Flariant is a company with significant advantages in the field of technology research and development. This advantage is mainly reflected in the following three aspects.
First of all, our company has a strong background in Province-level enterprise research institutes, which allows us to play a leading role in our industry. We are not only a participant in the formulation of industry standards, but also a leader in the development of the industry. By participating in the formulation of industry standards for disperse dyes, we have not only enhanced our own industry influence, but also promoted the development of the entire industry. At the same time, we actively promote school-enterprise cooperation to achieve complementary advantages. This initiative has further enhanced our R&D strength and highlighted our leading position in the industry.
Secondly, our company attaches great importance to the protection of intellectual property rights and the accumulation of R&D results. So far, we have applied for a total of 75 patents, of which 43 are invention patents. This series of patent applications not only shows the depth and breadth of our research and development, but also reflects our firm determination and far-sighted strategic vision for technological innovation. In addition, we have also been recognized as a pilot patent enterprise in Hangzhou, which is undoubtedly an affirmation of our strong R&D strength and deep technical accumulation.
Finally, we have independent intellectual property rights for three core technologies, including product synthesis technology, product production technology, and dyeing technology. The mastery and application of these core technologies not only enhances our competitiveness in the industry, but also provides strong technical support for our business development. The research and development and optimization of these core technologies have further expanded our competitive advantage and will also promote our continuous leadership in the industry.