SOURCE: Cummins Inc.DESCRIPTION:
Global power leader Cummins has been named one of the world’s top 100 organizations innovating for a better environmental future.
The company’s inclusion in Sagacious IP’s GREEN100 Index follows Cummins’ record year for global patents of all types in 2020. The company received 312 global patents, topping its previous record of 287 reached in 2019.
“The GREEN100 Index is an annual feature to recognize organizations who are working and innovating relentlessly for building a green future,” said Tarun Kumar Bansal, President, Sagacious IP. “I congratulate Cummins for being at the forefront of green innovation and entwining sustainability within the company’s goals.”
Sagacious IP is one of the largest global intellectual property research and consulting firms, headquartered in Gurgaon, India, with offices around the world. The study is based on a review of what Sagacious calls a company’s “Green Patent Portfolio.” The firm says its methodology enables Sagacious to evaluate both the quantity and quality of a company’s patents.
The index includes 100 companies and universities around the world, ranging from Qualcomm, the technology company based in San Diego, California, to French materials manufacturer Compagnie de Saint-Gobain, which ranked No. 100. Cummins ranked No. 92 in the study.
The United States had the most organizations in the GREEN100 with 39 followed by Japan with 20. The patents reviewed by Sagacious generally fell into one of 10 groupings: energy and power; transportation – motor vehicles and parts; renewables; information and communication; transportation – airlines; industrial machinery; building and infrastructure; chemical; health care; and metal processing.
Cummins has been quickly emerging as a leader in low carbon power technologies such as battery and fuel cell electric. It also produces electrolyzers used to produce renewable hydrogen, a promising low-carbon fuel.
The company has also been improving its diesel and natural gas platforms to reduce heat-trapping greenhouse gases as well as key contributors to smog such as particulate matter and nitrogen oxides.
Tweet me: .@Cummins has been recognized as a leader in environmental innovation. The company was included in the @IP_Updates’s GREEN100 Index, a global list of the top organizations innovating to address global climate challenges and other environmental issues. https://bit.ly/3cKfdkU
KEYWORDS: Cummins, Cummins Inc., Green Patent Portfolio, GREEN100 Index, NYSE:CMI