For second consecutive year,Dow is recognized in annual ranking for global leadership in innovation performance.
The Dow Chemical Company was named to the Thomson Reuters Top 100 Global Innovators list for the second,consecutive year in recognition of the Company's R&D and patent leadership.The list recognizes the most innovative companies in the world,selected using a proprietary series of patent-focused metrics.
"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 CEO."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 the recognition is unique because it underlines the impact and breadth of Dow's 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,"he explained.
Dow's diversified industry-leading portfolio of specialty chemical,advanced materials,agrosciences and plastics businesses delivers a broad range of technology-based products and solutions to customers in approximately 160 countries and in high growth sectors such as electronics,water,energy,coatings and agriculture.In 2011,Dow had annual sales of$60 billion and employed approximately 52,000 people worldwide.The company's more than 5,000 products are manufactured at 197 sites in 36 countries across the globe.
METHODOLOGY
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.
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.
