Munich, Germany – A dozen Siemens researchers and developers were honoured by Siemens as Inventors of the Year 2014 in Munich on December 3, 2014. They come from Germany, the US, Denmark and China and together they account for more than 900 inventions and 842 granted individual patents.
In fiscal 2014, Siemens filed 4,300 patent applications – a year-over-year increase of 9%. In addition, the company intends to boost investments in research and development (R&D) by around €400 million. In fiscal 2014, R&D expenditures totalled roughly €4 billion.
Siemens has been presenting the Inventors of the Year award annually since 1995 to honour the organization’s outstanding researchers and developers, whose inventions make major contributions to the company’s success.
“Innovation is a cornerstone of our Siemens Vision 2020,” said Joe Kaeser, president and CEO of Siemens AG. “Valuable creative ideas are the basis for our innovations. With their ingenuity and their drive to create new technology solutions, these 12 inventors and their 30,000 colleagues worldwide have played a key role in safeguarding our company’s technological future and market success.”
The inventions range from wireless sensors that monitor rail-car position on the track, to a new cooling system that allows uprating of wind turbines to generate more electricity, to a gas turbine whose components have been recombined, thus making turbine production considerably more economical than in the past.