PLANO, Texas, Feb. 18, 2016 /PRNewswire/ -- Fast Company, a highly regarded business and technology publication, has ranked Huawei the 13th most innovative company in the world for 2016. This is Huawei's third time to be ranked within the Top 50 Most Innovative Companies.
Utilizing Huawei's expertise in mobile networks and devices, expansive infrastructure of industry partners and clients, the company has been able to establish itself as the world's leading ICT solutions provider and the third largest smart phone manufacturer globally.
"To be recognized by Fast Company for our efforts in innovation is truly an honor," said Ryan Ding, Executive Director and President of Products and Solutions. "At Huawei, we're committed to building a better connected world and innovation is one of our core principles. This recognition is a positive affirmation that the innovation we're trying to provide globally, building better societies and connecting the unconnected is being recognized."
"Huawei's continuing investments in R&D are a point of pride for the company, and they should be," said Peter Jarich, Vice President at Current Analysis. "Beyond a growth rate envied by nearly all competitors, the result has been a consistent stream of customer-centric innovations and technology leadership that will only become more important as network evolutions accelerate."
"At Vodafone, while we invest directly in innovation and research ourselves, we also collaborate with our partners to develop new technology. Working with Huawei in this way helps magnify our in-house R&D capabilities and allows us to deliver better services to our customers around the world," said Matt Beal, Director of Architecture and Innovation at Vodafone.
Huawei maintains a steadfast commitment to achieving innovation through R&D:
- It's one of a handful of large technology companies dedicating over 10% of revenue to research and development.
- Huawei's R&D expenditure totaled CNY40.8 billion (USD6.6 billion) in 2014. Huawei cumulatively spent more than CNY190 billion (USD30.7 billion) in R&D over the last decade (2005~2014).
- 45% of Huawei's employees are dedicated to R&D.
- Huawei is a global leader in international patent filings according to The World Intellectual Property Organization (WIPO).
- Huawei has cooperated with global innovators through its 16 R&D centers and 36 Joint Innovation Centers around the world, including the US, Germany, Sweden, the UK, France, Italy, Russia, India and China.
Fast Company's 2016 Most Innovative Companies List can be found at http://www.fastcompany.com/most-innovative-companies.
Huawei is a leading global information and communications technology (ICT) solutions provider. Our aim is to enrich life and improve efficiency through a better connected world, acting as a responsible corporate citizen, innovative enabler for the information society, and collaborative contributor to the industry. Driven by customer-centric innovation and open partnerships, Huawei has established an end-to-end ICT solutions portfolio that gives customers competitive advantages in telecom and enterprise networks, devices and cloud computing. Huawei's 170,000 employees worldwide are committed to creating maximum value for telecom operators, enterprises and consumers. Our innovative ICT solutions, products and services are used in more than 170 countries and regions, serving over one-third of the world's population. Founded in 1987, Huawei is a private company fully owned by its employees.
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