Tejas Networks Wins Indian National Intellectual Property (IP) Award for 2017
Bangalore, 27th April 2017Tejas Networks Limited announced today that it has won the National Intellectual Property (IP) Award for the year 2017 in the category “Top Indian Private Company (MSME) for Patents and Commercialization”. This prestigious award was presented by Hon’ble Smt. Nirmala Sitharaman, Minister of Commerce and Industry, Government of India at a function organized in New Delhi on the occasion of World IP Day.
The National IP awards are conferred every year by the Indian Intellectual Property Office to outstanding innovators, organisations and companies in the fields of patents, designs, trademarks and geographical indications. The awardees are selected by an eminent jury comprising R&D & IP professionals, industry associations, academia, and government representatives. The growth in IPR portfolio over preceding years, utilization of IPRs as a strategic tool in commerce & industry, along with their contribution to the society at large are taken into consideration while selecting the winners.
“We are honoured to be recognized as top Indian private company for patents and commercialization by the Government of India,” said Sanjay Nayak, CEO and MD of Tejas Networks. “Over the years, we have consistently invested in R&D and innovation and built up a rich portfolio of technology patents and intellectual properties, which are a part of our future-ready products. This prestigious award underscores our commitment to be an innovation leader and provide world-class products to our customers in the telecommunications sector,” he added.
Dr. Kumar N. Sivarajan, CTO of Tejas Networks said, “Our intellectual property development strategy is to identify in-house inventions in optical and wireless technology areas that are appropriate for patent protection, and file patent applications both in India and internationally for inventions that we consider significant. We regard technology innovation and IPR as significant elements that give a competitive edge to our business.”
Tejas Networks has filed 326 patent applications in India, United States and Europe in the area of optical and wireless communications. In addition, Tejas has also filed 35 patent applications under the Patent Cooperation Treaty.
ABOUT TEJAS NETWORKS
Tejas Networks designs, develops and sells high-performance and cost-competitive networking products to telecommunications service providers, internet service providers, utilities, defense and government entities in over 75 countries. Tejas products utilize programmable, software-defined hardware architecture with a common software code-base that delivers seamless upgrades of new features and technology standards. Tejas Networks is ranked among top-10 suppliers in the global optical aggregation segment and has filed over 349 patents.
For more information, visit Tejas Networks at http://www.tejasnetworks.com or
Contact
Investor Relations: ir@india.tejasnetworks.com
Attn: Mr. Santosh Kesavan: skeshavan@india.tejasnetworks.com
Phone: +91 80 41794600
SAFE HARBOUR
Certain Statements in this release concerning our future growth prospects are forward-looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in Such forward-looking statements due to risks or uncertainties associated with our expectations with respect to, but not limited to, our ability to successfully implement our strategy and our growth and expansion plans, technological changes, our exposure to market risks, general economic and political conditions in India which have an impact on our business activities or investments, changes in the laws and regulations that apply to the industry in which the Company operates. The Company does not undertake to update any forward looking statements that may be made from time to time by or on behalf of the Company.