financetom
Business
financetom
/
Business
/
Royal Philips Wins $25 Million Contract From US Department of Defense for Infection Detection Technology
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Royal Philips Wins $25 Million Contract From US Department of Defense for Infection Detection Technology
Nov 3, 2024 1:52 PM

09:43 AM EDT, 10/29/2024 (MT Newswires) -- Royal Philips (PHG) said Tuesday it won a four-year, $25 million contract from US Department of Defense to accelerate the development of its Rapid Analysis of Threat Exposure, or RATE, used to detect early pre-symptomatic infection in humans.

Over the next four years, the Joint Program Executive Office for Chemical, Biological, Radiological and Nuclear Defense will invest $25 million in the technology, the company said.

The RATE technology, which is in advanced development, uses biomarkers from wearables to predict infection, Royal Philips said, adding it was designed as an early warning system to decrease individuals' downtime and contain the spread of disease.

Price: 26.91, Change: +0.29, Percent Change: +1.10

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Market Chatter: JPMorgan Chase Names Scott Hamilton, Claudia Jury Co-Heads of Sales, Research
Market Chatter: JPMorgan Chase Names Scott Hamilton, Claudia Jury Co-Heads of Sales, Research
Mar 26, 2024
09:55 AM EDT, 03/26/2024 (MT Newswires) -- JPMorgan Chase ( JPM ) has named Scott Hamilton and Claudia Jury as co-heads of sales and research, Bloomberg reported Tuesday, citing an internal company memo. Hamilton and Jury will succeed Marc Badrichani, according to the report. Jury is the global head of investor client management at JPMorgan ( JPM ), while Hamilton...
What's Going On With Trump Media & Technology Group Stock Tuesday?
What's Going On With Trump Media & Technology Group Stock Tuesday?
Mar 26, 2024
Trump Media & Technology Group Corp stock is trending Tuesday after the company successfully completed its business combination with Digital World and began trading on the Nasdaq. What Happened: Shareholders approved Digital World’s proposed merger with former President Donald Trump's Trump Media & Technology Group Corp at the end of last week. The company noted that the vast majority of votes cast...
Mastercard, Visa reach $30 billion settlement over credit card fees
Mastercard, Visa reach $30 billion settlement over credit card fees
Mar 26, 2024
NEW YORK (Reuters) - Visa and Mastercard ( MA ) have reached a settlement to cap credit card fees for retailers, resulting in an estimated $30 billion of savings over five years. The antitrust settlement announced on Tuesday is one of the largest in U.S. history, and upon court approval would resolve claims in litigation that began in 2005. Retailers...
S&P Global Commodity Insights, Amazon Web Services to Provide Upstream Oil, Gas Data Analytics
S&P Global Commodity Insights, Amazon Web Services to Provide Upstream Oil, Gas Data Analytics
Mar 26, 2024
09:57 AM EDT, 03/26/2024 (MT Newswires) -- S&P Global ( SPGI ) division S&P Global Commodity Insights said Tuesday it is collaborating with Amazon.com's ( AMZN ) Amazon Web Services unit to offer its energy industry-related upstream data on the AWS Data Exchange. The company said it will provide data on over seven million oil and gas wells to support...
Copyright 2023-2025 - www.financetom.com All Rights Reserved