint venture to build, own and operate a world-scale integrated chemicals complex in the Eastern Province of the Kingdom of Saudi Arabia. From the entrepreneurship initiatives of Young Arab Leaders to the new Dow Middle East and Africa R&D Center at the King Abdullah University of Science and Technology in Saudi Arabia, Dow actively supports the social and economic aspirations of the communities where it operates. For more information about Dow in the Middle East, please visit: www.dowmiddleeast.com
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