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Philips acquire ESA Business Applications funded RDT

     

   

Royal Philips (NYSE: PHG, AEX: PHIA) a global leader in health technology, announced recently on the 13th of June that it had acquired Remote Diagnostic Technologies, a UK-based leading innovator of advanced solutions for the pre-hospital market. This represents an important financial exit for ESA Business Applications investment in RDT.

 

RDT’s portfolio of emergency care solutions powered by Space such as the Tempus Pro (above, in use during the return to Earth of ESA astronaut Thomas Pesquet) will complement Philips’ Therapeutic Care business and strengthen its leadership position in the EUR 1.4 billion resuscitation and emergency care market.

“We are committed to investing in and expanding our resuscitation and emergency care offering, and with the acquisition of RDT we can boost our capabilities and portfolio in this vital area of healthcare," said Arman Voskerchyan, Business Leader for Therapeutic Care at Philips. "With its focus on the prehospital market, RDT’s portfolio of emergency care solutions will enable Philips to grow its presence in this market, as we further build our health technology portfolio and extend the range of connected, data-driven solutions we offer to our customers.”

“We are delighted to become part of Philips and continue on our journey that began over 20 years ago”, said Graham Murphy, CEO of RDT. “Our mission is very much aligned with Philips’ own, as we  are committed to transforming the delivery of care and improving patient outcomes driven by customer-focused innovation. Together, we will continue to enable prehospital caregivers to make a real difference to patient outcomes everywhere.”

 

 

 

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ESA Business Applications company Remote Diagnostic Technologies is acquired by Royal Philips

European Space Agency and the Toilet Board Coalition Partnership

 

 

 
The European Space Agency and the Toilet Board Coalition partner to leverage Space Technologies to accelerate the Sanitation Economy in developing markets
 
 
 
The Toilet Board Coalition (TBC), the world's first business-led platform focused on accelerating the Sanitation Economy, has announced a partnership with the European Space Agency (ESA) to utilise the technologies of space to help address the global sanitation crisis.
 
Sanitation is also an important issue for astronauts in space. Through this partnership, the TBC will gain a better insight and understanding into space technologies and will assess potential synergies for the Sanitation Economy.
 
The Sanitation Economy monetises toilet provision, products and services, biological resources, data and information to provide benefits across the economy and society. As part of this, the Smart Sanitation Economy, which will be the focus of this partnership, refers to digitised sanitation systems that optimise data for operating efficiencies, maintenance, plus consumer use and health information insights.
 
Charlie Beevor, Chairman, Toilet Board Coalition said: “It’s not every day that we see a partnership between a sanitation coalition and a space agency. However, working together will provide the expertise and insights needed to better understand the full potential of the Smart Sanitation Economy. Whilst its currently the least developed element of our strategy, we also think it could have the biggest impact on addressing some of the most-pressing sanitation challenges around the world.”
 
Cheryl Hicks, Executive Director, Toilet Board Coalition added: “Today, 2.3 billion people do not have access to sanitation. We need big, and innovative approaches to disrupt our current trajectory. The Smart Sanitation Economy seeks to leverage new technologies to drive new value from sanitation systems, which is exactly what we aim to do with the ESA.”
 
The ESA's Business Applications team supports the development, implementation and pilot operations of downstream space-based services. These are applications that utilise data from existing space assets in combination with terrestrial technologies to deliver sustainable services for the benefit of user communities. Acting at the intersection of innovation and business, ESA Business Applications helps stakeholders in addressing commercial and technical risks throughout the application development lifecycle, thereby transforming commercially promising space-based concepts into operational, profitable and self-sustaining applications.
 
“Our preparatory work has identified several areas which could benefit from the utilisation of space technology and data. For example, opportunities to establish preventive health information systems by combining health data from smart sensors on toilets with environmental data and disease risk factors provided by satellite Earth Observation data” said Davide Coppola, European Space Agency.
 
A twelve-month feasibility study will be launched with a call for proposals from interested companies. This will assess the technical feasibility and viability of space-based services in support of sanitation for developing economies through the Sanitation Economy, and will establish the roadmap for service implementation through potential follow-on demonstration projects. The project will explore space technologies, which can transform sanitation into the ultimate early warning system for health issues, as well as satellite monitoring of natural resources, such as water and soil.
 
About Toilet Board Coalition (TBC)
Founded in 2014, the TBC is a unique business-led partnership with the ambition to address the
global sanitation crisis by accelerating the Sanitation Economy. In November 2017 the TBC launched
new evidence demonstrating the rise of the Sanitation Economy as a call to action for global
business leaders to join in un-locking these new markets: Introducing the Sanitation Economy, The
Sanitation Economy in India, The Circular Sanitation Economy.
 
For
Toilet Board Coalition inquiries, please contact:
Jasmine Burton: burton@toiletboard.org or +41 79 901 5594 in Geneva.

 

 

 

 

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Space provides a boost for the Sanitation Economy

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