Prysmian focuses on innovation and research with a portfolio of over
4,000 patents
Signing of the agreement for the Patent Box regime to optimise the
benefits of thepatent portfolio, an important asset for the Group Milan, 6
March 2017 –
Prysmian Group, world leader in the energy and telecom cable systems
industry, confirms its focus on technological innovation. As of December 2016,
the Group’s portfolio accounted for 4,651 granted patents and pending patent
applications worldwide, covering 749 inventions. In 2016, 31 new patent
applications were filed and 183 patents were reviewed and granted in various
countries.
Protecting its portfolio of patents and trademarks is of fundamental
importance to the Group’s business, also in view of its growth strategy on
market segments at the high-tech end. The most significant products — typically
those with specific features or a specific production process — are protected
by trademarks that identify them and ensure their uniqueness.
The Group currently owns 570 trademarks, corresponding to 2,597
registrations in the various countries in which it operates, covering the names
and symbols that identify its companies, operations, products and product
lines. As further evidence of the important role that research and innovation
play for the Group, in December 2016 Prysmian was among the first companies in
Italy to enter into the agreement with the Advance Agreements and International
Disputes Office of the Italian Revenue Agency governing the methods and criteria
for calculating income earned from “indirect” use of intangible assets —
eligible for reduced IRES (corporate income tax) and IRAP (regional production
tax) — for the purposes of the Patent Box.The Patent Box is a regime offering
lower rates to companies that earn income through the direct use or licensing
to third parties of their intellectual property rights. In Prysmian’s case, the
agreement extends to the portfolio of patents granted or in the process of
being granted, company information subject to legal protection, and technical
and operating know-how regarded as ancillary and complementary to patents.
Prysmian Group
Prysmian Group is world leader in the energy and telecom cable systems
industry. With almost 140 years of experience, sales exceeding €7.5 billion in
2016, 21,000 employees across 50 countries and 82 plants, the Group is strongly
positioned in high-tech markets and offers the widest possible range of
products, services, technologies and know-how. It operates in the businesses of
underground and submarine cables and systems for power transmission and
distribution, of special cables for applications in many different industries
and of medium and low voltage cables for the construction and infrastructure
sectors.For the telecommunications industry, the Group manufactures cables and
accessories for voice, video and data transmission, offering a comprehensive
range of optical fibres, optical and copper cables and connectivity
systems.Prysmian is a public company, listed on the Italian Stock Exchange in
the FTSE MIB index.
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