02/19/2020 | Press release | Distributed by Public on 02/19/2020 08:19
MIDLAND, Mich. - February 19, 2020 - Dow (NYSE: DOW) announced today it was named among the Derwent Top 100 Global Innovators by Clarivate Analytics in its 2020 report. The annual report identifies and celebrates the world's most innovative organizations that successfully develop valuable patented inventions that also have strong commercialization potential based on market reach and impact on other downstream inventions.
'Our ambition is to be the most innovative, customer-centric, inclusive and sustainable materials science company in the world and we are pleased to be recognized by Derwent as a top innovator for the ninth consecutive time,' said A.N. Sreeram, senior vice president, Research & Development, and chief technology officer for Dow. 'Our teams ensure a robust pipeline of inventions and patents that create value for our customers and our shareholders. These innovative products and services deliver solutions across the entire value chain.'
The organization noted that the Top 100 Global Innovators on the list generated more than $4.5 trillion in revenue in 2019, spent more than $316 billion on research and development and had 145 thousand inventions.
Now in its ninth year, the Derwent Top 100 Global Innovators report utilizes editorially enhanced, authoritative and accurate patent data from Derwent World Patents Index™ (DWPI) and Derwent Patent Citations Index™ (DPCI) to track innovation based on four indicators: volume, influence, success and globalization.
The Derwent Top 100 Global Innovators 2020 report and full list of Top 100 organizations can be found here.
Dow (NYSE: DOW) combines global breadth, asset integration and scale, focused innovation and leading business positions to achieve profitable growth. The Company's ambition is to become the most innovative, customer centric, inclusive and sustainable materials science company. Dow's portfolio of plastics, industrial intermediates, coatings and silicones businesses delivers a broad range of differentiated science-based products and solutions for its customers in high-growth market segments, such as packaging, infrastructure and consumer care. Dow operates 109 manufacturing sites in 31 countries and employs approximately 36,500 people. Dow delivered sales of approximately $43 billion in 2019. References to Dow or the Company mean Dow Inc. and its subsidiaries. For more information, please visit www.dow.com or follow @DowNewsroom on Twitter.