Philips Oral Healthcare announced a pledge of $250,000 to the American Academy of Periodontology Foundation's Gerald M. Bowers Endowment Fund for the American Board of Periodontology...

Philips Oral Healthcare Pledges $250,000 to AAP Foundation Fund

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The announcement was made at the Foundation Gala in New Orleans last month, where Philips/Sonicare was lead sponsor.

CHICAGO – October 21, 2002 – Philips Oral Healthcare announced a pledge of $250,000 to the American Academy of Periodontology Foundation's Gerald M. Bowers Endowment Fund for the American Board of Periodontology.

Joel Berg, vice president for clinical affairs for Philips, who made the announcement, characterized the pledge as “a demonstration of our commitment to your membership, to the specialty of periodontology and to the embetterment of the patients you care for.”

He added: “As the AAP Foundation continues to bring science into practice via education, we will be there to support you and congratulate you in your accomplishments.” It has been a long and, for both parties, rewarding partnership: Philips introduced its leading dental care product, Sonicare, at the American Academy of Periodontology annual meeting in Orlando 10 years ago.

“We are very appreciative of this extraordinary gift,” said Donald S. Clem, III, DDS, president of the AAP Foundation. “Because the Bowers Fund will be used to support board certification, this gift links Philips' commitment to continual education with the Foundation's mission of improving the periodontal health of the public.”

The Gerald M. Bowers Endowment Fund for the ABP is a 5-year, $1.5 million campaign launched in October 2001. Interest from the Fund will be used to extend board certification opportunities and incorporate online technologies. The Fund currently stands at just over $1 million.

The American Academy of Periodontology Foundation is dedicated to improving the periodontal health of the public by increasing public and professional awareness of periodontal diseases; stimulating and supporting clinical research and the generation of new knowledge; and enhancing educational programs and opportunities in periodontology. Periodontics is one of nine dental specialties recognized by the American Dental Association.

Royal Philips Electronics of the Netherlands is one of the world's biggest electronics companies and Europe's largest, with sales of $28.8 billion (EUR 32.3 billion) in 2001. It is a global leader in color television sets, lighting, electric shavers, medical diagnostic imaging and patient monitoring, and one-chip TV products. Its 184,000 employees in more than 60 countries are active in the areas of lighting, consumer electronics, domestic appliances, components, semiconductors, and medical systems.

Philips is quoted on the NYSE (symbol: PHG), London, Frankfurt, Amsterdam and other stock exchanges.

To get more information about any AAP Foundation activities, please contact Patience Kramer at 312/573-3257 or patience@perio.org.

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