Timken Recognized by Fortune as one of America's Most Innovative Companies
The Timken Company (NYSE: TKR; www.timken.com), a global leader in engineered bearings and industrial motion products, has been named to Fortune's list of America's Most Innovative Companies for the second straight year.
"For 125 years, Timken has worked side-by-side with customers across diverse industries to engineer solutions for their most challenging problems," said Richard G. Kyle, Timken president and chief executive officer. "Our world-class team designs and develops innovative products that keep our world in motion and enable a wide range of critical applications, from aviation and space exploration to renewable energy and robotics. We are honored to partner with leading global companies, including many on Fortune's list."
Fortune and Statista, a market and consumer data provider, evaluated companies through employee surveys and opinions from experts in various fields. They cited product innovation, process innovation and innovation culture among their criteria for determining the companies honored this year. They also examined the quantity and value of companies' patents.
This is the second time this year Timken has been recognized for its innovation. On March 19, Fast Company named Timken to its World's Most Innovative Companies list. Timken's specialized expertise, 125 years of cross-industry experience and depth of knowledge are unparalleled in the industry. Timken invests a significant amount of time and resources growing its expertise in friction management, materials science and mechanical power transmission. On an ongoing basis, the company explores new opportunities and new technologies, including emerging trends in digital manufacturing, performance modeling, heat treatment technologies and advanced lubrication science.
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