Innovation Factory: How Parker Hannifin Pumps Out Breakthrough Products

Story excerpt provided by Forbes.

Written by Dan Alexander.

Twenty miles from Parker Hannifin’s monolithic headquarters in Cleveland, Ohio, Craig Maxwell darts from room to room in the company’s newly opened “hacker space,” unable to hide a grin. Sparks spit into the air as one engineer builds a trash truck that operates entirely by a hydraulic system and a battery-powered motor. One room over, another engineer opens up an explosion-proof chamber where he conducts experiments key to building faster pumps for the oil and gas industry. Across the hall a 30-year-old shows off a functioning exoskeleton that allows paralyzed people to walk.

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Originally published April 15, 2015.

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