STAMFORD, Conn., June 14, 2010 - Pitney Bowes Inc. (NYSE: PBI) announced that a team of employees was recently honored with the Company’s 2009 Invention of the Year Award. Bruce J. Barrows and Surya R. Sagi were recognized for their work on United States Patent Number 7,567,941, entitled Document Lifecycle Tracking System and Method For Use With A Document Production Process.
“Our customers depend on innovation to meet the fast-paced requirements of a competitive marketplace,” noted Pitney Bowes Chairman, President and CEO Murray D. Martin. “Throughout our 90-year history, Pitney Bowes has transformed the industry many times over with innovative new products and services. This invention of the year helps our customers operate more efficiently and strengthen their relationships with their own customers by ensuring the integrity and timeliness of their communications.”
Pitney Bowes’ annual Invention of the Year Award recognizes the achievements of its technology community and the importance of innovation to the Company’s success. Each year, a panel of judges reviews those nominations from the patents issued to Pitney Bowes inventors during the previous year and selects the winner from these patents. This year’s winning invention is a significant part of Pitney Bowes DFWorks® Mail Management System which allows users to monitor the integrity of mission critical communications.
Tom Foth, senior fellow, was also recognized as a prolific inventor upon receiving his thirtieth career patent, joining the Pitney Bowes Patent Hall of Fame.
Pitney Bowes’ intellectual property portfolio includes numerous patents worldwide in areas such as customer communication management, location intelligence, secure transactions and mail production.
About Pitney Bowes
Celebrating its 90th year of innovation, Pitney Bowes provides software, hardware and services, that integrate physical and digital communications channels. Long known for making its customers more productive, Pitney Bowes is increasingly helping other companies grow their business. Pitney Bowes is a $5.6 billion company and employs 33,000 worldwide. Pitney Bowes: Every connection is a new opportunity™. www.pb.com