Masimo Founder and chief executive officer, Joe E. Kiani, stated: “Given that Philips and Masimo have a long-term business relationship, we have patiently tried to resolve our differences regarding Philips’ infringement of Masimo’s patents without seeking the courts’ intervention. Unfortunately, since our best efforts have not been successful, we believe we have no choice but to rely on the courts to resolve this dispute.”
Masimo and Philips continue to be engaged in a long-term OEM agreement. Masimo intends to comply with the terms of the agreement, continuing to provide Philips with Masimo SET technology for integration into Philips monitoring products, to the benefit of both companies’ mutual customers.
