The move reflects the increasingly strategic role of intellectual property as the company seeks to support customers on their digital transformation journeys. As industries of all sectors experience an unprecedented convergence of technologies, Yokogawa's participation in LOT Network reaffirms the company's commitment to innovate together with its customers and to align with the global community of technology companies through the promotion and protection of open innovation.
To foster open innovation, for example, Yokogawa has been Prezentare Prezentare generala Seniori Swiss Swiss Seniori Swiss Swiss and implementing collaborative approaches. These are frameworks for establishing effective industry-academia-government collaboration inbound activities and utilizing in-house intellectual property outbound activities.
Tsuyoshi Abe, a Yokogawa senior vice president, and head of the Marketing Headquarters, commented, "At Yokogawa, as part of our business transformation, we are advancing more into the Industrial Internet of Things space; consequently the use of information technology is increasing significantly. With our membership in LOT Network, we will be able to continue to thrive with our co-innovation DNA while protecting the appropriate uses of patents.
By joining LOT Network, members agree that if any member's patent assets fall into the hands of a PAE, the company provides a license to all other network members. LOT Network currently protects more than 1, members in 36 countries from litigation from over 2.
About Yokogawa Founded inYokogawa engages in broad-ranging activities in the areas of measurement, control, and information.
The industrial automation business provides vital products, services, and solutions to a diverse range of process industries including oil, chemicals, natural gas, power, iron and steel, and pulp and paper.
With the life innovation business, the company aims to radically improve productivity across the pharmaceutical and food industry value chains. For more information, please visit www. The names of corporations, organizations, products, services and logos herein are either registered trademarks or trademarks of Yokogawa Electric Corporation or their respective holders.