Philips to Further Roll Out RATE: AI for Early Infection Detection at U.S. Department of Defense Through Four-Year, $25 Million Contract
Koninklijke Philips N.V. NY Registry Shares (PHG)
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philips.com/a-w/about/investor.html
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Source: Business Wire
After successful development and pilot, groundbreaking technology using biomarkers from wearables to predict infection is set to expand within the DoD CAMBRIDGE, Mass. & WASHINGTON--(BUSINESS WIRE)--Royal Philips (NYSE: PHG, AEX: PHIA) today announced it will accelerate the predictive health monitoring of the Rapid Analysis of Threat Exposure (RATE) algorithm to support the well-being and readiness of active-duty service personnel for the U.S. Department of Defense (DoD). Over the next four years, the Joint Program Executive Office for Chemical, Biological, Radiological and Nuclear Defense (JPEO-CBRND), will invest $25 million to make the technology more accessible in the field.RATE, in advanced development, is an early detector of pre-symptomatic infection in humans. It is part of efforts to improve the readiness monitoring of active-duty personnel and has broad application in healthcare settings. The algorithm was developed as an early warning system that can reduce an individual
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PHG
Earnings
- 1/29/24 - In-Line
PHG
Sec Filings
- 10/28/24 - Form 6-K
- 9/3/24 - Form 6-K
- 8/30/24 - Form 6-K
- PHG's page on the SEC website