For 160 years, the Siemens name has been synonymous with cutting-edge technologies and continuous growth in profitability. With our wide array of products, systems and services, we are world leaders in automation and control, information and communications, lighting, medical, power, transportation and water technologies. Sustainable success is our number one priority. Our activities focus on meeting the needs of our customers and creating value for our shareholders and employees. Our innovations – generated in our own laboratories and in cooperation with customers, business partners and universities – are our greatest strength. Siemens' global network of innovation is developing new products and services for a world that – while limited in resources – is boundless in possibilities.

The United States is one of Siemens' largest markets in the world, with twelve of Siemens' worldwide businesses headquartered here and annual sales of $21.4 billion. The Siemens companies in the U.S. employ approximately 70,000 people in all 50 states and Puerto Rico. Corporate headquarters for Siemens' U.S. businesses are located in New York City. Worldwide, Siemens and its subsidiaries employ 480,000 people in 190 countries and reported worldwide sales of $107.4 billion in fiscal 2006.

At Siemens, we view innovation as the key to entrepreneurial success. That's why rigorous innovation management is a top priority for us. In 2006, we invested approximately $6.15 billion in research and development. We generate more than 30 inventions every business day and – in close cooperation with our customers – transform them into new products, systems and solutions.

Siemens' portfolio comprises the following business areas :

• Automation & Control
• Building Technologies
• Energy & Power
• Financial Services
• Hearing Solutions
• Home Appliances
• Industrial Solutions
• Information and Communication
• Lighting
• Medical Solutions
• Transportation
• Water Technologies