"Since the development of its first light bulb, the company is focusing on innovations that matter to people, such as technologies that will make healthcare more affordable and accessible, energy-efficient LED lighting solutions that will improve people's wellbeing and make the world more sustainable, as well as locally relevant consumer appliances and services," the company said in a statement.
"Research-driven innovation is the lifeblood of Philips," said Henk van Houten, General Manager Philips Research.
Henk van Houten said, "We are passionate to invent, partner and apply technology to help people succeed. By formulating ambitious innovation goals that relate to the key challenges people face, we inspire our scientists and partners to co-create impactful solutions that matter to people."
"Philips Research operates globally and is spread across six international locations in North America, Europe and Asia, with Eindhoven in the Netherlands serving as its headquarters. Worldwide it employs over 1,500 professionals of 50 nationalities and has generated 165,000 granted patents. In 2012, Philips invested more than EUR 1.8 billion in research and development," the company said.
More recently, Philips' research expertise has contributed to innovations such as the AlluraClarity interventional X-ray system that achieves visibility at low X-ray dose levels for live guidance of minimally invasive procedures.
Philips said that it is focusing on delivering personalized experiences in the digital realm through translating their deep understanding of people's needs into digital solutions and experiences.
"The Philips huepersonal wireless lighting system, the Philips Smart Air Purifier and a range of connected patient monitoring solutions combined with advanced clinical decision support tools to enable remote and bedside monitoring,testify how Philips is leading in innovating in the digital world to find new insights and bring value and meaning to people," said the company.
--IBNS (Posted on 09-01-2014)