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| Following Philips Shavers three successful years of sponsorship of the AT&T Williams team, Philips Consumer Lifestyle today confirmed a widened agreement with the Formula One team in order to extend the marketing benefits to more of its business categories. |
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| Philips announced it has sold its speech recognition activities, Philips Speech Recognition Systems (“PSRS”), to U.S.-based Nuance Communications, Inc. Philips transferred ownership of PSRS to Nuance for approximately EUR 65 million (approximately USD 95 million) to be paid in cash. |
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| Philips announced today that its US subsidiary TH Agriculture and Nutrition LLC ("THAN") has taken steps which, if confirmed by the US courts, will resolve all pending and future asbestos-related personal injury claims against THAN and its affiliates, through a pre-packaged plan of reorganization of THAN. |
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| Philips today announced that Patrick S. Kung was appointed as Executive Vice President and Chief Executive Officer of Greater China. David Chang, who currently holds this post, will retire after 30 years at Philips. |
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| Philips Research and the University of Urbino (Urbino, Italy) have signed a research agreement to study the encapsulation of magnetic nanoparticle contrast agents inside living blood cells to prolong the retention time of these agents in the blood. |
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| Philips and Osram have concluded a patent license agreement for LED-based technology used in luminaires. |
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| At a meeting with investors and financial analysts today, Philips will update the markets on progress at its Lighting sector. Rudy Provoost, Chief Executive officer of Philips Lighting and member of the Philips Board of Management, will discuss Philips' strategy to further strengthen its global leadership position in Lighting. |
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| Philips today announced significant growth of its total brand value in the 2008 ranking of the top-100 global brands as compiled annually by leading brand consultant Interbrand. In this year's ranking, the total estimated value of the Philips brand increased by 8% to USD 8.3 billion, from USD 7.7 billion in 2007. Philips is ranked the 43rd most valuable brand in Interbrand’s 2008 ranking of best global brands. |
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| Philips is offering lighting designers, architects and artists from all disciplines a unique OLED technology ‘starter kit’, so that they can discover for themselves why OLEDs are going to be the lighting sensation of the coming years. |
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| Philips today announced a number of compelling solutions for the automotive aftermarket at the Automechanika fair in Frankfurt, Germany. The range includes EcoVision, the world’s most energy-efficient car head lighting that will help meet the challenge of reducing fuel consumption and CO2 emissions. |
