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Pentair Designated One of Forbes' 2013 World's Most Innovative Companies
08.15.2013

 

SCHAFFHAUSEN, Switzerland - August 15, 2013 - Pentair Ltd. (NYSE: PNR) has been named to Forbes' 2013 top 100 list of "The World's Most Innovative Companies." This is Pentair's first appearance on the list, ranking 96th based on the publication's evaluation of global companies.

"Pentair's innovation efforts are led by our desire to help improve the quality of life of people around the world by providing industry-leading solutions in food, water and energy," said Phil Rolchigo, Ph.D., vice president, technology at Pentair. "This recognition reflects the outcome of rigorous Pentair processes that drive innovation in technology, market approach, talent development and manufacturing."

Pentair's innovation is driven through the collaboration of more than 1,300 engineers. Their deep expertise is focused in the areas of filtration and membrane separation sciences, polymer science, electronic controls, mechanical, thermal and hydraulic design as well in advanced engineering analytics. Pentair's engineers are deployed around the world, with more than 25 percent dedicated to fast-growth regions including India, China, Brazil and the Middle East. Additionally, the company holds more than 800 U.S. patents, with more than 60 new patents filed annually over the last three years.

Forbes magazine first published its list of "The World's Most Innovative Companies" in 2011. In order to be considered, members of the list must have $10 billion in market capitalization, spend at least 2.5 percent of revenue on R&D and have seven years of public data. The list is compiled using the "innovation premium," a measure of how much investors have bid up the stock price of a company above the value of its existing business based on expectations of future innovative results such as new products, services and markets.

The complete list of the 2013 "World's Most Innovative Companies" can be found in the Sept. 2 issue of Forbes and online at http://www.forbes.com/innovative-companies/.

For additional information about Pentair, visit the company's website at pentair.com.

About Pentair Ltd.
Pentair Ltd. (www.pentair.com) delivers industry-leading products, services and solutions for its customers' diverse needs in water and other fluids, thermal management and equipment protection. With pro forma revenues of approximately $8 billion, Pentair employs more than 30,000 people worldwide.
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Contact:
Rebecca Osborn
Senior Manager, External Communications
Tel: 763-656-5589
Email: rebecca.osborn@pentair.com


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