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Original Press Release
Leviton Ranks Highest In "Industry Impact" on Patent Board(TM) Scorecard
Press release date: Feb 02, 2009
Company Perceived as Top Innovator in the Industry
Little Neck, NY, February 2, 2009 - Leviton Manufacturing Company, North America's leading producer of electrical and electronic wiring devices, was again ranked # 1 by the Patent Board(TM) for the impact the company's patents have had on the industry. The Patent Board analyzes innovation, movement, and the business value of corporate patent assets, using four quantitative benchmarks to measure the relative strength of a company's patent portfolio. Leviton's composite score on the Patent Board's Scorecard(TM) for the period ending Q 4 2008 earned it an 8th place ranking in the industrial components and fixtures category -- directly after 3M and Eaton Corporations and just before Panduit, Legrand Group and General Electric.
The Patent Board's Scorecard rates corporate innovation across 17 industries and combines a number of industry-standard metrics to arrive at measures of patent portfolio quality, technological strength and breadth of impact. The aggregate score received by a company determines its overall ranking.
"We are delighted that our patent portfolio was once again ranked so highly by the Patent Board," said Donald J. Hendler, president and CEO of Leviton. "Given the high profile of the companies included on the Patent Board's Scorecard, it is edifying to be perceived as the front-runner in the area of industry impact. That our product designs and technology stand as the yardstick for other companies' leading technologies is much to the credit of our team of design engineers."
The Patent Board's Scorecard criteria includes measures of a company's technology strength, industry impact, patents granted, science strength, research intensity and innovation cycle time. Leviton received the highest score of all companies on the index in the area of industry impact -- a measure of the degree to which a company's patent portfolio impacts the development of technologies in other companies compared to the industry at large. Leviton's industry impact rating placed it over four times the industry average.
Founded in 1906 at the dawn of the electrical era, Leviton manufactures over 25,000 different products and is North America's leading electrical and electronic wiring device producer. Leviton products are used in nine out of ten homes in the US and Canada, and in commercial facilities, industrial plants and OEM operations. A third generation family owned and operated business, Leviton sets the pace of progress in the industry. For more information about Leviton, visit www.leviton.com.
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