Honeywell was named one of the “Top 10 Most Inventive Companies” in the U.S. by Forbes magazine.
According to the article, “The U.S. companies that won the most patents last year also had high earnings and returns on capital, meaning they are good at wringing profits out of the money they invest.”
Honeywell holds more than 29,000 patents or pending patents worldwide and was ranked #8 among U.S. companies and #21 worldwide by the Intellectual Property Owners Association in the number of U.S. patents granted in 2008.
The ranking was compiled using data from U.S. Patent and Trademark Office filings by IFI Patent Intelligence, a unit of Dutch media company Wolters Kluwer.