USA – Thomson Reuters have revealed that Honeywell has been named as one of their 2015 Top 100 Global Innovators, for the fifth consecutive year, recognizing Honeywell’s achievements as one of the world’s most innovative companies.

The program, which was launched as an initiative by the IP & Science business of Thomson Reuters, honours the 100 global corporations and institutions that they consider to be at the heart of innovation as measured by a series of proprietary patent-related metrics. Taken as a group, the 2015 Thomson Reuters Top 100 Global Innovators were revealed to have generated more than $429 trillion in revenue and invested more than $20 trillion in research and development in 2014.

Thomson Reuters declared that Honeywell had been selected based on their overall patent volume, patent application-to-grant success rate, global reach of portfolio, and patent influence as evidenced by citations. The aforementioned criteria highlighted Honeywell as a company that is working hard on a global level to discover new inventions, protect them from infringers, and commercialize them.

Commenting on Honeywell’s selection, David Brown, senior vice president for Thomson Reuters Intellectual Property and Science, said “In today’s hypercompetitive global marketplace, innovation is much more than just having great ideas. True innovation occurs when individuals and companies harness the power and insight to bring ideas to life.”

Mr Brown underlined the importance of innovation, concluding “This is the potent formula we measure with our Top 100 Global Innovators program. The institutions on this year’s list represent the current vanguard in innovation by pioneering new breakthroughs and organizing their businesses to make these discoveries a reality.”