Philips to acquire Electrical Geodesics, Inc. to establish integrated neurological imaging, mapping and therapy guidance portfolio
(WorldNews Netherlands)

Amsterdam, the Netherlands - Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced an agreement to acquire Electrical Geodesics, Inc. (EGI), a US-based medical device company that designs, develops and commercializes a range of non-invasive technologies used to monitor and interpret brain activity. EGI`s portfolio of EEG hardware, software and acquisition sensors will complement Philips` existing portfolio of imaging technologies (e.g. MRI and PET-CT) and advanced informatics (e.g. IntelliSpace Portal) for neurological applications....