Xerox Corporation has announced that the company and its inventors earned 609 US utility patents, exceeding the annual target by one-third. 

Xerox chief technology officer and president of the Xerox Innovation Group, Sophie Vandebroek said commitment to research and development is one way to help survive tough economic times. 

“You cannot sacrifice tomorrow to save today. Our investment in innovation guarantees Xerox leadership in our core business and creates opportunity to grow in new markets,” said Vandebroek. “It’s also a source of pride for us. More than 2,300 employees, past and present, have been granted five or more patents – an extraordinary accomplishment.”

The $17 billion company currently holds more than 8,900 active patents in the US, and it has received more than 55,000 worldwide patents since it was founded. – TradeArabia News Service