Huawei Ranked 5th Most Innovative Company in the World Tweet

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 honor, Kevin Zhang, Vice President of Global Marketing, Huawei, 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.

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