[April 12, 2012]

Dolby and Philips Unveil 3D HD Format Capable of Bringing Full HD 3D to Glasses-Free 3D Devices

Dolby Laboratories, Inc. (NYSE: DLB) and Royal Philips Electronics (News - Alert) (NYSE: PHG; AEX: PHI) today unveiled Dolby^® 3D, a 3D HD format and suite of technologies designed to deliver full HD 3D content to 3D-enabled devices, including glasses-free displays. Dolby 3D is being demonstrated at the NAB Show^® (April 16-19, 2012) at booth SU1212.

The two leading companies have undertaken the joint project to improve the 3D viewing experience on displays of all sizes, including smartphones, tablets, PCs, and televisions. Dolby 3D is a complete system designed to work throughout the chain to deliver clear glasses-free 3D content that operates over existing distribution systems.

"Philips^® has a long history in 3D technologies and video innovation, and Dolby has a proven track record of enabling technologies to enhance entertainment experiences. Together, we identified a business need where we could bring a unique offering to the market that improves the end-user experience," said Ruud Peters, Chief Intellectual Property Officer at Philips. "By unveiling Dolby 3D, we introduce a 3D HD format capable of powering glasses-free 3D displays of any size, enabling broadcasters, operators, content aggregators, and device manufacturers to deliver HD-quality 3D on any device."

Ramzi Haidamus, Executive Vice President, Sales and Marketing, Dolby Laboratories, stated: "We believe that Dolby 3D can help drive the adoption of 3D-creating a comfortable, customizable, truly enjoyable glasses-free 3D viewing experience while enhancing 3D display performance. Armed with the innovative glasses-free 3D display technology from Philips, based on years of extensive research and development in the field, we plan to bring the same philosophy to 3D that Dolby has brought to the audio space-integrating our technologies and strengths throughout the entir content chain. Consumers will know that when they see Dolby 3D content on a 3D-enabled device, it will look its very best."

"Dolby and Philips are committed to taking the 3D experience to the next level and delivering a high-quality solution for all 3D display devices, including today's glasses-based devices and tomorrow's glasses-free displays. Working on cutting-edge technology with two leading companies is very exciting, and I'm thrilled to lead this unique joint effort," said Guido Voltolina, General Manager of the joint project.

The focus of the project will be to work with original equipment manufacturers of display panels and entertainment devices to enhance the performance of 3D consumer devices to make viewing of 3D content just as convenient and appealing as viewing of 2D content on a high-quality screen is today. This project is uniquely positioned to enable the industry's adoption of 3D by working on standardization and licensing of the technology.

The Dolby 3D experience will seamlessly integrate into the use cases and viewing patterns of consumers on the go and in the home, making the use of 3D devices an enjoyable daily experience. Content owners and broadcast operators have the unique opportunity to differentiate their offerings by encoding 3D titles in Dolby 3D for maximum fidelity on Dolby 3D enabled devices while maintaining compatibility with existing 3D products. The system will enable a 3D HD format, including tools for 3D content creation and real-time 3D content conversion.

Press Contacts

• Dolby press contact: Daniel Schneider, Public Relations Manager, Dolby Laboratories, +1-415-558-0738, daniel.schneider@dolby.com
• Philips press contact: Bjorn Teuwsen, Director of Communications, Philips Intellectual Property & Standards, +31-40-27-40588, bjorn.teuwsen@philips.com

About Dolby Laboratories (News - Alert)

Dolby Laboratories (NYSE:DLB) is the global leader in technologies that are essential elements in the best entertainment experiences. Founded in 1965 and best known for high-quality audio and surround sound, Dolby creates innovations that enrich entertainment at the movies, at home, or on the go. For more information about Dolby Laboratories or Dolby technologies, please visit www.dolby.com.

About Royal Philips Electronics

Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is a diversified health and well-being company, focused on improving people's lives through timely innovations. As a world leader in healthcare, lifestyle and lighting, Philips integrates technologies and design into people-centric solutions, based on fundamental customer insights and the brand promise of "sense and simplicity." Headquartered in the Netherlands, Philips employs approximately 122,000 employees with sales and services in more than 100 countries worldwide. With sales of EUR 22.6 billion in 2011, the company is a market leader in cardiac care, acute care and home healthcare, energy efficient lighting solutions and new lighting applications, as well as lifestyle products for personal well-being and pleasure with strong leadership positions in male shaving and grooming, portable entertainment and oral healthcare. News from Philips is located at www.philips.com/newscenter.

Dolby and the double-D symbol are registered trademarks of Dolby Laboratories, Inc. Philips is a registered trademark of Koninklijke Philips Electronics N.V. NAB Show is a registered trademark of the National Association of Broadcasters. S12/25548 DLB-G

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