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|Brunswick Corporation : Brunswick Reports High Number of Patents Granted in 2016|
Mercury Marine has record year
LAKE FOREST, Ill. Feb. 13, 2017 - Improved methods for handling exhaust from marine engines ... innovative hull designs to increase boat stability ... walking treadmill desk configurations to encourage active workplace meetings -- Brunswick Corporation (NYSE: BC), a worldwide leader in the marine and fitness equipment industries, today announced that it had 73 patents granted to the Company during 2016, more than twice its total for 2015, and among the highest amount achieved in Brunswick's nearly 175 years in business.
"2016 was another prolific year for the Company in all of our segments - marine engine, pleasure boats and fitness," Brunswick's Vice President and Chief Technology Officer David Foulkes said. In 2015, Brunswick was awarded 34 patents, earning the Company a spot among the top 25 Illinois companies receiving patents during that year, according to Crain's Chicago Business.
For 2016, the Company and its divisions earned 73 patents, 60 of which were awarded to Brunswick's Mercury Marine division, which was a record for the engine manufacturer based in Fond du Lac, Wis.
"Consistent with our dedication to product leadership, we have sustained the pace of innovation both in product features and capabilities as well as operational process improvements," Foulkes explained. "Indeed, the awarding of these patents was the culmination of a lot of good work across the Company during the past several years. These efforts have reinforced our leadership position in our marine and fitness businesses."
In 2016, Brunswick spent approximately $139 million on research and development across the global Company, about three percent of its annual net sales and consistent with investment levels of recent years.
In 2016, Brunswick's research was highly concentrated into the following categories:
"This sustained focus has led to a number of product features and capabilities that have resonated with consumers as well as advanced many aspects of our industries," Foulkes concluded. "Though our thrust continues to be in support of new products and enhancements of existing products, we continue to expand our efforts in the fields of collaborative research and the strengthening and deepening of our pool of talent. Indeed, we believe that a robust R&D effort provides a platform to support creativity and innovation throughout the organization."