PR83229

COLUMBUS, Ohio and LONDON, March 11, 2020 /PRNewswire=KYODO JBN/ --

- Collaboration strengthens leading sci-tech information solutions to deliver

enhanced insight across R&D and IP workflows

CAS, a division of the American Chemical Society specializing in scientific

information solutions, and PatSnap, a global leader in innovation intelligence,

today announced a long-term strategic partnership agreement aimed at

accelerating global innovation. This unique collaboration between sci-tech

information industry leaders, brings together the depth of CAS human-curated

scientific data and the power of PatSnap's AI machine learning and data

visualization technologies to deliver enhanced information solutions that

address the growing need for deeper insights across disciplines.

Logo - https://mma.prnewswire.com/media/1121525/PatSnap_Logo.jpg

Photo -

https://mma.prnewswire.com/media/1121526/CAS____a_division_of_the_American_Chemical_Society.jpg

This collaboration enables both organizations to quickly augment existing

solutions with new content and technology-driven functionality. The partners

will also leverage their collective expertise to jointly develop new capabilities.

"The CAS and PatSnap teams share a passion for accelerating innovation across

industries including healthcare, agriculture, diversified chemicals and energy

to improve people's lives," said CAS President Manuel Guzman. "Partnerships are

a critical aspect of our strategy to rapidly advance that vision. By working together,

we can deliver greater value across the complete discovery and commercialization lifecycle."

"As sci-tech information industry leaders, this partnership reinforces the key

role that innovation intelligence plays as companies innovate," said PatSnap

Founder and CEO Jeffrey Tiong. "Innovation intelligence has evolved over the

years, which is why we believe that applying AI machine learning to patent

documents, journals and company data is the next frontier in valuable

innovation insights. Through our partnership with CAS, companies and

individuals will be able to use our intelligence solution to expand or solidify

their position in different markets."

This partnership is a compelling alliance of two contrasting organizations with

complementary strengths and a common aspiration. For over 100 years, CAS has

been building the world's largest scientific content collection, including the authoritative

CAS REGISTRY(R) of chemical substances. Curated by hundreds of scientists speaking

50+ languages, CAS data underpins essential information resources, such as SciFinder-n

and STNext(R), relied upon by scientists and IP professionals globally, as well as custom

services engagements supporting sci-tech digitalization and knowledge management initiatives.

With offices in North America, Europe and Asia, PatSnap has quickly become the

leading innovation intelligence solution provider for over 10,000 customers

world-wide. Relied on by both start-ups and Fortune 500 corporations, PatSnap's

ability to combine millions of disparate data sources and turn them into

impactful insights has helped companies improve their IP and R&D teams'

decision making, workflows and collaboration.

"As data volumes grow and technology evolves rapidly, we are thinking more

broadly about how we can most effectively enable innovation," said Tim

Wahlberg, CAS Vice President of Product Management. "Integrating PatSnap

capabilities will rapidly advance our core solutions with new functionality and

extend our breadth in areas like biologics and material science."

"PatSnap's unique AI capability facilitates smarter content curation and identification

to help companies connect the dots," said Markus Haense, CTO and Head of Research

at PatSnap. "By augmenting our existing product offering with CAS's world-class data set,

we can now capitalize and enhance our offerings in the life sciences and material sciences

space and help our customers innovate better and faster."

About CAS

CAS, a division of the American Chemical Society specializing in scientific

information solutions, partners with R&D organizations globally to provide

actionable insights that help them plan, innovate, protect their innovations,

and predict how new markets and opportunities will evolve. Scientists, patent

professionals and business leaders rely on CAS solutions and services to advise

discovery and strategy. With more than 110 years' experience, no one knows more

about scientific information than CAS. Visit www.cas.org.

About PatSnap

PatSnap is the leading innovation intelligence software solution, designed to

help companies make better business decisions by providing world-class IP and

R&D intelligence. With the application of AI and machine learning, PatSnap

makes it possible to gain actionable intelligence from millions of global

innovation data points such as patents, litigation, investment and company

information. From ideation to commercialization, learn how connected innovation

intelligence can help. Visit www.patsnap.com

CAS Media Contact:

Tina Tomeo/Rhonda Ross

614-447-3600

cas-pr@cas.org

PatSnap Media Contact:

Irene Mukasa

647-209-3546

imukasa@patsnap.com

SOURCE: PatSnap