Dow Clarivate Analytics Top 100 Global Innovators
Dow Included in the Clarivate Analytics Top 100 Global Innovators List
MIDLAND, Mich. – January 10, 2017 –The Dow Chemical Company (NYSE: DOW) announced today that it was recognized as a Top 100 Global Innovator by Clarivate Analytics for the sixth consecutive year. Formerly known as the Thomson Reuters Top 100 Global Innovators, the list annually recognizes the most innovative organizations in the world.
“This is our sixth straight year on the Top 100 Global Innovators list, clear recognition of the continuing strength of Dow’s R&D. We pride ourselves on being a market-driven, productive R&D organization, and that is what being a Top 100 Global Innovator recognizes,” said A. N. Sreeram, Dow’s senior vice president and chief technology officer. “This recognition is important to us because it recognizes impact. It isn’t an award for numbers of patents, it recognizes the quality, global reach and impact of our innovation. The power of our innovation portfolio translates directly into success for our company, our customers, and for society as a whole.”
The Clarivate Analytics top 100 Global Innovators methodology analyzes patent and citation data across four main criteria: volume; success; globalization and influence. The organization noted that the firms on its list generated more than $4 trillion revenue in 2015 and spent more than $227 billion on research and development. On average, the 2016 Top 100 Global Innovators invest 9.1 percent more in R&D than those in the S&P 100.
“We believe the power of innovation is a fundamental driver of economic wellbeing, competitive advantage and success, which represents the heart of our business – to accelerate the pace of innovation through discovery, protection and commercialization,” said Jay Nadler, CEO of Clarivate Analytics. “Our Top 100 Global Innovators methodology eliminates any ambiguity as to what makes an organization innovative and we congratulate those who have made meaningful gains to usher in the next era of global innovation.”
Dow (NYSE: DOW) combines the power of science and technology to passionately innovate what is essential to human progress. The Company is driving innovations that extract value from material, polymer, chemical and biological science to help address many of the world's most challenging problems such as the need for clean water, clean energy generation and conservation, and increasing agricultural productivity. Dow's integrated, market-driven, 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 180 countries and in high-growth sectors such as packaging, electronics, water, coatings and agriculture. In 2015, Dow had annual sales of nearly $49 billion and employed approximately 49,000 people worldwide. The Company's more than 6,000 product families are manufactured at 179 sites in 35 countries across the globe. On June 1, 2016, Dow became the 100 percent owner of Dow Corning Corporation’s silicones business, a global company with sales of greater than $4.5 billion in 2015, 25 manufacturing sites in 9 countries and approximately 10,000 employees worldwide. References to "Dow" or the "Company" mean The Dow Chemical Company and its consolidated subsidiaries unless otherwise expressly noted. More information about Dow can be found at www.dow.com.
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