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PHILIPS MEDICAL SYSTEMS AND HEWLETT-PACKARD COMPANY TO SHARE ULTRASOUND TECHNOLOGY

 PHILIPS MEDICAL SYSTEMS AND HEWLETT-PACKARD COMPANY
 TO SHARE ULTRASOUND TECHNOLOGY
 SHELTON, Conn., Nov. 12 /PRNewswire/ -- Philips Medical Systems International of the Netherlands announced today that it has signed a collaborative agreement with Hewlett-Packard Company's Medical Products Group of Andover, Mass., for the purpose of sharing existing technologies and jointly developing future ones in diagnostic ultrasound imaging. While both companies expect long-term benefits -- including, eventually, products -- there are no specific areas that would be appropriate to identify at this early stage.
 Philips Medical Systems North American (PMSNA) is a leading supplier of diagnostic imaging and radiation therapy equipment to the medical community. Every Philips product is backed by a worldwide network of research and development, sales and service.
 Headquartered in Shelton, PMSNA is part of North American Philips Corporation (NAPC), one of the top 100 industrial companies in the U.S. Philips makes consumer products, lighting, electrical and electronic components and professional equipment marketed under many well-known brands including Philips, Magnavox, Norelco, and Polygram. NAPC is a subsidiary of N.V. Philips of the Netherlands.
 Hewlett-Packard Company (NYSE: HWP) is an international manufacturer of measurement and computation products and systems recognized for excellence in quality and support. The company's products and services are used in industry, business, engineering, science, medicine and education in approximately 100 countries. HP has 90,900 employees and had revenues of $14.5 billion in its 1991 fiscal year.
 -0- 11/12/92
 /CONTACT: Janet C. Collins or Lynne G. Browne of Philips Medical Systems, 203-926-7084; or Roman G. Kichorowsky of Hewlett-Packard Company, 508-681-2860/
 (HWP PHG) CO: Philips Medical Systems North American; Hewlett-Packard Company ST: Connecticut, Massachusetts IN: MTC SU: JVN


DH -- DE027 -- 0357 11/12/92 16:09 EST
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Publication:PR Newswire
Date:Nov 12, 1992
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