Date: 2013-07-31

Baosteel Co., Ltd. Rated National Patent System Advanced Unit for the 4th Time

Recently, Baosteel Co., Ltd. is once again awarded the title of "National Patent System Advanced Unit" by State Intellectual Property Office. This is the 4th time that Baosteel Co,Ltd. is awarded this title since State Intellectual Property Office carries out the selection.

In recent years, Baosteel Co., Ltd. increases efforts in promoting knowledge management, optimizes patent management system and establishes effective operational mechanism. Through the promotion of technological innovation management, it gradually works out a enterprise intellectual property management mode blending finance, technology, law and economics. Meanwhile, Baosteel Co., Ltd. actively implements intellectual property strategy and makes efforts in promoting the use of intellectual property rights; It strengthens full staff education, improves staff patent awareness, implements incentives to stimulate staff invention enthusiasm. More than 80% of Baosteel Co., Ltd. patents have been applied in the production. In 2011, intellectual property rights has produced 686 million yuan of direct economic benefits. In addition, Baosteel Co., Ltd. makes full use of the patent strategy to prevent and resolve intellectual property risk and effectively supports the company's production and management.

By the end of 2011, Baosteel Co., Ltd. has applied for 7579 patents, among which 3054 invention patents and 5125 grant patents. It has declared 46 PCT international applications and 19 are authorized.

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