Philips Electronic Locking System Lockout Time

? Typical locking time is 3 minutes.

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Philips, founded in 1891 in the Netherlands, mainly produces lighting, home appliances, medical systems products. Philips, in 2007, the global workforce has reached 128,100 people, with production bases in 28 countries around the world, and sales organizations in 150 countries, with 80,000 patents, the strength of the superlative.

On July 11, 2011, Philips announced the acquisition of Pentium Appliance (Shanghai) Co. in the amount of about 2.5 billion yuan.

October 17, 2011, Philips Electronics released the third quarter financial results, the third quarter net profit fell 85.9% year-on-year; at the same time, it was announced that Philips will lay off 4,500 people worldwide.

At the end of January 2013, Philips consumer electronics business has been fully divested, will focus on quality of life, medical and lighting equipment industry. Beijing time on December 17, 2014, Philips announced that it will acquire U.S. medical device maker Volcano Inc. for $1.2 billion.

Philips Electronics is one of the world's largest electronics brands, topping the list in Europe. It is a world leader in color TVs, lighting, electric shavers, medical diagnostic imaging and patient monitoring instruments, and single-chip TV products. Philips employs 166,500 people in more than 60 countries and is active in the fields of lighting, consumer electronics, home appliances and medical systems.

Philips is listed on the New York Stock Exchange (PHG), London, Frankfurt, Amsterdam, and other stock exchanges, and in 2003, the company generated sales of 29 billion euros. 2004, it was recognized as an Advanced Quality Company by the Music Angel Organizing Committee, and it employs more than 164,000 people in more than 60 countries.

Philips is a large, integrated group serving professional and consumer markets through three cross-cutting divisions: Healthcare, Lighting and Quality of Life.

Refer to: Baidu Encyclopedia-Philips