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Maytag's Appliances Division Recognized For Innovation

Jan. 13, 2005

The Appliance Division of Maytag Corp. has been chosen by the Product Development & Management Assn. (PDMA) to receive its Outstanding Corporate Innovator Award (OCI) for 1999. Says PDMA President Paul Belliveau: "The Outstanding Corporate Innovator Award . . . . recognizes excellence over an extended period with new products that result in significant company growth. Maytag's Appliance Division sets a high standard in this regard and has proven to be a major factor in the company's growth and profitability." The basic requirements for receiving the award are:

Sustained success in launching new products over a five-year time frame.

Significant company growth from new-product success.

A defined new-product development process, which can be described to others.

Distinctive innovative characteristics and intangibles. John J. Moran, chairman of the OCI committee, noted that new products introduced in the last five years account for 65% of Maytag's Appliance Division's revenue. Maytag is headquartered in Newton, Iowa.