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2012 News Releases


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12/11/12Cummins Announces New $1 Billion Stock Repurchase Program
COLUMBUS, Ind.--(BUSINESS WIRE)--Dec. 11, 2012-- Cummins Inc. (NYSE: CMI) today announced that the Board of Directors has authorized the Company to repurchase up to $1 billion in shares of common stock. The program was approved as the Company approaches completion of its current $1 billion share repurchase program approved by the Board in February 2011. “The announcement of this new repurchase program reinforces our comm... 
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11/14/12Cummins Inc. Earns Top Rating from Human Rights Campaign
COLUMBUS, Ind.--(BUSINESS WIRE)--Nov. 14, 2012-- For the eighth straight year, Cummins Inc. (NYSE: CMI) has been awarded a perfect score in the 2013 Corporate Equality Index by the Human Rights Campaign (HRC) as part of its Best Places to Work initiative. The ratings were announced today by HRC, the largest U.S. civil rights organization for lesbian, gay, bisexual and transgender employees, which has more than 1 million members and supporters... 
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11/12/12Cummins Commitment to Community Recognized by Bloomberg, National Conference on Citizenship and Points of Light
The Civic 50 is the First Scientific Evaluation of Corporate Civic Engagement COLUMBUS, Ind.--(BUSINESS WIRE)--Nov. 12, 2012-- Cummins Inc. (NYSE: CMI) was recognized as one of America’s most community-minded companies in The Civic 50 – the first scientific evaluation of companies that best use their time, talent and resources to improve the quality of life where they do business. Cummins ranked number 25 on the list of Fortune... 
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10/31/12Cummins Reports Third Quarter Results, Confirms Full Year Guidance
Expects full-year revenues of $17 billion, EBIT of 13.5 percent COLUMBUS, Ind.--(BUSINESS WIRE)--Oct. 31, 2012-- Cummins Inc. (NYSE: CMI) today reported results for the third quarter of 2012. Third quarter revenue of $4.1 billion decreased 11 percent from the same quarter in 2011. Revenues in North America grew 2 percent while revenues from international markets declined 21 percent. Earnings before int... 
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10/30/12Cummins Recognized as Environmental, Health and Safety Leader; Joins Campbell Institute as Charter Member
COLUMBUS, Ind.--(BUSINESS WIRE)--Oct. 30, 2012-- Cummins Inc. (NYSE: CMI) today announced it has joined the Campbell Institute as a Charter Member. The Campbell Institute was launched by the National Safety Council (NSC) earlier this year. The mission of the NSC, founded in 1913, is to save lives by preventing injuries and deaths at work, in homes and communities, and on the road through leadership, research, education and advocacy. ... 
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10/29/12Cummins Will Report Third Quarter Results Wednesday October 31
Company moves reporting from Tuesday to Wednesday due to U.S. Stock Exchange Closure COLUMBUS, Ind.--(BUSINESS WIRE)--Oct. 29, 2012-- Cummins Inc. (NYSE: CMI) today announced that it will delay by one day the reporting of its quarterly earnings results for the third quarter of 2012, due to the U.S. Stock Exchange temporarily closing because of Hurricane Sandy. Results were initially scheduled to be reported on Tuesd... 
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10/24/12Cummins Ranked #1 Among Industrial Companies in Newsweek’s 2012 Green Rankings
COLUMBUS, Ind.--(BUSINESS WIRE)--Oct. 24, 2012-- Cummins Inc. (NYSE: CMI) today announced that it is ranked #64 among the 500 largest public companies in the United States in Newsweek’s 2012 Green Rankings of businesses. Cummins is ranked #1 among industrial companies. “This recognition by Newsweek demonstrates Cummins commitment to a key element of our corporate mission - demanding that everything we do leads to a cleaner, healthier, ... 
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10/16/12Cummins Inc. Declares Quarterly Common Stock Dividend
COLUMBUS, Ind.--(BUSINESS WIRE)--Oct. 16, 2012-- The Board of Directors of Cummins Inc. (NYSE: CMI) today declared a quarterly common stock cash dividend of 50 cents per share, payable on December 3, 2012 to shareholders of record on November 23, 2012. About Cummins Cummins Inc., a global power leader, is a corporation of complementary business units that design, manufacture, distribute and service engines and related technolog... 
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10/12/12Fitch Upgrades Cummins Inc. to an "A" Rating
COLUMBUS, Ind.--(BUSINESS WIRE)--Oct. 12, 2012-- Cummins Inc. (NYSE: CMI) announced today that Fitch Ratings has upgraded the company’s Issuer Default Rating (IDR) and long-term debt ratings. The rating is an upgrade from "A-" to "A" with a stable outlook. In making the announcement, Fitch indicated the upgrade was based on the company’s, "strong operating profile, consistently low leverage, financial flexibility, and long term improvement in... 
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10/09/12Cummins Lowers 2012 Revenue and EBIT Guidance. Company Also Announces Necessary Actions to Respond to Global Economic Slowdown.
COLUMBUS, Ind.--(BUSINESS WIRE)--Oct. 9, 2012-- Cummins Inc. (NYSE: CMI) today lowered its full year revenue and EBIT guidance for 2012 and also announced actions to respond to the weakening global economy. The Company lowered its full year revenue outlook for 2012 to approximately $17 billion compared to the Company’s previous guidance of $18 billion. Earnings Before Interest and Taxes (EBIT) are now expected to be approximately 13.5%... 
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10/01/12Cummins Receives First EPA Certification for Meeting 2014 Greenhouse Gas and Fuel-Efficiency Rules
COLUMBUS, Ind.--(BUSINESS WIRE)--Oct. 1, 2012-- Cummins Inc. (NYSE: CMI) announced today that it has received certification for its ISX15 engine from the U.S. Environmental Protection Agency (EPA), meeting both the EPA 2013 regulations and the new greenhouse gas and fuel-efficiency rules that will take effect in 2014. Cummins 2014 greenhouse gas certification is the first engine certificate issued by the EPA. Cummins ISX15, the top-selling engine in the heavy-duty truck market, will deliver hi... 
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09/24/12Cummins Announces Three Innovations at MINExpo
Dual-Fuel Technology For Mining Engines; QSK50 Engine Meets Tier 4 Final Standards; Doubling High-Horsepower Engine Remanufacturing LAS VEGAS--(BUSINESS WIRE)--Sep. 24, 2012-- Cummins Inc. (NYSE: CMI) today announced three innovations at MINExpo to deliver cleaner, powerful and reliable engines and related technology to mining customers. The first innovation is Cummins' plans to produce dual-fuel engines for mine-haul trucks. The Cummins Dual FuelTM engine technology substitutes natural ... 
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09/17/12Cummins Inc. Earns Spot on 2012 InformationWeek 500 List of Top Technology Innovators Across America
COLUMBUS, Ind.--(BUSINESS WIRE)--Sep. 17, 2012-- Cummins Inc. (NYSE:CMI) today announced that it was among a select number of companies on this year's InformationWeek 500, an annual listing of the nation's most innovative users of business technology. The annual list was revealed late last week during an awards ceremony at the exclusive InformationWeek 500 Conference. Cummins Inc. last received this honor in 2007. "Cummins was founded on innovation and it remains one of our core values today,"... 
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09/10/12Hyundai and Cummins Announce Joint Venture Partnership to Build MidRange Engines in South Korea
ULSAN, South Korea--(BUSINESS WIRE)--Sep. 10, 2012-- Hyundai Heavy Industries Co., Ltd. (KRX: 009540) and Cummins Inc. (NYSE: CMI) have announced a 50/50 joint venture partnership to manufacture MidRange engines in Korea extending from 150 hp to 300 hp (112-224 kW) output for application in a wide range of Hyundai construction and industrial equipment. The launch of the Hyundai Cummins Engine Company (HCEC) joint venture took place in Ulsan, Korea, with a ceremonial co-signing of the agreement... 
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07/31/12Cummins Reports Strong Second Quarter Profits
Continues to deliver strong margins despite challenging economic environment Expects full-year revenues of $18 billion, EBIT of 14.25 to 14.75 percent COLUMBUS, Ind.--(BUSINESS WIRE)--Jul. 31, 2012-- Cummins Inc. (NYSE: CMI) today reported strong profits for the second quarter of 2012. Second quarter revenue of $4.45 billion decreased 4 percent from the same quarter in 2011. Excluding the impact of divestitures and currency movements, revenues were flat year over year. Growth in North Am... 
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07/18/12Cummins Acquires SCR Doser Assets from Hilite International
COLUMBUS, Ind.--(BUSINESS WIRE)--Jul. 18, 2012-- Cummins Inc. (NYSE: CMI) announced today that it has completed the acquisition of the emission control assets of Hilite International in Marktheidenfeld, Germany. The Hilite assets are now part of Cummins Emission Solution (CES), positioning the company to serve all major market applications with a Cummins doser. Cummins Chairman and Chief Executive Officer Tom Linebarger said, "The Hilite acquisition demonstrates how Cummins benefits from macro... 
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07/10/12Cummins Increases Dividend by 25 Percent; Updates 2012 Revenue Outlook
COLUMBUS, Ind.--(BUSINESS WIRE)--Jul. 10, 2012-- The Board of Directors of Cummins Inc. (NYSE: CMI) today approved an increase in the Company's quarterly cash dividend on common stock of 25 percent to 50 cents per share from 40 cents per share. The dividend is payable on Sept. 1, 2012 to shareholders of record on August 22, 2012. "Today's announcement of a dividend increase reinforces our confidence in the long-term prospects for the Company and continues our trend of increasing returns to s... 
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06/22/12Company Profile for Cummins Inc.
Cummins Inc., a global power leader, is a corporation of complementary business units that design, manufacture, distribute and service engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems. Company:     Cummins Inc.   Headquarters Address: 500 Jackson Street Columbus, IN 47201   Main Telephone: 812-377-5000   ... 
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06/20/12Cummins Recognized by Chrysler as 2012 Sustainability Supplier of the Year
DETROIT--(BUSINESS WIRE)--Jun. 20, 2012-- Chrysler Group LLC recognized Cummins Inc. (NYSE: CMI) as the 2012 Sustainability Supplier of the Year during the company's 2012 Annual Strategy Meeting and Supplier Awards Ceremony on June 6 at the Fox Theatre in Detroit. Of the 12 awards given to top suppliers, Supplier of the Year was awarded to Cummins in the category of Sustainability. Nominations were based on the following criteria: Significance to environmental, social and economic sustaina... 
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06/19/12IDG's Computerworld Names Cummins Inc. to 2012 list of 100 Best Places to Work in Information Technology
COLUMBUS, Ind.--(BUSINESS WIRE)--Jun. 19, 2012-- IDG's Computerworld has named Cummins Inc. (NYSE: CMI) to its 2012 list of the Best Places to Work in IT. Cummins garnered the 28th spot as one of the 100 top organizations that challenge their IT staffs while providing great benefits and compensation. Cummins will be included in Computerworld's coverage of the results from the magazine and website's 19th annual Best Places to Work in IT survey. "Cummins is honored to be named to Computerworld... 
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06/14/12Cummins Launches STEM Initiative with LEGO® Engine Replica
COLUMBUS, Ind.--(BUSINESS WIRE)--Jun. 14, 2012-- Cummins Inc. (NYSE: CMI) announced the launch of a new initiative today to motivate and inspire students to excel in Science, Technology, Engineering and Math (STEM). The new initiative kicks off this weekend with a grassroots effort called the "Brickworld Build Team." The Brickworld Build Team consists of middle school STEM students and teachers from three Chicagoland area schools and Cummins engineers coming together to build a 4-foot by 3-foo... 
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05/08/12Cummins Positioned for Strong Growth, CEO Tom Linebarger Tells Shareholders at Annual Meeting
COLUMBUS, Ind., May 08, 2012 (BUSINESS WIRE) --Cummins Inc. (NYSE: CMI) is in a strong position to continue expanding in global markets and meet its long-term growth targets, Cummins Chairman and Chief Executive Officer Tom Linebarger told shareholders at the Company's annual meeting today. Linebarger highlighted Cummins' 2011 results, including record financial performance with sales up 36 percent from 2010 to more than $18 billion, and earnings before interest and tax (EBIT) up 54 percent to... 
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05/02/12Cummins Signs Agreement to Purchase SCR Doser Assets from Hilite International
COLUMBUS, Ind.--(BUSINESS WIRE)--May. 2, 2012-- Cummins Inc. (NYSE: CMI) announced today that it has signed an agreement to acquire the assets associated with the emissions control products of Hilite International. Hilite's selective catalytic reduction (SCR) doser technology will become part of Cummins Emission Solutions (CES), allowing Cummins to serve all major market applications with a Cummins doser. SCR doser technology is a critical enabler for the performance and durability of SCR afte... 
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05/01/12Cummins Announces Strong First Quarter Results with Revenue Growth of 16 Percent and EBIT Increasing 24 Percent
Company on track for record full-year revenues and EBIT COLUMBUS, Ind.--(BUSINESS WIRE)--May. 1, 2012-- Cummins Inc. (NYSE: CMI) today reported strong sales and profits for the first quarter of 2012. First quarter revenue of $4.5 billion increased 16 percent from the same quarter in 2011. The increase year-over-year was driven by higher demand in truck, power generation and construction markets in North America and strong growth in global mining markets. Growth in these markets offset weak... 
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04/24/12Cummins Expands Seymour, Ind. High Horsepower Campus with New Construction and Addition of 290 Jobs
COLUMBUS, Ind., Apr 24, 2012 (BUSINESS WIRE) --Cummins Inc. (NYSE: CMI) today announced a significant expansion of its Seymour campus that includes investing $219 million in new construction and the addition of 290 jobs to support the Company's global high horsepower engine business. Cummins Chairman and CEO Tom Linebarger was joined by Indiana Gov. Mitch Daniels, U.S. Rep. Todd Young and Seymour Mayor Craig Luedeman at an event that was attended by the 525 employees of the Seymour Engine Plan... 
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04/16/12Cummins Launches New Smartphone App
COLUMBUS, Ind., Apr 16, 2012 (BUSINESS WIRE) --Cummins Inc. (NYSE: CMI) unveiled its first Smartphone application allowing job seeking candidates the ability to interact with 3D versions of its latest engine technologies and search for a new career with the company. "Our Smartphone app connects with candidates everywhere, anytime," said Richard Whitney, global recruiting brand leader. "We are actively hiring new talent and the app is perfect for job see... 
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04/16/12Cummins Reveals New QSF2.8 Engine with 49 to 74 HP at INTERMAT
Smallest Engine To Be Introduced By Cummins With Full-Authority Electronic Controls Meets Tier 4 Final With Fully Passive Cummins Compact Catalyst PARIS, Apr 16, 2012 (BUSINESS WIRE) --Cummins Inc. (NYSE: CMI) today revealed the new QSF2.8 engine with 49- to 74-horsepower (37-55 kW) output at the INTERMAT show in Paris. The 4-cylinder, 2.8-liter engine was displayed with a fully passive Cummins Compact Catalyst aftertreatment system... 
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03/26/12Cummins Inaugurates New Parts and Service Operation in Belgium
COLUMBUS, Ind.--(BUSINESS WIRE)--Mar. 26, 2012-- Cummins Inc. (NYSE: CMI) today officially inaugurated its Rumst campus in the Industrial Zone in Rumst, Belgium with a ceremony that focused on the Company's commitment to provide high quality parts and service to customers in the region while being a vital part of the local community. The new Cummins Global Logistics Center is part of the company's strategy to build an integrated aftermarket distribution channel. The three buildings on the Rums... 
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03/21/12Cummins Announces Development of 15-Liter On-Highway Natural Gas Engine
LOUISVILLE, Ky.--(BUSINESS WIRE)--Mar. 21, 2012-- Cummins Inc. (NYSE: CMI) today announced that it has begun development of a 15-liter Heavy-Duty, spark-ignited natural gas engine to meet demand for on-highway applications that are powered by the cheaper, cleaner and more plentiful fuel. As natural gas production grows in North America and the fuel becomes more readily available, Cummins believes that there is a strong market for engines powered by a... 
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03/21/12Cummins Announces 2013 Engines for North American Trucks
LOUISVILLE, Ky.--(BUSINESS WIRE)--Mar. 21, 2012-- Cummins Inc. (NYSE: CMI) announced today its product solutions that will be available to North American trucking customers in 2013. Product improvements continue to offer customers better reliability and better fuel economy across a full lineup of diesel and natural gas commercial vehicle engines. Cummins engines will deliver up to 2 percent fuel economy improvement over today's products and will use the same proven high-pressure common rail fu... 
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03/21/12Cummins Emission Solutions Showcasing Latest EcoFit Products at Mid-America Trucking Show
New EcoFit Products Being Unveiled For North America LOUISVILLE, Ky.--(BUSINESS WIRE)--Mar. 21, 2012-- Cummins Emission Solutions, a subsidiary of Cummins Inc. (NYSE: CMI), announced today that it will showcase its latest EcoFit™ technology at the Mid-America Trucking Show (MATS) in Louisville on March 22-24. As a leading aftertreatment system provider, the business serves both global on-highway commercial vehicle and off-highway equipment ma... 
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02/28/12Cummins Emission Solutions Celebrates Its 10th Year in Business
Cummins Emission Solutions, a part of the Cummins Inc. Components Segment, commemorates 10 years in business COLUMBUS, Ind.--(BUSINESS WIRE)--Feb. 28, 2012-- Today Cummins Emission Solutions is celebrating its 10th anniversary as a subsidiary of Cummins Inc. (NYSE: CMI). As a leading aftertreatment system provider, the business serves both global on-highway commercial vehicle and off-highway equipment markets. Dedicated to helping our customers reliably meet emissions regulations with best-in-... 
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02/22/12Cummins Announces Joint-Venture Partnership in Central America
COLUMBUS, Ind.--(BUSINESS WIRE)--Feb. 22, 2012-- Cummins Inc. (NYSE: CMI) and Grupo Laeisz announced today a joint-venture partnership to distribute and service Cummins engines, generators, and parts in a region that includes Costa Rica, El Salvador and Honduras. The new joint venture, to be called Cummins Centroamérica, will be an 80/20 joint venture. The agreement was signed in Honduras by Bernardo Hirsch, President of Grupo Laeisz, ... 
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02/21/12Cummins Creates Ethics and Compliance Organization
COLUMBUS, Ind.--(BUSINESS WIRE)--Feb. 21, 2012-- Cummins Inc. (NYSE:CMI) announced today that it is creating an Ethics and Compliance organization with officer-level leadership and accountability, and has named Deputy General Counsel Mark Sifferlen to this critical role. Sifferlen, who has been with Cummins since 2000, will become the Company’s first Vice President – Ethics and Compliance. He is also is taking on the role of Corporate ... 
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02/20/12Casto Named Executive Director of Corporate Communications
COLUMBUS, Ind.--(BUSINESS WIRE)--Feb. 20, 2012-- Cummins Inc. (NYSE: CMI) announced today that Carole Casto, a leader in the Company’s Corporate Responsibility program, will be Cummins’ new Executive Director of Corporate Communications. “As Cummins grows into a global company, effective corporate communications takes great planning and strategic thinking to make sure the right message reaches the right audience. Carole has demonstrated ... 
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02/14/12Cummins Inc. Declares Quarterly Common Stock Dividend
The Board of Directors of Cummins Inc. (NYSE: CMI) today declared a quarterly common stock cash dividend of 40 cents per share, payable on March 1, 2012 to shareholders of record on Feb. 24, 2012. About Cummins Cummins Inc., a global power leader, is a corporation of complementary business units that design, manufacture, distribute and service engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation syst... 
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02/02/12Cummins Announces Record Revenue and Profits for 2011, with Revenue Growth of 36 Percent and EBIT Increasing by 54 Percent
Strong fourth quarter results as revenue grows 19 percent and EBIT increases 25 percent Expects 10 percent revenue growth in 2012 and EBIT to improve to a range of 14.5 to 15 percent of sales COLUMBUS, Ind.--(BUSINESS WIRE)--Feb. 2, 2012-- Cummins Inc. (NYSE: CMI) today reported record sales, profits and cash flow from operations for all of 2011 as well as strong results for the fourth quarter. Fourth quarter revenue of $4.9 billion increased 19 percent from the same quarter in 2010 and ... 
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01/31/12CORRECTING and REPLACING Barner Joins Cummins as Vice President - General Counsel
COLUMBUS, Ind., Jan 31, 2012 (BUSINESS WIRE) --Please replace the release with the following corrected version due to updated content. The corrected release reads: BARNER JOINS CUMMINS AS VICE PRESIDENT - GENERAL COUNSEL Cummins Inc. (NYSE:CMI) announced today that Sharon R. Barner, formerly a top official in the U.S. Department of Commerce and a leading expert on intellectual property, has joined the Company as its Vice President - General Counsel. Ba... 
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01/31/12Barner Joins Cummins as Vice President – General Counsel
COLUMBUS, Ind.--(BUSINESS WIRE)--Jan. 31, 2012-- Cummins Inc. (NYSE:CMI) announced today that Sharon R. Barner, formerly a top official in the U.S. Department of Commerce and a leading expert on intellectual property, has joined the Company as its Vice President – General Counsel. Barner served as Deputy Under Secretary of Commerce for Intellectual Property and Deputy Director of the U.S. Patent and Trademark Office from 2009 to 2011. Last year, she returned to private practice at the law firm... 
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