Day: December 7, 2021

December 7, 2021

Amsterdam, the Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced that the company has been recognized for its climate action leadership by global environmental non-profit CDP. Thanks to its actions to cut emissions, mitigate climate risks, and develop the low-carbon economy, Philips has secured a place on CDP’s ‘A List’ for the ninth consecutive year.

“With health systems and consumers increasingly committed to making more sustainable choices and to climate action, we remain convinced that doing business sustainably is the only way forward,” said Frans van Houten, CEO of Royal Philips. “Our ongoing actions to embed sustainability in our solutions, our operations and across the supply chain, have once again been recognized with a place on CDP’s prestigious benchmark. I am proud that the creativity and inspiration of our global workforce continues to make a difference in creating a healthier and more sustainable world.”

CDP’s annual environmental disclosure and scoring process is widely recognized as the gold standard of corporate environmental transparency. Its scoring methodology assesses companies on the comprehensiveness of their disclosure, awareness and management of environmental risks and demonstration of best practices associated with environmental leadership, such as setting ambitious and meaningful targets.

Global recognition
To achieve its vision of making the world healthier and more sustainable through innovation, Philips employs a comprehensive set of commitments across all the Environmental, Social and Governance (ESG) dimensions that guide the execution of company strategy. Philips is already carbon neutral in its operations and is set to further reduce its CO₂ emissions in line with 1.5°C global warming, for example by further improving the energy efficiency of its products during the customer use phase and teaming up with customers and stakeholders to decarbonize healthcare. The company has also set ambitious circular economy objectives, such as generating 25% of its revenue from circular products, services and solutions by 2025. Philips is also taking action to drive significant reduction of greenhouse gas emissions in its supply chain.

The company’s longstanding commitment to doing business responsibly and sustainably has received widespread recognition. For example, Philips has achieved top positions in the global Dow Jones Sustainability Indices and Sustainalytics rankings, and the company was awarded a top ESG score of 90 out of 100 by S&P Global Ratings. Moreover, Philips was the first health technology company to have its carbon emission targets for the 2020 – 2040 period assessed and approved by the Science-Based Targets initiative (STBi).

More information about how Philips is partnering with stakeholders to drive environmental, social and governance priorities and make a global impact, is available here.

For further information, please contact:

Joost Maltha
Philips Global Press Office
Tel: +31 610 558 116
Email: joost.maltha@philips.com

Derya Guzel
Philips Investor Relations
Tel.: +31 20 59 77055
E-mail: derya.guzel@philips.com

About Royal Philips
Royal Philips (NYSE: PHG, AEX: PHIA) is a leading health technology company focused on improving people’s health and well-being, and enabling better outcomes across the health continuum – from healthy living and prevention, to diagnosis, treatment and home care. Philips leverages advanced technology and deep clinical and consumer insights to deliver integrated solutions. Headquartered in the Netherlands, the company is a leader in diagnostic imaging, image-guided therapy, patient monitoring and health informatics, as well as in consumer health and home care. Philips generated 2020 sales of EUR 17.3 billion and employs approximately 78,000 employees with sales and services in more than 100 countries. News about Philips can be found at www.philips.com/newscenter.

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LONDON and MUNICH, Germany and CALGARY, Alberta, Dec. 07, 2021 (GLOBE NEWSWIRE) — Deep Energy Capital, LLP (“Deep Energy”), an independent specialized renewable energy investment house, and Eavor Technologies Inc. (“Eavor”), the preeminent advanced geothermal technology company, announce their cooperation to deploy advanced geothermal technology, Eavor-Loop™, a new source of clean, baseload and flexible heat and power.

Deep Energy will raise capital to develop projects deploying Eavor’s advanced closed-loop geothermal systems. Eavor has committed €10 million in initial funding.

Closed-loop geothermal systems extract heat energy from an isolated network of wellbores, akin to a deep underground radiator. These systems, unlike other forms of geothermal, can be deployed globally to generate clean energy that is dispatchable, flexible and non-intermittent. This unlocks a reliable and consistent energy source that can be used to generate electricity as well as commercial scale heating and cooling.

Initially focusing on European markets, Deep Energy aims to catalyse €5 billion in investment to generate clean energy for over a million homes and avoid over 1.5 million tonnes of CO₂ annually.

Dan Phillipson, Managing Partner at Deep Energy, said: “There is a critical urgency to provide all of society with clean, always-available energy. Our partnership with Eavor aims to do, at scale, just that. We see enormous opportunity to build out this resilient infrastructure and develop this differentiated energy source.”

John Redfern, President and CEO at Eavor Technologies, said: “Eavor-Loop is a game changer in reducing risk and making geothermal possible at scale. Electrical power and heating can be delivered with reliability and confidence. No fracking, no emissions, no intermittency. This collaboration with Deep Energy is an important step in financing and unlocking our low carbon future.”

ABOUT DEEP ENERGY CAPITAL
Deep Energy Capital, LLP is an independent, private, owner-managed partnership based in London. The firm was founded in 2021 to make infrastructure investments that provide a highly differentiated source of renewable energy. Development, construction, operation, and financial optimisation of clean, renewable, baseload and dispatchable sources of power and heating is at the core of Deep Energy Capital’s activities. Deep Energy Capital is a firm focused on sustainability and the energy transition.

ABOUT EAVOR TECHNOLOGIES
Eavor (pronounced “Ever”) is a technology-based energy company led by a team dedicated to creating a clean, reliable, and affordable energy future on a global scale. Eavor’s solution (Eavor-Loop™) represents the world’s first truly scalable form of clean, dispatchable, baseload capable and flexible power. Eavor achieves this by mitigating or eliminating many of the issues that have traditionally hindered geothermal energy. Eavor instead circulates a benign working fluid that is completely isolated from the environment in a closed-loop, through a massive subsurface radiator. This radiator simply collects heat from the natural geothermal gradient of the Earth via conduction, at geologically common and drilling accessible rock temperatures. Eavor has been supported by equity investments made by several leading global energy producers, investors, developers, and venture capital funds including bp, Temasek, Chevron Technology Ventures, BHP, Vickers Venture Partners and BDC Capital.

CONTACTS:
Deep Energy Capital, LLP
Dan Phillipson – Managing Partner
inquiries@deepenergy.capital
+44 20 3488 1901

Eavor Technologies Inc.
John Redfern – President & CEO
info@eavor.com
1 403 800 8524
www.eavor.com

VILNIUS, Lithuania, Dec. 07, 2021 (GLOBE NEWSWIRE) — Peplink, a company that makes connectivity reliable, has joined together with Telkomsel, a subsidiary of state-owned enterprise Telkom Indonesia, to help businesses in Indonesia transform into cloud-ready, fully online organizations.

Telkomsel is the leading digital telco company in Indonesia that serves more than 169 million customers across Indonesia. Its IoT services unit, Telkomsel IoT, collaborates with Peplink to power its managed services and solutions. Peplink’s extensive product portfolio of wired and wireless SD-WAN routers support Telkomsel to provide reliable enterprise-grade connectivity to businesses anywhere, even at locations with poor coverage.

Telkomsel has used Peplink as part of their Telkomsel IoT Managed SD-WAN solutions in more than 2000 sites for regional subsidiaries of nationwide banking, such as Bank BJB Syariah and Bank Iampung, and also retail enterprises. These deployments have greatly improved network uptime and the operating efficiency for these customers, despite the challenging locations in some of those branches.

With these valuable case references and Peplink’s full line-up of enterprise, 4G and 5G routers and software that can provide reliable connectivity in any challenging deployment conditions, Telkomsel will have more advanced managed IoT solutions providing cost-effective, reliable connectivity solutions to customers in energy, mining and manufacturing markets. Telkomsel will also have access to Peplink’s comprehensive enterprise 5G product portfolio in order to be the first mover with 5G managed SD-WAN.

Peplink’s SD-WAN is built to ensure network speed and reliability on any wired or mobile networks. Using Peplink’s SpeedFusion technology which fuses multiple WAN networks together, customers are protected from sudden network interruptions or latency spikes during critical tasks, such as important video calls or point-of-sale transactions. All Peplink routers can be remotely managed from one single screen via the cloud, greatly reducing the overhead of managing multiple network branches.

“Telkomsel and Peplink had a great headstart in the past year. We now look forward to creating many more outstanding use cases in this fast growing market,” said Keith Chau, General Manager of Peplink.

“Telkomsel is committed to always presenting digital IoT solutions that all industrial sectors can utilize through the use of appropriate technology. As a way to make it happen, Telkomsel collaborates with the world’s leading technology companies such as Peplink. With the support of 4G and 5G networks and Peplink superior technology, this collaboration will provide more comprehensive solutions according to customer needs, such as automation, network security, and increased productivity,” said Vice President Internet of Things Telkomsel Alfian Manullang.

About Peplink
Peplink makes connectivity reliable. Peplink’s ecosystem, SpeedFusion technology and SD-WAN routers have been deployed around the world, helping thousands of customers from many industries increase bandwidth, enhance Internet reliability, reduce connectivity cost, or enable new deployment possibilities.

About Telkomsel
Telkomsel is a leading digital telecommunication company that continues to open up more opportunities and possibilities by enabling digital connectivity, digital platform, and digital services developed by prioritizing the benefits of technology for all levels of society across the country. Telkomsel has been consistently deploying 4G mobile broadband networks and developing 5G networks, as well as enriching innovative digital solutions including Mobile Gaming, Digital Entertainment, Digital Lifestyle, Mobile Financial Services, Enterprise Solutions, and Internet of Things. During its 26 years of existence, today Telkomsel has served more than 169 million customers across Indonesia supported by more than 237,000 BTS. Our Customer Service agents can be accessed through telkomsel.com, facebook.com/telkomsel, Twitter @telkomsel, and Instagram @telkomsel as well as Telkomsel’s virtual assistant, MyTelkomsel application.

Contact:
Cassy Mak
Marketing Manager
marketing@peplink.com