Siemens Leader in European Patent Applications for 2018
MAR 15, 2019 - 6:35 am
Siemens submitted more patent applications than any other company in Europe in 2018, thus advancing to first place in the European Patent Office’s application rankings.
With 2,493 patent applications, Siemens relegated last year’s leader, Huawei, to second place, followed by Samsung and LG. In 2017, Siemens had taken second place.
The last time the company was ranked No. 1 in Europe was in 2011.
More than 25% of the patents are in the areas of Industry 4.0 and digitalization, where Siemens submitted considerably more applications for intellectual property rights than in the prior year. The company also reported a substantial increase in the areas of artificial intelligence and cybersecurity.
“The ranking proves that Siemens is continually and consistently delivering outstanding innovation work, in particular, in digital technologies,” said Beat Weibel, head of the Intellectual Property department at Siemens. “Nevertheless, our focus is not just on the mere number of patents but also on the quality and the broad regional distribution of our protective rights. Above all, digitalization and the importance of the service business are making broader coverage necessary.”
Siemens holds a total of more than 65,000 patents. The company’s employees submitted around 3,900 patent applications and 7,300 invention disclosure reports worldwide in fiscal 2018. Based on 220 workdays a year, this represents an average of about 33 inventions per day. Siemens has around 43,000 R&D employees in 44 countries, including some 14,100 in Germany.
As illustrated throughout the magazine this issue, Monitor is celebrating the women who work with and in the equipment finance industry. But for all of the advancement that’s occurred in the last few decades as more and more women have... read more
As the financial crisis and recession of 2008-2009 faded and the economic recovery lengthened, commercial banks and other financial institution “rediscovered” the equipment finance and leasing sector. This led to a flurry of M&A activity, and several independent players in... read more