Piscataway, N.J., April 12, 2005 rtune's 2005 list of America's Most Admired Companies named Siemens the fourth most admired company in the electronics industry. From technologies in hearing solutions and healthcare, energy and transportation, to information and communication, Siemens innovations contribute to the well being of people across the globe. With 70,000 U.S. employees, Siemens continues to invest in and make strong contributions to the United States.
Fortune also ranked Siemens among the Top 50 Global Most Admired Companies. The company dedicates $800 million and more than 6,800 employees to Research & Development (R&D) in the United States annually. Globally, Siemens dedicates more than $6 billion and more than 45,000 people to R&D, eclipsing many of its competitors' investments and making Siemens the world's sixth highest contributor to R&D.
Siemens currently holds 9,500 U.S. patents and 45,000 globally. It is Europe's second largest patent applicant, Germany's largest, and among the United States' top ten patent holders. Siemens produces 37 new inventions each business day and notes that three quarters of its revenues are derived from products and services that are less than five years old.
"A high ranking for the second consecutive year is a testament to our commitment in the U.S. market," said George Nolen, president and CEO of Siemens Corporation. "Siemens 70,000 U.S. employees helped the company achieve greater efficiencies in our operations while also continuing our leadership position as a technology innovator. These efforts continue to pave a course for future growth and development."
Every Siemens division remains committed to enhancing people's lives for the better. Its impressive dedication to R&D allows its talented employees to continue breaking new ground and improving already successful products and services. Innovative discoveries and designs by Siemens, which recently entered the consumer market include the SOMATOM Sensation 64 CT scanner, the world's first and fastest 64-slice CT system providing unprecedented image quality and a more comfortable experience for the patient; the XLSV fire protection and evacuation system, a state-of-the-art fire-protection, voice evacuation and security system using advanced digital technology so sensitive it can distinguish between threatening and non-threatening elements; and ACURIS™ with e2e wireless™ hearing instruments, the world's first hearing system where the instruments actually communicate with each other creating a level of sophistication not possible before.
"Improving and discovering new technology is the foundation of our commitment to advancing the quality of life for the hearing impaired. I'm proud to be part of a company where research and development remain at the forefront of our efforts, allowing us to create the most advanced solutions," said William J. Lankenau, president and CEO of Siemens Hearing Instruments.
The Fortune list measures companies on the following criteria: innovation, employee talent, use of corporate assets, social responsibility, quality of management, financial soundness, long-term investment value, and quality of products/services.
About Siemens Corporate Research
Siemens Corporate Research (SCR) brings together 220 of the world's most innovative minds to research and develop America's next-generation products and solutions. SCR advances technology to the next level and invents revolutionary products and solutions that renovate America's infrastructure. From healthcare and communications to safety and security, SCR develops the technologies that don't just improve lives, but sometimes save them.
About Siemens
Siemens AG (NYSE:SI) is one of the largest global electronics and engineering companies with reported worldwide sales of $91.5 billion in fiscal 2004. Founded more than 150 years ago, the company is a leader in the areas of Medical, Power, Automation and Control, Transportation, Information and Communications, Lighting, Building Technologies, Water Technologies and Services and Home Appliances. With its U.S. corporate headquarters in New York City, Siemens in the USA has sales of $16.6 billion and employs 70,000 people throughout all 50 states and Puerto Rico. Eleven of Siemens' worldwide businesses are based in the United States. With its global headquarters in Munich, Siemens AG and its subsidiaries employ 430,000 people in 192 countries. For more information on Siemens in the United States: www.usa.siemens.com.
