manage power networks. The offering covers network management and utility communications solutions to monitor, control, operate and protect power systems. The portfolio includes control and protection systems for power generation, transmission and distribution, supervisory control and data acquisition (SCADA) systems, as well as software solutions for central electricity markets and mixed utilities (electricity, district heating, gas and water). The portfolio also covers wireless and fixed communication systems for power, water and gas utilities. It includes fiber optics, microwave radio and power line applications for data networking and broadband network management, as well as teleprotection and substation communication networks and voice switching management systems. In addition, the Power Systems division offers a range of services for optimizing operations and reducing maintenance requirements of customers, across the value chain. These services range from support agreements and retrofits to spare parts, service and training. The division also undertakes consulting activities such as energy efficiency studies for power plants and grids, analyses and design of new transmission and distribution systems as well as asset optimization based on technical, economic and environmental considerations. Customers: The company’s principal customers include power generation utilities and companies, transmission and distribution utilities, owners and operators, as well as industrial and commercial customers. Its other customers include gas and water utilities, including multi-utilities, which are involved in the transmission or distribution of more than one commodity. Competition: The Power Systems division faces competition mainly from Siemens and Alstom. Emerson, General Electric, Prysmian and Nexans are additional competitors in parts of the business. Patents and Trademarks The company has approximately 24,000 patent applications and registrations, of which about 8,000 are pending. In addition to these patents, the company has approximately 3,000 utility model and design applications and registrations, of which approximately 500 are pending. In 2013, the company filed approximately 1,000 patent, utility model and design applications for approximately 1,500 new inventions. The ‘ABB’ trademarks and logo are protected in all of the countries in which the company operates. Regulations As a reporting company under Section 12 of the U.S. Securities Exchange Act of 1934, the company is subject to the U.S. Foreign Corrupt Practices Act of 1977's anti-bribery provisions with respect to conduct worldwide. The company’s operations are also subject to the 1997 Organisation for Economic Co-operation and Development Convention on Combating Bribery of Foreign Public Officials in International Business Transactions. Significant Events The company signed definitive agreement to acquire Global Manufacturer of Commercial HVAC Equipment, including Reznor Brand. In July 2014, ABB has announced a partnership with Volvo Buses to co-develop and commercialise electric and hybrid buses with open standards-based direct current (DC) fast charging systems. History ABB Ltd was founded in 1883.
abb ltd-spon adr (ABB:New York)
Phone: 41 43 317 71 11
Fax: 41 43 317 44 20www.abb.com
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