Huawei Ranked 5th Most Innovative Company in the World
03/25/2010

Fast Company, the highly-respected and award-winning US-based monthly magazine, has ranked Huawei the fifth most innovative company in the world for 2010,

Online PR News – 25-March-2010 – – New Delhi, India, 25 March, 2010: Fast Company, the highly-respected and award-winning US-based monthly magazine, has ranked Huawei the fifth most innovative company in the world for 2010, behind only Facebook, Amazon, Apple, and Google. Huawei was the only new-entrant to the list of the top five most innovative companies.

Fast Company credited Huawei’s strong business growth in 2009 to its leadership in customer-centric innovation. In an article in the March 2010 issue, Fast Company said of Huawei: "Huawei Technologies shot past Alcatel-Lucent and Nokia Siemens in 2009 to become the world's No. 2 telecom-equipment provider, powered by quality and product upgrades… in the past year, it has won a slew of lucrative, prestigious contracts… the sum of these deals was good enough to double Huawei’s global market share.”

Commenting on this, Mr. Max Yang, CEO, Huawei India, said: “One of Huawei's key differentiators is our customer-centric innovation strategy that is focused on understanding operator needs and rapidly delivering customized network solutions to create maximum value. It is a long term investment towards continuous innovation designed around close partnerships with operators to overcome challenges and achieve business success."

Huawei has a deep and longstanding commitment to innovation:

• Ranks No. 2 in global patent filings, with 1,847 in 2009, according to the United Nations World Intellectual Property Organization patent list
• In 2009, 46 percent of Huawei’s employees were dedicated to R&D
• As part of a worldwide integrated product development process, Huawei operates 17 global R&D centers and operates over 22 joint innovation centers with its customers
• Huawei has successfully deployed the world’s first LTE (long-term evolution) commercial network for TeliaSonera in Oslo, Norway

Fast Company's Top 50 of The World’s Most Innovative Companies can be found at www.fastcompany.com/mic/2010.

About Huawei
Huawei is a leader in providing next generation telecommunications networks, and now serves 45 of the world’s top 50 operators, along with over one billion users worldwide. The company is committed to providing innovative and customized products, services and solutions to create long-term value and growth potential for its customers.
For more information, please visit www.huawei.com.

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