Sumitomo Electric Industries, Ltd., headquartered in Osaka, Japan, has received a 2016 Top 100 Global Innovator Award from Clarivate Analytics, formerly the Intellectual Property & Science business of Thomson Reuters. The award recognises the most innovative corporations and institutions in the world and it is the fifth time Sumitomo Electric has received the honour.
The methodology behind the award is to use objective analysis of patent volume, patent-grant success rates, global reach and invention influence to identify, without bias, the world’s most innovative organisations.
The company designs and manufactures a wide range of industrial products including numerous Powder Metallurgy components and hard materials. In 2016 Sumitomo Electric also acquired US based Keystone Powdered Metal Company.