Posts Tagged: "construction equipment"

With the nearly $1 billion drop in Caterpillar’s 2015 revenue forecast, the corporation has recently announced a corporate restructuring in its dealer and customer support divisions, including new divisions in global aftermarket solutions, marketing and digital as well as wear components & aftermarket distribution. Despite the issues, the corporation still has a heavy research and development presence. It earned 488 patents from the U.S. Patent and Trademark Office in 2014, placing it 88th overall among all companies petitioning the USPTO for patents that year; this figure was an incredible 47 percent higher than Caterpillar’s 2013 U.S. patent levels. Caterpillar’s 2014 patent earnings were much greater than heavy industry rivals Deere & Company (NYSE:DE) and Komatsu Ltd (TYO:6301), organizations which earned 214 and 132 U.S. patents in 2014 respectively. In the three months leading up to this writing, Caterpillar earned 170 U.S. patents, a quarterly pace that would see them increase the amount of patents earned in 2015 if maintained.

Corporate investment into research and development at John Deere has also fallen slightly but the company did manage to maintain a $341.1 million R&D investment during the most recent fiscal quarter. Since the beginning of 2015, Deere & Company has received a total of 92 patents from the U.S. Patent and Trademark Office. According to Innography’s text cluster (see left), much of Deere’s innovation is focused on work vehicles, tractors and harvesters. We were intrigued to note, however, that a sizable chunk of Deere’s recent inventions relate to a display screen with icon, indicating a healthy amount of software development at the company.

A type of harvester that utilizes a hybrid electric drive system is featured within U.S. Patent No. 8897943, which is titled Battery Electric Hybrid Drive for a Combine Harvester. This patent protects a hybrid drive system. The invention provides a harvester that meets emission guidelines regulated by the U.S. Environmental Protection Agency while supporting operation of the harvester’s internal combustion engine.