Whirlpool Corporation Named to Ocean Tomo 300 Patent Index(TM)
January 07 2010 - 9:00AM
PR Newswire (US)
Company's Proven Innovation Strategy Generates Marketable
Intellectual Property BENTON HARBOR, Mich., Jan. 7
/PRNewswire-FirstCall/ -- Whirlpool Corporation (NYSE:WHR) today
announced it was named to the 2009/2010 Ocean Tomo 300 Patent
Index(TM), the first equity index based on the value of corporate
intellectual property, for the fourth consecutive year. The Index
is priced and published by the NYSE Euronext. (Logo:
http://www.newscom.com/cgi-bin/prnh/20040202/DETU004LOGO) "We are
pleased Whirlpool has once again been named to this Index, which
assigns real value to intellectual capital and innovation," said
Jeff M. Fettig, Whirlpool Corporation's chairman and CEO. "At
Whirlpool, we have a long-term strategic commitment to developing
innovative products that consumers value and are aligned to our
outstanding brands. Whirlpool Corporation's efforts to produce
marketable intellectual property provide consumer benefits and help
ensure that we continue to deliver positive results for our
shareholders." The Ocean Tomo 300 Patent Index(TM) is the first
major broad-based market equity to be launched in 35 years, and
follows the progression from the Dow Jones Industrial Average in
1896, to Standard & Poor's 500 in 1957 and then to the NASDAQ
Composite Index in 1971. The Index represents 300 companies that
own the most valuable patents relative to their book value and will
focus investors on intellectual property as a distinct asset class.
About Whirlpool Corporation Whirlpool Corporation is the world's
leading manufacturer and marketer of major home appliances, with
annual sales of more than $19 billion in 2008, more than 70,000
employees, and 67 manufacturing and technology research centers
around the world. The company markets Whirlpool, Maytag,
KitchenAid, Jenn-Air, Amana, Brastemp, Bauknecht and other major
brand names to consumers in nearly every country around the world.
Additional information about the company can be found at
http://www.whirlpoolcorp.com/. This document contains
forward-looking statements about Whirlpool Corporation and its
consolidated subsidiaries ("Whirlpool") that speak only as of this
date. Whirlpool disclaims any obligation to update these
statements. Forward-looking statements in this document may
include, but are not limited to, statements regarding expected
earnings per share, cash flow, productivity and material and
oil-related prices. Many risks, contingencies and uncertainties
could cause actual results to differ materially from Whirlpool's
forward-looking statements. Among these factors are: (1) changes in
economic conditions which affect demand for our products, including
the strength of the building industry and the level of interest
rates; (2) the effects of the global economic crisis on our
customers, suppliers and the availability of credit; (3)
Whirlpool's ability to continue its relationship with significant
trade customers, including Sears Holding Corporation in North
America (accounting for approximately 11% of Whirlpool's 2008
consolidated net sales of $18.9 billion) and the ability of these
trade customers to maintain or increase market share; (4) intense
competition in the home appliance industry reflecting the impact of
both new and established global competitors, including Asian and
European manufacturers; (5) the ability of Whirlpool to manage
foreign currency fluctuations; (6) litigation including product
liability and product defect claims; (7) the ability of Whirlpool
to achieve its business plans, productivity improvements, cost
control, leveraging of its global operating platform, and
acceleration of the rate of innovation; (8) fluctuations in the
cost of key materials (including steel, oil, plastic, resins,
copper and aluminum) and components and the ability of Whirlpool to
offset cost increases; (9) the ability of suppliers of critical
parts, components and manufacturing equipment to deliver sufficient
quantities to Whirlpool in a timely and cost-effective manner; (10)
health care cost trends and regulatory changes that could increase
future funding obligations for pension and other postretirement
benefit plans; (11) Whirlpool's ability to obtain and protect
intellectual property rights; (12) global, political and/or
economic uncertainty and disruptions, especially in Whirlpool's
significant geographic regions, including uncertainty and
disruptions arising from natural disasters or terrorist attacks;
(13) the effects of governmental investigations or related actions
by third parties; (14) the impact of labor relations; (15) our
ability to attract, develop and retain executives and other
qualified employees; (16) the cost of compliance with environmental
and health and safety regulations. Additional information
concerning these and other factors can be found in Whirlpool
Corporation's filings with the Securities and Exchange Commission,
including the most recent annual report on Form 10-K, quarterly
reports on Form 10-Q, and current reports on Form 8-K.
http://www.newscom.com/cgi-bin/prnh/20040202/DETU004LOGODATASOURCE:
Whirlpool Corporation CONTACT: Media: +1-269-923-7405, , or
Investors: Greg Fritz, +1-269-923-2641, Web Site:
http://www.whirlpoolcorp.com/
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