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Philips Expands Emergency Healthcare Offering With Acquisition of InnerCool Therapies, a Leader in Body Temperature Management
Date:7/15/2009

and pleasure with strong leadership positions in flat TV, male shaving and grooming, portable entertainment and oral healthcare. News from Philips is located at www.philips.com/newscenter.

About InnerCool Therapies

InnerCool Therapies was founded in San Diego, California in 1998 and develops and markets temperature management systems for both surface and endovascular temperature control. Their systems rapidly and controllably lower patient body temperature, and precisely maintain a specified target temperature for the desired duration before returning the patient to normothermic levels. InnerCool's endovascular solution utilizes a specialized catheter, with a highly responsive, integrated temperature probe, eliminating the need for slow-to-react bladder or rectal probes. InnerCool operates an approximately 17,000 square foot, FDA-registered and ISO-certified manufacturing facility located in San Diego, California. For additional information about InnerCool Therapies, please visit www.innercool.com.

Forward-looking statements

This release may contain certain forward-looking statements with respect to the financial condition, results of operations and business of Philips and certain of the plans and objectives of Philips with respect to these items. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future and there are many factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.


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