With the 100th anniversary of its research organization, Philips has renewed its commitment “to improving the lives of 3 billion people a year by 2025.”
Since it was established in 1914 in Eindhoven, the Netherlands, Philips Research has established operations in six international locations, accumulated 1,500 employees belonging to 50 nationalities and granted 165,000 patents, Philips announced Thursday.
Philips also invested more than $2.45 billion in research and development in 2012.
The company’s other key inventions include the X-ray tube Rotalix against tubercolosis, the first Philips radio, rotary electric razor, first audio compact cassette and first compact disc.
“Research-driven innovation is the lifeblood of Philips,” said Henk van Houten, Philips Research general manager. “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.”