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ABB number one for Swiss patent applications

Posted on 06 Apr 2020 and read 1989 times
ABB number one for Swiss patent applications ABB has secured first place among Swiss companies in the European Patent Office’s (EPO) list of patent applicants in 2019, with 689 patent applications — an increase of 21% compared to 2018.

Switzerland is the world’s innovation champion with 988 patent applications per million people — followed by Sweden, which recorded 433 patent applications.

The overall number of applications registered in Switzerland grew by 3.6% to a new record number of 8,249, while Sweden registered an increase of 8% to 4,381.

Most of the patents applied for by ABB in 2019 are geared towards increased sustainability by cutting greenhouse gas emissions and improving energy and operations efficiency.

Nearly 60% of ABB’s global revenues already come from solutions that protect the environment and combat global warming. On-going R&D will support ABB’s efforts to increase this percentage in 2020.

Bazmi Husain, ABB’s chief technology officer (www.new.abb.com), said: “Maintaining a focus on sustainable technologies in R&D is more important than ever.

“With our approach, we are paving the way for an increasingly autonomous and digital industry.

“Recent examples of forward-thinking innovations by ABB have helped make us the global technology leader for electric-vehicle charging infrastructure and for collaborative robots.”

Technology and innovation play a crucial role for ABB. In 2019, the company increased its investment in R&D by 4.4% to $1.2 billion (or 4.3% of annual revenues), and it employs around 7,000 researchers globally.