NFC Enables Secure Contactless Payments and Consumer Services LAS VEGAS, March 15 /PRNewswire-FirstCall/ -- Philips will proudly sponsor the first business technology conference focused specifically on Near Field Communications (NFC), a short range wireless technology designed for proximity applications such as payment and ticketing simply with the swipe of your mobile phone. The NFC Technology Summit takes place April 5 in Las Vegas, Nevada in conjunction with the annual industry event, CTIA Wireless 2006. (Logo: http://www.newscom.com/cgi-bin/prnh/20060301/SFW013LOGO ) Evolving from a combination of contactless identification and smart card technologies, Near Field Communication (NFC) is a wireless connectivity technology that enables convenient short-range communication between electronic devices such as mobile phones. NFC offers the ultimate in convenience for connecting all types of consumer devices and enables rapid and easy communications. It is the perfect solution for controlling data in our increasingly complex and connected world. "NFC's momentum in payment services and in the mobile industry is increasing rapidly. The five-year implications of the technology from NFC cellular handsets to NFC consumer electronics show tremendous promise of enhancing end user experiences while reshaping communications, content and payment business models," said Timothy Downs, Executive Vice President of CMP Media, producers of the conference. In addition to a keynote by Philips, the NFC Technology Summit features speakers from MasterCard, Visa USA, Sprint/Nextel and ViVOtech, Microsoft, ABI Research, Georgetown University and more. NFC is central to Philips' vision of a world where everyone can connect to each other and to information, entertainment and services - anytime and anywhere. Its intuitive operation makes it particularly easy for consumers to use, while its built-in security makes it ideal for payment and financial applications. Registration and Programming information is available online at http://www.shorecliffcommunications.com/nfc. About Philips Royal Philips Electronics of the Netherlands (NYSE:PHG)(AEX:PHI) is one of the world's biggest electronics companies and Europe's largest, with sales of EUR 30.4 billion in 2005. Philips Semiconductors is a leading supplier of silicon system solutions for mobile communications, consumer electronics, digital displays, contactless payment and connectivity, and in-car entertainment and networking About CMP Media CMP Media is a marketing solutions company serving the technology, healthcare and lifestyles industries. Through its market-leading portfolio of trusted information brands, CMP Media has earned the confidence of more professionals and enthusiasts in these fields than any other media company. As a result, CMP is the premier provider of access, insight and actionable programs designed to connect sellers and buyers in each of these industries in ways that yield superior return on investment. CMP Media is a subsidiary of United Business Media ( http://www.unitedbusinessmedia.com/ ), a global provider of news distribution and specialist information services with a market capitalization of more than $3 billion. Visit the CMP Media Web site at http://www.cmp.com/. Media Contacts: Timothy Downs CMP Media 949-223-3628 http://www.newscom.com/cgi-bin/prnh/20060301/SFW013LOGO http://photoarchive.ap.org/ DATASOURCE: CMP Media CONTACT: Timothy Downs of CMP Media, +1-949-223-3628, or Web site: http://www.shorecliffcommunications.com/nfc http://www.unitedbusinessmedia.com/

Copyright