Key Developments: Koninklijke Philips NV (PHG)
28.54USD
19 Jun 2013
$-0.65 (-2.23%)
$29.19
$29.15
$29.17
$28.52
1,032,279
790,090
$31.95
$18.28
Latest Key Developments (Source: Significant Developments)
Koninklijke Philips Electronics NV Enters Into Agreement With Key Operation & Electrocomponents For LED Products-The Economic Times
The Economic Times reported that Koninklijke Philips Electronics NV, has entered into global distribution agreement with Delhi based Key Operation & Electrocomponents (KORE), which would allow the Dutch electronics firm to an immediate access to the growing Indian LED market. The agreement would provide Philips Lumileds, a part of the Philips Electronics, which makes LED ( light emitting diode) products and solutions, availability of domestic market through KORE's network. Full Article
Koninklijke Philips Electronics NV And VU University Medical Center Amsterdam Sign Agreement On Patient Monitoring Systems
Koninklijke Philips Electronics NV announced that it has extended its collaboration with the VU University Medical Center Amsterdam (VUmc) with an agreement on hospital-wide patient monitoring systems. The Company won the contract after a European tender process. The Company will supply integrated patient monitoring solutions to all VUmc departments where close patient monitoring is required. Both parties have already been working closely together in other areas of healthcare innovation, such as new imaging solutions for applications in cardiology, oncology and neurology. Full Article
Sony Corp And Koninklijke Philips Electronics NV owned Intertrust Technologies Corp Sues Apple Inc-Reuters
Reuters reported that Intertrust Technologies Corp, a software firm owned by a group that includes Sony Corp and Royal Philips Electronics (Koninklijke Philips Electronics NV) said, it has sued Apple Inc for infringing 15 patents relating to security. The lawsuit covers devices such as the iPhone and iPad, Mac computers and laptops, Apple TV and services including iTunes, iCloud and the Apple App Store, Intertrust said in a statement that gave no dollar figure associated with the lawsuit. Apple declined to comment. Full Article
Soitec SA Wins EUR 11.00 Million Contract Together with Koninklijke Philips Electronics NV/Step Consortium from RATP
Soitec SA announced that it has been awarded together with Koninklijke Philips Electronics NV (Philips)/Step consortium a Light-Emitting Diodes (LED) lighting contract by RATP, an urban transport operator, for its metro and RER network stations. Accordingly, Soitec SA announced that the six-lot contract, which is worth EUR 11.00 million over 48 months covers all the lamps and light tubes illuminating spaces in RATP's metro and RER networks. Five of the six lots comprising the contract were secured by the Philips group, which got together with Step to form a consortium, with Soitec securing lot number two (2). Full Article
Koninklijke Philips Electronics NV Announces Proposal to Change Company Name to Koninklijke Philips NV
Koninklijke Philips Electronics NV announced that it will propose to the Annual General Meeting of Shareholders (AGM), which will be held on May 3, 2013, to amend the articles of association of the Company and to change the name of the Company to Koninklijke Philips NV (Royal Philips). Full Article
Koninklijke Philips Electronics NV Announces FY 2012 Dividend Proposal
Koninklijke Philips Electronics NV announced that the Company has proposed FY 2012 dividend payment of EUR 0.75 per share. Full Article
Koninklijke Philips Electronics NV Comments On FY, H2 2013 Revenue Guidance-Conference Call
Koninklijke Philips Electronics NV announced that it expects sales in fiscal 2013 to start slow and pick up in the second half of 2013. Full Article
Koninklijke Philips Electronics NV Sells Audio And Video Business To Funai Electric Co-Reuters
Reuters reported that Koninklijke Philips Electronics NV said it is selling its audio and video business to Funai Electric Co for EUR150 million. Full Article
University of Texas MD Anderson Cancer Center Joins Elekta AB and Koninklijke Philips Electronics NV in Research Group for Cancer Care
Elekta AB and Koninklijke Philips Electronics NV announced that the University of Texas MD Anderson Cancer Center (Houston, Texas) has signed an agreement to join a research group to advance the development of an image-guided treatment technology for cancer care. The technology merges radiation therapy and magnetic resonance imaging (MRI) technology in a single system. MD Anderson is the second member of the research consortium, which will comprise radiation oncology centers and clinicians, and already includes the University Medical Center Utrecht (the Netherlands). Prior to the establishment of the research consortium, Elekta, Philips and the University Medical Center Utrecht have built and tested a prototype system that integrates a linear accelerator and a 1.5 Tesla MRI system. The success of these efforts has enabled the project to move to the next phase of development and testing by the select group of consortium partners. Full Article
Koninklijke Philips Electronics NV And Sint Maartenskliniek Sign Partnership Agreement For Radiological Equipment
Koninklijke Philips Electronics NV announced that it has signed a 10-year managed services agreement with Sint Maartenskliniek for the supply, installation, maintenance and upgrade of radiology imaging equipment within the hospital. This contract will not involve the direct purchase of equipment. Instead, the Sint Maartenskliniek will have the latest medical imaging systems at its disposal for a fixed monthly cost throughout the duration of the multi-year agreement. The Company will supply imaging equipment for the radiology department and the operating rooms at the Sint Maartenskliniek, which specializes in treating conditions related to posture and movement. Treating these conditions typically involves the use of MRI and CT scanners, mobile and fixed X ray systems and ultrasound equipment. The agreement includes frameworks for modifying the specifications of the systems in line with future developments as well as maintenance of the equipment. In addition, it covers the provision of training courses for the hospital’s technicians, which will contribute to improve the continuity of care during equipment use. The first of the new systems covered by the agreement will be installed in the spring of 2013. Full Article
UPDATE 3-Philips sees tough European, U.S. healthcare markets
* Shares down 4 pct (Adds healthcare details, quotes, updates shares)
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