As Philips views infringement of Intellectual Property Rights as an extremely serious and harmful crime, its Intellectual Property (IP) standards team has been consistently conducting such raids to protect the value and copyright of its products. 41 such raids were carried out in 2004 alone. External investigators carry out these raids in consultation with the IP team.
The arrested persons are kept in police custody for a few days and after the Magistrates decision released on conditional bail.
Philips hopes that these raids act as a deterrent to others and sends out a strong message that Philips is serious about protecting its brands.
For further information:
Philips India Limited
Corporate Communications
Anil A. Nayak
Ph: +91 22 66912122, Fax: +91 22 6691 2499
e-mail:anil.nayak@philips.com
About Royal Philips Electronics
Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is one of the world's biggest electronics companies and Europe's largest, with sales of EUR 29 billion in 2003. With activities in the three interlocking domains of healthcare, lifestyle and technology and 165,600 employees in more than 60 countries, it has market leadership positions in medical diagnostic imaging and patient monitoring, color television sets, electric shavers, lighting and silicon system solutions. News from Philips is located at www.philips.com/newscenter
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