Chicago, IL. Nixon Peabody client, Cummins Allison, has received the number one ranking by Crain’s Chicago Business for patent quality. Crain’s Eureka Patent Quality Index ranks Illinois-based companies on patent activity focusing on the uniqueness of the invention covered by each patent as well as the quantity and the quality of patents received.
Cummins Allison, a leading provider of currency, coin and check processing solutions, ranked first overall in 2015 for patent quality with a quality score of 170.62 on this year’s index – placing the company’s patents in the top 1% of all U.S. patents issued in 2014. Cummins Allison has a history of receiving the highest quality patents. This is the second time Cummins Allison has topped Crain’s Chicago Business Eureka Index. Cummins Allison ranked first in 2013, second in 2014, and third in 2012.
“Cummins Allison is excited to be recognized for our unique and industry-changing innovations,” said Jeffrey Knoll, executive vice president, corporate counsel of Cummins Allison. “Partnering with Nixon Peabody enables us to strategically develop strong, innovative, and enforceable patent portfolios that are the foundation of our business.”
Nixon Peabody’s legal team, led by Chicago partner Paul R. Kitch, has worked with Cummins Allison for more than 20 years to help the company patent its inventions and assist in managing a wide portfolio of U.S. and foreign patents. Cummins Allison develops technology and processing equipment that images, counts, denominates, authenticates, and sorts currency, and is the only surviving U.S. manufacturer of equipment for processing paper currency.