Harris Corporation Named Among World's 100 Most Innovative Companies
Harris Corporation (NYSE:HRS) has been named one of the world's most innovative companies by Thomson Reuters under the firm's new 2011 Top 100 Global InnovatorSM program. The program analyzes patent data and related metrics in a proprietary methodology to identify the organizations that lead the world in innovation activity.
- (1888PressRelease) November 22, 2011 - Harris was one of 40 U.S. based companies and one of seven communications companies selected as a top global innovator. The Thomson Reuters 2011 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.
"Harris strives to provide the most innovative, reliable and secure communications solutions possible for customers in more than 150 countries around the globe. Our customers' operations and sometimes lives depend on it," said Kent Buchanan, vice president of engineering and chief technology officer, Harris Corporation. "This recognition is a testament to the more than 7,000 Harris engineers worldwide who create and deliver these innovative solutions every day."
"Innovation is a means of growth and prosperity for companies and nations seeking to overcome sluggish economies and achieve competitive advantage," said David Brown, president of the IP Solutions business of Thomson Reuters. "The Thomson Reuters 2011 Top 100 Global Innovator program recognizes those organizations that lead the world in innovation, the protection and commercialization of inventions, and influence on future technologies. We salute these companies and their leaders for the innovative spirit they foster and their commitment to protecting intellectual assets."
A comparison of market data for the 2011 Top 100 Global Innovator companies shows they added 400,087 new jobs in 2010 over 2009, three percent more than the prior year and greater than the percentage increase in growth experienced by the S&P 500 for the same period. "The jobs created by the Top 100 Global Innovator organizations are proof of the impact innovation can have on driving economic growth, a valuable point as first world nations struggle to identify pathways for future prosperity and emerging markets enter the global marketplace," said Brown. Additionally, the 2011 Top 100 Global Innovator organizations had a 12.9 percent increase in market cap weighted average revenue over the prior year, whereas the S&P 500 market cap weighted average revenue grew by just 7.2 percent.
Thomson Reuters 2011 Top 100 Global Innovator companies are geographically dispersed. Forty percent of them are from the U.S., 31 percent are from Asia, and 29 percent are from Europe. Asia's representation is split between Japan and South Korea, with 27 percent from the former and four percent from the latter. Europe's representation is divided between France (11 percent), Germany (four percent), the Netherlands (four percent), the Principality of Lichtenstein (one percent), Sweden (six percent), and Switzerland (three percent). France is the European leader in innovation. Despite China's lead in patent application filing volume, it is absent from the top 100 list as patent quality and global influence are important aspects of the methodology.
To view the full report on the Thomson Reuters Top 100 Global Innovator program, go to www.top100innovators.com.
About Thomson Reuters
Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, healthcare and science and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs more than 55,000 people and operates in over 100 countries. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges. For more information, go to www.thomsonreuters.com.
About Harris Corporation
Harris is an international communications and information technology company serving government and commercial markets in more than 150 countries. Headquartered in Melbourne, Florida, the company has approximately $6 billion of annual revenue and more than 16,000 employees — including nearly 7,000 engineers and scientists. Harris is dedicated to developing best-in-class assured communications® products, systems, and services. Additional information about Harris Corporation is available at www.harris.com.
Contact Information:
Jim Burke
Harris Corporation
jim.burke ( @ ) harris dot com
321-727-9131
Laura Gaze
Senior Marketing Manager, IP Solutions
laura.gaze ( @ ) thomsonreuters dot com
203-868-3340
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