Royal Philips Electronics has recently reached the impressive
milestone of 100,000 patents, confirming its excellence
as a highly innovative company. Philips generates significant
revenues through its pro-active intellectual property
strategy. The income from intellectual property is essential
for the discovery of innovative technology and the development
of new products, as it is used almost entirely to help
fund Philips'' Research & Development.
examples of important patented Philips-inventions are
CD, DVD, JPEG, MPEG (digital video), Xenon car lights,
UHP lights for projectors and GSM speech codification.
Over the last five years, Philips has tripled the annual
number of inventions for which it seeks patents from 1,000
to 3,000. For the last two years, Philips has been the
number one company in patent applications with the World
Intellectual Property Organization.
to Gerard Kleisterlee, CEO of Philips, ''reaching the milestone
of 100,000 patents is a fantastic achievement. It is a
logical consequence of our strategy to activate the value
of our technological knowledge. Our intellectual property
portfolio determines our value as a company in what we
call the "Intellectual Economy", the market
where technology is traded. We use our patents more and
more as a tool for sharing our technology with other
companies, for example, by licensing our patents. As a
result, we continue to provide the world with useful and
convenient innovations that enhance the quality of life.''