SKF is launching The Patent Bay, a new platform open to companies that aim to accelerate technologies with the potential to advance sustainability by making selected patents freely available to others. “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 to create ripple effects across industries and society”, says Rickard Gustafson, CEO of SKF.
The launch comes at a time when global patent filings are at an all-time high. According to the World Intellectual Property Organisation, 3,55 million patent applications were filed globally in 2023, more than double the number in 1995. 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. “In today’s complex world, openness and collaboration are more important than ever. At SKF, we believe that sharing is part of the solution. 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 Patent Bay is now live and accessible at www.thepatentbay.com to companies and innovators committed to technologies with the potential to advance sustainability. To find out more, visit www.thepatentbay.com or www.skf.com/fighting-friction/02"
Read more...Trafo Power Solutions returns to Electra Mining Africa
News
Trafo Power Solutions returns to Electra Mining Africa 2026 with a portfolio that has expanded well beyond dry-type transformers into fully engineered electrical power solutions for mining, industrial and infrastructure operations across Africa.
Read more...Why representation in STEM is crucial
News
Women’s underrepresentation in STEM is a business risk as much as a social one, shrinking an already pressured talent pool. Intentional mentorship and visible leadership pathways are structural necessities, not HR gestures.
Read more...Women shaping engineering at ABB ABB South Africa
News
Two ABB engineers share how curiosity, mentorship and an inclusive culture have shaped their careers, and what they see as the most exciting opportunities for women in engineering across Africa.
While every effort has been made to ensure the accuracy of the information contained herein, the publisher and its agents cannot be held responsible for any errors contained, or any loss incurred as a result. Articles published do not necessarily reflect the views of the publishers. The editor reserves the right to alter or cut copy. Articles submitted are deemed to have been cleared for publication. Advertisements and company contact details are published as provided by the advertiser. Technews Publishing (Pty) Ltd cannot be held responsible for the accuracy or veracity of supplied material.
printer friendly version