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Philips and Swarovski partner to bring a range of innovative fashion accessories

Amsterdam, the Netherlands/Paris, France, Mar 22, 2007 - Leveraging both companies’ strengths, Philips and Swarovski have jointly designed and developed a range of new and unique products that will take technology to a new, fashionable level for women. The Philips and Swarovski alliance will develop new market opportunities for each company by integrating high fashion and technology.

The first fashionable innovations created by Philips and Swarovski are the Active Crystals range of products which will be launched this summer includes sound accessories and storage devices.

"Philips alliance with Swarovski combines two distinct and strong brands in order to create a unique proposition for consumers,” said Rudy Provoost, Chief Executive Officer, Philips Consumer Electronics. “The outcome of the alliance is a range of products that go back to the essence of what many women are looking for: The fusion of functionality and fashion through a unique combination of technology and elegance. We are combining luxurious design with the practical, everyday benefits of consumer electronics to complement Philips’ brand promise Sense and Simplicity and Swarovski brand promise of Poetry & Precision"

Combining Simplicity and Poetry of Precision
The new range is the first result of the Philips and Swarovski alliance focusing on providing performance and class, offering technology with style and demonstrating a feeling of movement and activity combined with fashionable innovation. Targeted towards fashion conscious women, the products combine the technologies of both companies to create unique, high-end products with a luxurious look and feel.

“The Philips and Swarovski alliance brings together the greatness of two companies with common values of uncompromising focus on quality, design and technological innovation,” said Daniel Cohen, Member of Swarovski’s Executive Board. “Both brands have distinct identities, rich histories and a passion to re-invent and enhance their value propositions, pursuing both brand repositioning and commercial goals. The result of this partnership will be a series of products that will provide women and consumers with meaningful and fashionable products that will enhance their lives.”

Swarovski is a well-known brand in the fashion and jewellery industry. It brings credibility, style and design to the alliance and an opportunity to create a unique product proposition with Philips. Unlike other products using the Swarovski crystal stones, the Active Crystals combine unique elements of functionality and fashion: truly jewels with a soul.

A limited collection will be available for a June sneak preview at Colette, the concept store in Paris. The full Philips and Swarovski Active Crystals range will be commercially available in Europe, North America and Asia in department stores/consumer electronics retail and in the Swarovski stores as of August 2007.

Specific product details, pricing and availability will be announced over the coming months.

Note: A limited amount will be available in June for those of you who are true early adopters, but you will need to also purchase yourself a flight to France, because the only place to get the first release of these drives is exclusively at the store Colette, a Parisian boutique specializing in artistic design pieces.

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