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European Patent Office reports Innovation remains robust amid global economic uncertainties: Patent Index 2024

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NEW YORK, April 6, 2025 /PRNewswire/ — Companies and inventors from around the world filed 199,264 patent applications at the European Patent Office (EPO) last year, according to the Patent Index 2024 published today. The high level of patenting activity was on a par with the previous year (2023: 199 452, -0.1%), following three years of significant growth. Patent applications from Europe, including all 39 EPO member states, rose by 0.3%, while those from outside Europe fell slightly (-0.4%).

“Despite political and economic uncertainties, European companies and inventors filed more patents last year, underlining their technological prowess and their continued investment in R&D,” said EPO President António Campinos. “The EPO’s patent data is a clear roadmap for industry, policy, and investment priorities. As the Draghi and Letta reports warn, to stay competitive globally, Europe must enhance its innovation ecosystem and do more to help inventors scale up and commercialise their inventions, especially in critical areas such as green technologies, AI and semiconductors.”

Computer technology takes the lead

Computer technology, which includes areas of AI such as machine learning and pattern recognition, led for the first time, with 16,815 patent applications in 2024. Electrical machinery, apparatus, energy posted the strongest growth last year (+8.9% on 2023), driven by advances in clean energy technologies, particularly battery innovation (+24.0%).

Global  trends

The United States maintained its position as the top country of origin for European patent applications, followed by Germany, Japan, China, and the Republic of Korea. EPO member states accounted for 43% of filings, while 57% came from outside Europe (see graph Origin of applications). Notably, R. Korea saw the strongest growth (+4.2%), China saw a 0.5% increase, while companies and inventors from the US (-0.8%) and Japan (-2.4%) filed fewer applications.

Diverse sources of innovation: Large companies are major contributors

Samsung was the new top applicant at the EPO in 2024 (having last topped the ranking in 2020), Huawei dropped to second, followed by LG, Qualcomm and RTX. The top 10 includes four companies from Europe, two from R. Korea, two from the US, and one from each of China and Japan.

Small companies use patent system to drive innovation

In 2024, 22% of patent applications to the EPO from Europe came from individual inventors or SMEs (companies with fewer than 250 employees), with another 7% from universities and public research organisations (see graph Breakdown of applicants by category). This highlights the patent system’s appeal to smaller entities, further strengthened by the EPO’s April 2024 fee reductions for micro-enterprises, individuals, non-profits, universities, and research institutions. 

One in four patent applications includes a woman inventor

In 2024, 25% of all patent applications to the EPO coming from Europe named at least one woman as an inventor. Among major filing countries (over 2,000 applications), Spain led with 42%, followed by Belgium (32%) and France (31%).

View original content:https://www.prnewswire.com/news-releases/european-patent-office-reports-innovation-remains-robust-amid-global-economic-uncertainties-patent-index-2024-302421070.html

SOURCE European Patent Office (EPO)

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PrimeRevenue Hires Andrew Hamilton as CTO

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April 17, 2025

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Hamilton Brings Over Two Decades of Experience to Role, Where He’ll Spearhead Innovation and Advanced AI Strategies Across Working Capital and B2B Payment Solutions

ATLANTA, April 17, 2025 /PRNewswire-PRWeb/ — PrimeRevenue—the global leader in working capital and B2B payment solutions—today announced the appointment of Andrew Hamilton as Chief Technology Officer (CTO). As CTO, Hamilton will be responsible for spearheading transformative initiatives across PrimeRevenue’s technology framework and optimizing current and future platform solutions. He brings over two decades of executive experience in software development, systems integration and enterprise technology leadership into this role.

“As we shape the next chapter of PrimeRevenue’s journey, Andrew’s stewardship, experience and counsel will be crucial. His role isn’t just about leading technology—it’s about driving transformation,” said PJ Bain, CEO of PrimeRevenue.

“As we shape the next chapter of PrimeRevenue’s journey, Andrew’s stewardship, experience and counsel will be crucial. His role isn’t just about leading technology—it’s about driving transformation,” said PJ Bain, CEO of PrimeRevenue. “Bold and forward-thinking, Andrew is ready to tackle complex challenges with clarity and purpose. And most importantly, he will serve our clients exceptionally well.”

Over the course of his career, Hamilton has led highly impactful software initiatives and guided global engineering teams through complex, strategically significant projects, at great scale. He most recently served as SVP of Engineering at CoStar Group, and previously held CTO roles at Steady, ParkMobile and Cardlytics. Hamilton studied Computer Science at the University of Southampton and serves on the board of the Technology Association of Georgia.

At PrimeRevenue, Hamilton will oversee advanced AI integration across PrimeRevenue’s offerings as well as ensure that PrimeRevenue is building solutions that keep the company ahead in a rapidly changing market. He will also play a critical role in aligning technology with business goals amid ongoing global expansion and innovation.

“In 2025, there’s no role I can think of that’s more exciting than the opportunity to drive transformation at the intersection of innovation, payments and AI,” said Hamilton. “PrimeRevenue is an industry pioneer and changemaker—whose mandate is serving, empowering and delivering impact for its clients. It is an honor to work alongside the PrimeRevenue team, and to play my part in contributing to the company’s next era of growth.”

About PrimeRevenue

As a pioneer in global B2B payments, the PrimeRevenue platform connects the entire supply chain by improving working capital and automating digital payments. Thousands of companies around the world leverage PrimeRevenue’s streamlined platform to increase payment visibility, enhance control, and improve cash flow. PrimeRevenue is headquartered in Atlanta, with offices in London, Prague, Hong Kong, and Melbourne. Learn more at www.primerevenue.com and connect with us on Twitter @primerevenue and LinkedIn https://www.linkedin.com/company/primerevenue/.

Media Contact

Melissa Banks, PrimeRevenue, 1 4065991648, melissa@rosengrouppr.com, https://primerevenue.com/

View original content to download multimedia:https://www.prweb.com/releases/primerevenue-hires-andrew-hamilton-as-cto-302429481.html

SOURCE PrimeRevenue

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Discover the Latest in AV Innovation at Ford AV’s Innovate technology showcase in Loveland, CO

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50 minutes ago

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April 17, 2025

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DENVER, April 17, 2025 /PRNewswire/ — Ford Audio-Video invites technology professionals, decision-makers, and innovators to:

Event:  Innovate – A Technology Experience
Date: Wednesday, April 30, 2025
Time: 9:00 AM to 3:00 PM
Location: Embassy Suites by Hilton in Loveland, Colorado
Admission: FREE
Register Now: innovate.fordav.com

Innovate is a free, one-day showcase where attendees experience over 90 of the world’s top AV manufacturers, hands-on technology demos, live training seminars, and complimentary lunch. It’s the perfect opportunity to explore the latest solutions in video conferencing, digital signage, room scheduling, security, sound systems, lighting, and more—all under one roof.

Why Attend?

EXPLORE the latest AV, Unified Communications, and security tech from 90+ exhibitors

EXPERIENCE live demos and practical solutions for your workplace

LEARN from expert-led seminars on today’s most relevant AV topics

NETWORK with industry pros, tech leaders, and your local Ford AV team

Enjoy a FREE LUNCH during the event

Featured Display: LG 136″ All-in-One LED

Visit Booth #600 to experience the LG 136″ All-in-One Display—a stunning, seamless DVLED solution that transforms conference rooms, lobbies, and executive spaces. See how this plug-and-play display delivers impressive image quality without complicated setup.

About Ford AV

Ford AV is a leading national integrator of professional audio, video, security, and collaboration technologies. With over 50 years of experience, Ford AV partners with businesses, schools, governments, hospitals and more—helping people communicate using the power of AV technology.

Media Contact:
Sophia Bittencourt
Marketing Coordinator
(405) 946-9966
innovate@fordav.com 
www.fordav.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/discover-the-latest-in-av-innovation-at-ford-avs-innovate-technology-showcase-in-loveland-co-302431211.html

SOURCE Ford AV

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Prochant Achieves HITRUST r2 Certification, Strengthening Commitment to Data Security and Compliance

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50 minutes ago

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April 17, 2025

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CHARLOTTE, N.C., April 17, 2025 /PRNewswire/ — Prochant, a leader in revenue cycle management (RCM) solutions for the home-based care industry, today announced it has earned certified status by HITRUST for information security across its IT Infrastructure, Prochant Pulse Connect Portal, Prochant Operations and Data Center hosted at Microsoft Azure.

HITRUST r2 Certification demonstrates Prochant has met demanding regulatory compliance and industry-defined requirements and is appropriately managing risk. This achievement places Prochant in an elite group of organizations worldwide that have earned this certification. By including federal and state regulations, standards and frameworks and incorporating a risk-based approach, the HITRUST Assurance Program helps organizations address security and data protection challenges through a comprehensive and flexible framework of prescriptive and scalable security controls. 

“For our clients, data security is not just a checkbox—it’s a top priority,” said Joey Graham, CEO of Prochant. “Earning HITRUST r2 Certification validates our deep commitment to protecting our clients’ data while allowing us to continue innovating with confidence. It’s a critical step in our mission to deliver world-class RCM solutions powered by advanced technology rooted in trust. The HITRUST r2 Certification is more than a symbol of compliance; it represents a culture of continuous improvement and accountability.” 

“HITRUST certification is globally recognized as validation that information security and privacy controls are effective and compliant with various regulations. HITRUST certification is considered the gold standard because of the comprehensiveness and applicability of the control requirements, depth of the assurance process and level of oversight that ensures accuracy,” said Jeremy Huval, Chief Innovation Officer at HITRUST. 

This achievement underscores Prochant’s commitment to security, client trust and operational excellence. Obtaining HITRUST r2 Certification demonstrates Prochant’s ability to safeguard sensitive data in an increasingly complex landscape and reinforces the company’s reputation as a trusted, tech-enabled partner for home-based care providers.

For more information, please visit www.prochant.com or email marketing@prochant.com.

Contact 
Greg Krantz
VP, Marketing
+1 (888) 349-9015
Marketing@prochant.com

About Prochant, LLC
Established in 1999, Prochant delivers focused revenue cycle management (RCM) solutions to providers for the home-based care industry. Our expertise lies in providing end-to-end RCM for home-based care, including HME, infusion and pharmacy and home health and hospice, consistently delivering exceptional results to some of the leading providers in the country. We combine innovative technology in workflow and analytics and deep industry knowledge to streamline the time-consuming and expensive reimbursement process. As a result, we help home-based care providers accelerate their collections, increase revenue and reduce operational costs while managing risk. 

View original content to download multimedia:https://www.prnewswire.com/news-releases/prochant-achieves-hitrust-r2-certification-strengthening-commitment-to-data-security-and-compliance-302431267.html

SOURCE Prochant

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