Mitsubishi Electric Ranked 4th Globally and 1st Among Japanese Companies in International Patent Applications Filed in 2022

Rhea-AI Summary

Mitsubishi Electric Corporation has ranked fourth globally and first among Japanese firms in international patent applications, according to the World Intellectual Property Organization (WIPO) for 2022. This marks the ninth consecutive year in the top five globally and the eighth year at the top among Japanese companies. The company's strategy emphasizes intellectual property as a vital resource, aligning it with business and R&D initiatives. In October 2021, Mitsubishi Electric introduced ‘Open Technology Bank® activities’ to enhance external collaboration for a sustainable future leveraging IP.

Positive

• Ranked fourth globally and first among Japanese companies in international patent applications (2022).
• Consistent top five ranking in international patent applications for nine consecutive years.
• Promotion of external collaboration through 'Open Technology Bank® activities' to drive innovation and sustainability.

Negative

• None.

Leveraging global intellectual-property initiatives for sustainable growth

TOKYO--(BUSINESS WIRE)-- Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it ranked fourth globally and first among Japanese companies in terms of international patent applications filed in 2022 according to the Switzerland-based World Intellectual Property Organization (WIPO).* A high level of both ranking and the number of patent applications reflect Mitsubishi Electric’s strategy to actively promote international patent applicants along with the globalization of its business. In 2022, the company has ranked within the top five global companies in international patent applications by company for nine consecutive years since 2014, and first among all Japanese companies for eight consecutive years.

Mitsubishi Electric, which strategically positions intellectual property (IP) as a crucial business resource for its future growth and development, carefully aligns IP activities with the company’s business and R&D strategies. In October 2021, the company launched “Open Technology Bank^® activities” to promote external collaboration to realize a sustainable future by leveraging IP.

For the full text, please visit: www.MitsubishiElectric.com/news/

* Global forum for intellectual property (IP) services, policy, information and cooperation

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20230305005019/en/

Customer Inquiries

Patent Planning Dept.

Corporate Intellectual Property Division

Mitsubishi Electric Corporation

www.MitsubishiElectric.com/en/contact/

Media Inquiries

Takeyoshi Komatsu

Public Relations Division

Mitsubishi Electric Corporation

Tel: +81-3-3218-2346

prd.gnews@nk.MitsubishiElectric.co.jp

www.MitsubishiElectric.com/news/

Source: Mitsubishi Electric Corporation

FAQ

What is the significance of Mitsubishi Electric's patent ranking in 2022?

Mitsubishi Electric ranked fourth globally and first among Japanese companies for international patent applications, highlighting its commitment to innovation.

How does Mitsubishi Electric leverage intellectual property for growth?

The company aligns its intellectual property activities with business and R&D strategies, viewing IP as a crucial resource for future growth.

What initiative did Mitsubishi Electric launch in October 2021?

In October 2021, Mitsubishi Electric launched 'Open Technology Bank® activities' to foster external collaboration for sustainable development.