HP No. 4 on List of Top U.S. Patent Winners in 2004
PALO ALTO, Calif., Jan. 11, 2005
HP moved up to No. 4 on the U.S. Patent and Trademark Office's list of the top 10 organizations receiving the most U.S. patents in 2004.
The company was awarded 1,775 patents for the year, up from 1,759 in 2003.
"This achievement validates the strategy established five years ago when we put the word 'Invent' in the company logo and increased our efforts to build a patent portfolio to help ensure our technology leadership," said Steve Fox, vice president and deputy general counsel, intellectual property, HP. "In 2000, we were No. 16 in the rankings. We've made steady progress over the years to get to where we are today."
Worldwide, HP added approximately 4,000 patents to its portfolio in 2004, an average of 11 per day. Its total patent portfolio now stands at about 25,000, one of the largest in the world.
HP's patent portfolio is also unique in the information technology industry in the range of technologies it covers - from computer systems and software, to PCs, imaging and printing and business processes. With its new efforts in consumer electronics, many new patents are expected in that area as well.
HP also continued to leverage its intellectual property (IP) assets through its IP licensing organization, announced last year.
"In the past two years, we tripled licensing revenues because we created an organization that is focused on obtaining value beyond traditional product revenue," said Joe Beyers, vice president, IP licensing, HP. "In addition to the protection that patents provide, they can also become an important conduit for direct revenue through licensing fees."
HP is a technology solutions provider to consumers, businesses and institutions globally. The company's offerings span IT infrastructure, global services, business and home computing, and imaging and printing. For the four fiscal quarters ended Oct. 31, 2004, HP revenue totaled $79.9 billion. More information about HP (NYSE, Nasdaq: HPQ) is available at http://www.hp.com.