20 Facts About Philips

1. In 2014, Philips was ranked 12th among India's most trusted brands according to the Brand Trust Report, a study conducted by Trust Research Advisory.

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2. In February 2015, Philips acquired Volcano Corporation to strengthen its position in non-invasive surgery and imaging.

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3. In 2006, Philips bought out the company Lifeline Systems headquartered in Framingham, Massachusetts in a deal valued at $750 million, its biggest move yet to expand its consumer-health business.

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4. In December 2005, Philips announced its intention to sell or demerge its semiconductor division.

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5. In 1996, Philips was awarded a Yad Vashem medal by Israel, a medal given to non-Jews who risked their lives to save Jews during the Holocaust.

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6. In 2011, Philips won a $10 million cash prize from the US Department of Energy for winning its L-Prize competition, to produce a high-efficiency, long operating life replacement for a standard 60-W incandescent lightbulb.

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7. In 1938, Philips established its first Indian lamp-manufacturing factory in Kolkata.

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8. In early 2008, Philips Lighting, a division of Royal Philips Electronics, opened a small engineering center in Shanghai to adapt the company's products to vehicles in Asia.

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9. In 1974, Philips opened a lamp factory in Hong Kong.

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10. In June 2017, Philips announced it would acquire US-based Spectranetics Corp, a manufacturer of devices to treat heart disease, for €1.9 billion expanding its current image-guided therapy business.

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11. On February 2015, Philips acquired Volcano Corporation to strengthen its position in non-invasive surgery and imaging.

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12. On 13 November 2013, Philips unveiled its new brand line "Innovation and You" and a new design of its shield mark.

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13. In March 2012, Philips announced its intention to sell, or demerge its television manufacturing operations to TPV Technology.

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14. In January 2011, Philips agreed to acquire the assets of Preethi, a leading India-based kitchen appliances company.

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15. In 2006 Philips bought out the company Lifeline Systems headquartered in Framingham, Massachusetts in a deal valued at $750 million, its biggest move yet to expand its consumer-health business.

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16. In December 2005 Philips announced its intention to sell or demerge its semiconductor division.

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17. In 2004, Philips abandoned the slogan "Let's make things better" in favour of a new one: "Sense and simplicity".

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18. In 2000, Philips bought Optiva Corporation, the maker of Sonicare electric toothbrushes.

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19. In 1972, Philips launched the world's first home video cassette recorder, in the UK, the N1500.

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20. In 1950, it formed Philips Records, which eventually formed part of PolyGram.

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