1. SKF launched The Patent Bay for sustainability-driven technologies. 2. First patent focuses on high-performance bearing alloys for aviation. 3. Global patent filings reached 3.55 million in 2023. 4. CEO emphasizes innovation through collaboration and sharing knowledge. 5. Platform aims to enhance accessibility to sustainable innovations.
The Patent Bay opens new avenues for innovation, aligning SKF with sustainability trends. A similar initiative by Tesla, focusing on open patents, significantly boosted their brand value and stock price.
The article is crucial as it highlights SKF's commitment to sustainability and innovation, likely attracting investors focused on ESG trends.
Sustainability initiatives typically take time to affect stock performance, as they can influence market perception and future earnings over years. Companies like Unilever have seen extended stock benefits from sustainability-focused strategies.
GOTHENBURG, Sweden, Nov. 4, 2025 /PRNewswire/ -- SKF is launching The Patent Bay, a new platform open to companies that aim to accelerate technologies with the potential to advance sustainability, by making selected patents freely available to others.
Throughout history, progress has been driven by the desire to make knowledge and important inventions accessible to more people. From decisions to release the three-point seatbelt freely and save millions of lives, to the moment when the World Wide Web was opened to everyone. And most recently when vaccine technology was shared to meet a global crisis.
"Innovation is essential for a sustainable future, and history shows that real breakthroughs happen when we share. The Patent Bay is our way of unlocking that potential—creating ripple effects across industries and society," says Rickard Gustafson, President and CEO.
The launch comes at a time when global patent filings are at an all-time high. According to the World Intellectual Property Organization, 3.55 million patent applications were filed globally in 2023—more than double the number in 1995. While this reflects a strong innovation climate, it also highlights the growing challenge of access and collaboration.
"In today's complex world, openness and collaboration are more important than ever. At SKF, we believe that sharing is part of the solution. Through The Patent Bay, we want to inspire others to do the same—because real change is created together," says Rickard Gustafson.
The first patent released on the platform is a high-performance bearing alloy developed for the aviation industry.
"This new bearing material can handle higher loads in a more compact form, enabling high performance bearing solutions for new architectures of engines designed to reduce emissions by up to 25 percent. The same technology opens door to further innovation, where efficiency and sustainability are key," says Arnaud Ruellan, Technology Innovation Manager at SKF.
The Patent Bay is now live and accessible to companies and innovators committed to technologies with the potential to advance sustainability.
For further information, please contact:
Karin Markhede; +46 707 588 730; karin.markhede@skf.com
Information about the Patent Bay: https://skf.li/dhk5ho
Download press kit here: https://www.skf.com/group/fighting-friction/02
Disclaimer
Up to 25% emission reduction.
The improved fuel efficiency is enabled by a range of innovations and collaborations—one of which is Arctic15's contribution to a more optimized engine architecture.
Read more: UltraFan - The Ultimate Turbofan Collaboration and Innovation for the Future of Flight.
The stated emission reduction refers exclusively to the engine's fuel efficiency improvements. It does not reflect a full lifecycle assessment of a future aircraft.
Aktiebolaget SKF
(publ)
Since 1907, SKF has been making some of the world's most innovative bearings, seals, lubrication systems, condition monitoring solutions, and services to reduce friction. SKF is represented in approximately 130 countries and has around 17,000 distributor locations worldwide. Annual sales in 2024 were SEK 98,722 million and the number of employees was 38,743. www.skf.com
® SKF is a registered trademark of the SKF Group.
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