Timken Recognized by Fast Company as one of World's Most Innovative Companies

Release Time：20 Mar,2024

<p style="text-align: center;"><img src="/ueditor/php/upload/image/20240320/1710922736100565.png" title="1710922736100565.png" alt="2.png"/></p><p><span style="font-family: arial, helvetica, sans-serif; font-size: 12px; text-align: justify;">The Timken Company (NYSE: TKR;&nbsp;www.timken.com), a global leader in engineered bearings and industrial motion products, has been named one of the&nbsp;World&#39;s Most Innovative Companies of 2024&nbsp;by&nbsp;Fast Company. Alongside the top 50 companies overall, the publication recognized 606 organizations across 58 sectors and regions, with Timken ranking&nbsp;in the manufacturing category.</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">&quot;Throughout our company history, we&#39;ve been creating complex engineering solutions for applications across industries, from aviation and rail to space exploration and robotics,&quot; said&nbsp;Richard G. Kyle, Timken president and chief executive officer. &quot;Timken has been known for its customer-centric industrial innovations for 125 years, and our specialized engineering knowledge is more relevant today than ever. We&#39;re proud to be honored along with these other innovative companies and inspired by this recognition as we focus on sustainable engineering solutions for generations to come.&quot;</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Fast Company editors and writers judged applications for inclusion on the annual list according to four criteria: innovation, impact, timeliness and relevance.</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">The publication recognized Timken for its innovations in renewable energy, the company&#39;s largest end-market sector. Specifically, Timken demonstrated to&nbsp;Fast Company&nbsp;how it worked with customers to develop an innovative two-bearing solution for the mainshaft used in the world&#39;s largest wind turbines. The company also created a new steel alloy with 100-percent recycled material for the bearings and innovated a process for heat-treating the components using electricity in place of hydrocarbon-burning furnaces. Ultimately, Timken created a sustainable product using a sustainable process to benefit a sustainable industry. The first turbines to employ this comprehensive solution went online in 2023.</span></p><p style="text-align: justify;"><span style="font-family: arial, helvetica, sans-serif; font-size: 12px;">Members of Timken&#39;s technology, research and development, application engineering and product management teams all participated in the development of the innovations that led to this recognition. The company is a trusted partner and market leader in application engineering, serving a broad range of industries and customers worldwide.</span></p><p><br/></p>