Michelin Recognized As One Of The World's Top Innovators By Thomson Reuters

May 03, 2013, 13:14 ET from Michelin

GREENVILLE, S.C., May 3, 2013 /PRNewswire/ -- At an event this week, Michelin received an award for being named to the 2012 Top Global Innovators list by Thomson Reuters that recognizes the company's achievements as one of the world's leading innovators.

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This highly coveted list, which comes out annually from Thomson Reuters, recognizes the top 100 companies and institutions in the world that are "at the heart of innovation."

"Ever since Michelin was first established, the dynamics of innovation and the search for new technologies for the customer's benefit have been at the core of Michelin's strategy," said Terry Gettys, Michelin Group's director of research and development.  "This commitment to innovation has continued to differentiate Michelin from the competition, leading to such technological leaps forward as the invention of the radial tire and the first fuel-efficient 'ENERGY' tires to name a few.

"Today, innovation continues to drive the more than 6,000 people working in the research and development domain and nearly 350 other professions who embody Michelin's $800 million-a-year research and development process."

The Thomson Reuters award is significant for Michelin as it focuses attention exclusively on companies that generate a "sizable amount of innovation."  For example, only businesses that have accumulated 100 or more patents in the past three years are qualified for consideration.

"Innovation is the foundation for economic prosperity and technological advancement," said David Brown, managing director, Thomson Reuters IP Solutions.  "We congratulate the Thomson Reuters 2012 Top 100 Global Innovator companies and their leaders for recognizing the important role innovation plays in the successes of today and tomorrow."

Thomson Reuters is one of the leading providers of intelligent information for businesses and professions around the globe.

Dedicated to the improvement of sustainable mobility, Michelin designs, manufactures and sells tires for every type of vehicle, including airplanes, automobiles, bicycles, earthmovers, farm equipment, heavy-duty trucks and motorcycles. The company also publishes travel guides, hotel and restaurant guides, maps and road atlases. Headquartered in Greenville, S.C., Michelin North America  employs more than 22,000 people and operates 18 major manufacturing plants in 16 locations.

For more information, visit www.MichelinMedia.com

SOURCE Michelin