Platform facilitates sharing of technology and patents
A new platform is being launched by SKF in an effort to broaden access to technology by making selected patents freely available.
SKF asserts that The Patent Bay technology-sharing platform also has the potential to advance sustainability by reducing the impact on the environment.
“Innovation is essential for a sustainable future, and history shows that real breakthroughs happen when we share. The Patent Bay is our way of unlocking that potential—creating ripple effects across industries and society,” says SKF CEO Rickard Gustafson.
The company says that the launch comes at a time when global patent filings are at an all-time high, noting that, according to the World Intellectual Property Organisation, 3.55-million patent applications were filed globally in 2023—more than double the number in 1995. SKF further states that, while this reflects a strong innovation climate, it also highlights the growing challenge of access and collaboration.
The first patent released on the platform is a high-performance bearing alloy developed for the aviation industry.
“This new bearing material can handle higher loads in a more compact form, enabling high performance bearing solutions for new architectures of engines designed to reduce emissions by up to 25%. The same technology opens door to further innovation, where efficiency and sustainability are key,” says SKF technology innovation manager Arnaud Ruellan.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
Design, Construction and Maintenance of Site Erected, Welded Bulk Storage Tanks for the Petrochemical, LNG, Ammonia and Sustainable fuel Sectors.
VISIT SHOWROOM
For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
