MAS recognised as one of most innovative companies
By Knitting Industry · 10 Feb 2022
Sri Lankan company secures second consecutive Clarivate South and Southeast Asia Innovation Award
MAS Holdings has reaffirmed its status as a leader in innovation in apparel and one of the region’s most innovative companies by securing the prestigious Clarivate South and Southeast Asia Innovation Award 2021, in the ‘Corporations’ category.
MAS is the only apparel company in the region and the only Sri Lankan organisation to be recognised at the awards ceremony in 2021. This marks the second consecutive accolade for the company at the Clarivate awards.
Every year, Clarivate recognises the most innovative companies in the region. The evaluation, performed using proprietary Clarivate data and tools, is strictly driven by metrics for both patent volume (number of patents published) and patent quality (grant success rate, extent of globalisation and citations).
The criteria used to select the top innovators in the region closely mirrors that of the annual Top 100 Global Innovators, which identifies organisations at the pinnacle of the global innovation landscape.
MAS, through its innovation arm, Twinery, has achieved substantial progress in cutting-edge innovation and research in the recent past. The company was among the pioneers in the apparel industry to revolutionise wearable technology by significantly improving the user experience of wearing clothing infused with such technology. The company has also developed highly advanced ‘FemTech’ products, which focus on female health and hygiene, providing proprietary tech solutions for pain points women face during all key biological phases of their lives.
“We take great pride in this achievement, which reaffirms MAS’ status as a leader in innovation in apparel as well as a leading innovator in the region,” MAS Twinery Director, Technology Commercialization – Gihan Philip said.
“However, for MAS, the best endorsement of our efforts is the transformative impact of our innovations on the lives of people. There are many more exciting developments in the pipeline, with the potential to change the trajectory of the apparel industry globally.”
“Besides MAS, this award is also an honour for Sri Lanka, demonstrating that Sri Lankans and Sri Lankan companies can be pioneers in innovation,” Gihan added. “It also demonstrates MAS’ significant contribution towards the country’s aspirations in transitioning to a knowledge economy.”
The 2021 awards ceremony was held virtually, under the theme ‘Driving sustainable innovation: More critical than ever.’
Gordon Samson, President, IP Group, Clarivate said: “We are pleased to identify and recognize MAS Holdings as a top innovator in South and Southeast Asia, an expansive and populous region with great growth potential. At Clarivate, we are on a mission to improve the way the world creates, protects and advances innovation. We are committed to helping our customers in the region to accelerate the pace of innovation by unlocking the full value of their intellectual property.”
The largest apparel tech company in South Asia, MAS Holdings is among the most recognised design-to-delivery solution providers in apparel and textile manufacturing. Home to a community of over 100,000 people, today, MAS’ manufacturing plants span 15 countries, with established design locations placed in key style centres across the world. Catering to the demands of a dynamic and ever-changing industry, the MAS portfolio has expanded exponentially; into brands, wearable technology, FemTech, start-ups and fabric parks worldwide.