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LOS ANGELES, October 3, 2005 —The Patent Scorecard 2006 issued by the Intellectual Property, Intelligence Quotient (ipIQ) has identified HRL Laboratories, LLC as "A Company of Excellence" in its Industrial Equipment & Materials grouping of industries. As described in the Patent Scorecard, "The research and development derived from [HRL] may well drive this industry to new levels of innovation."
The Patent Scorecard is an industry-by-industry ranking of companies based on innovation metrics. It analyzes several decades of patent data collected on over 50,000 companies across 14 industries. Among the metrics are Science Linkage, which measures cutting edge technology, and Current-Impact Index, which reflects how often a company's patents are used as the basis for other innovation. In both these metrics, HRL was well above the industry average. In addition, HRL's Technology Cycle Time metric, which measures the speed in turning research into Intellectual Property, was clearly competitive. As a consequence of these metrics HRL's ranking on the Patent Scorecard moved to 17th in Industrial Equipment & Materials industry group for 2005, up from 39th in 2004. Among other companies within this group are General Electric, Mitsubishi Electric and Honeywell.
The ipIQ is a Chicago-based entity that focuses on advancing patent-based intellectual property as a measurable financial asset, integrating intellectual property into corporate decision-making, including evaluating mergers and acquisition and identifying areas for capital investment.
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HRL Laboratories, LLC, Malibu, California, is a corporate R&D laboratory owned by Boeing, General Motors, and Raytheon. HRL provides custom R&D and performs additional R&D contract services for its three LLC Members, for the U.S. government, and for other commercial entities.
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