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Health technology leader Philips on track with its Environmental, Social, and Governance commitments

February 22, 2022

  • 1.7 billion lives improved by Philips’ health technology products, services and solutions
  • Circular revenues already at 16% of sales, driven by healthcare informatics and services to enhance medical equipment uptime and utilization, system and software upgrades for enhanced functionality and extended lifetime and reusing refurbished parts and systems
  • Continued carbon-neutrality in its own operations and supporting supply chain partners to decarbonize
  • Publication of Philips Human Rights Report 2021 and Country Activity and Tax Report 2021 detailing its tax contributions for all countries it operates in

Amsterdam, the Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today provided an update on its key Environmental, Social, and Governance (ESG) achievements in 2021 as it continues to deliver innovative health technology solutions around the world. These 2021 ESG achievements include 1.7 billion lives improved by Philips’ healthcare and personal health products, services and solutions, 16% of sales derived from circular revenues, and continued carbon neutrality in its own operations.

“Inspired by our purpose to improve people’s health and well-being, we innovate solutions that deliver meaningful impact, while doing business responsibly and sustainably,” said Frans van Houten, CEO of Royal Philips. “I am proud that we again delivered on our ESG commitments, such as reaching 1.7 billion people with our products, services and solutions in 2021, including 167 million in underserved communities. Driven by the creativity and hard work of our global workforce, we will continue to raise the bar for ourselves and our partners across our entire value chain.”

Philips’ Environmental, Social, and Governance update is an integral part of the Philips Annual Report 2021, which was published earlier today. Highlights include:

Environmental:

  • Circular revenues accounted for 16% of sales in 2021, driven by healthcare informatics and services to enhance medical equipment uptime and utilization, system and software upgrades for enhanced functionality and extended lifetime, reusing refurbished parts and systems, as well as product rental models and operational leases. As part of Philips’ ambition to close the loop for all professional equipment by 2025, over 3,000 systems were returned to the company for responsible recycling/repurposing. In addition, Philips further reduced the amount of waste produced in its sites, realizing a 29% waste reduction compared to 2020. Of the waste that was produced, 87% was repurposed.
  • While already carbon neutral in its own operations, Philips further reduced its remaining site-related CO2 emissions by 12% in 2021 by installing solar panels and making its buildings more energy efficient. The company also continued to shift to low carbon transport modes, reducing its aviation-related emissions by instigating a stricter air freight policy, optimizing its warehouse locations, and electrifying its leased vehicle fleet.
  • Philips stepped up its supplier sustainability program with the aim of at least 50% of its suppliers (based on spend) committing to science-based targets (SBTs) for CO₂ emissions reduction by 2025. This major push to decarbonize its supply chain will have a potential impact seven times greater than the reduction of CO₂ emissions from Philips’ own operations. In 2021, 28% of Philips’ purchases were made at suppliers that have committed to science-based CO₂ reduction targets. Philips’ supplier engagement actions on climate change were recognized by CDP, the not-for-profit environmental impact disclosure organization, for the fifth year in a row in 2021.

Social:

  • Philips reached 1.7 billion people with its products and services in 2021, of which 167 million in underserved communities (which the Philips Foundation contributed to), taking the company closer to its goal of improving 2 billion lives per year by 2025 with 300 million in underserved communities.
  • As part of its ESG commitments, Philips aims to improve the lives of 1 million workers in its supply chain by 2025. The number of employees positively impacted at suppliers participating in Philips’ Supplier Sustainability Program increased to approximately 430,000 in 2021.
  • Philips’ average employee engagement score remained high at 79%, exceeding the Fortune 500 benchmark. Philips was awarded a top spot on the Forbes ‘America’s Best Employers of 2021’ list, ranking 135 among the top 500 large companies in America based on an independent survey of employees.
  • Philips raised its commitment of gender diversity in senior leadership positions to 35% by the end of 2025, from its original commitment of 30%. In 2021, the percentage of females in senior leadership positions increased to 28%.

Governance:

  • All of Philips’ ESG data is externally audited at the highest level, building on Philips’ strong track record of transparency in its ESG plans, actions, and reporting. Philips won the annual Dutch Kristal Prize 2021 for its transparency in reporting, specifically regarding climate related matters.
  • For the second year, Philips published its Country Activity and Tax Report 2021 detailing its tax contributions for all countries it operates in.
  • To mark 2021 United Nations Human Rights Day, Philips published the Philips Human Rights Report 2021 – an update on Philips’ progress in addressing key human rights over the past year, along with the company’s plans for continuous improvement.

More information about how Philips is partnering with stakeholders to drive environmental, social, and governance priorities and make a global impact is available here.

For further information, please contact:

Ben Zwirs
Philips Global Press Office
Tel.: +31 6 15213446
E-mail: ben.zwirs@philips.com

Joost Maltha
Philips Global Press Office
Tel: +31 6 10558116
Email: joost.maltha@philips.com

About Royal Philips

Royal Philips (NYSE: PHG, AEX: PHIA) is a leading health technology company focused on improving people’s health and well-being, and enabling better outcomes across the health continuum – from healthy living and prevention, to diagnosis, treatment and home care. Philips leverages advanced technology and deep clinical and consumer insights to deliver integrated solutions. Headquartered in the Netherlands, the company is a leader in diagnostic imaging, image-guided therapy, patient monitoring and health informatics, as well as in consumer health and home care. Philips generated 2021 sales of EUR 17.2 billion and employs approximately 78,000 employees with sales and services in more than 100 countries. News about Philips can be found at www.philips.com/newscenter.

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Philips publishes its Annual Report 2021

February 22, 2022

Amsterdam, the Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today published its Annual Report 2021.

Philips’ Annual Report 2021 will be on the agenda of the Annual General Meeting of Shareholders (AGM), to be held on May 10, 2022. The convocation notice and the agenda, including explanatory notes, for the AGM will be published in due course.

Philips filed the Annual Report 2021 with Netherlands Authority for the Financial Markets in European Single Electronic Format (ESEF) and expects to file the report on Form 20-F with the U.S. Securities and Exchange Commission later today (www.sec.gov).

The Annual Report 2021 (in ESEF and on Form 20-F) will be available to shareholders and other interested parties at www.results.philips.com. A printed copy can be obtained free of charge upon written request to the following email address: annual.report@philips.com.

For further information, please contact:

Ben Zwirs
Philips Global Press Office
Tel.: +31 6 1521 3446
E-mail: ben.zwirs@philips.com

Derya Guzel
Philips Investor Relations
Tel.: +31 20 59 77055
E-mail: derya.guzel@philips.com

About Royal Philips
Royal Philips (NYSE: PHG, AEX: PHIA) is a leading health technology company focused on improving people’s health and well-being, and enabling better outcomes across the health continuum – from healthy living and prevention, to diagnosis, treatment and home care. Philips leverages advanced technology and deep clinical and consumer insights to deliver integrated solutions. Headquartered in the Netherlands, the company is a leader in diagnostic imaging, image-guided therapy, patient monitoring and health informatics, as well as in consumer health and home care. Philips generated 2021 sales of EUR 17.2 billion and employs approximately 78,000 employees with sales and services in more than 100 countries. News about Philips can be found at www.philips.com/newscenter.

Forward-looking statements
This release contains certain forward-looking statements with respect to the financial condition, results of operations and business of Philips and certain of the plans and objectives of Philips with respect to these items. Examples of forward-looking statements include statements made about the strategy, estimates of sales growth, future EBITA, future developments in Philips’ organic business and the completion of acquisitions and divestments. By their nature, these statements involve risk and uncertainty because they relate to future events and circumstances and there are many factors that could cause actual results and developments to differ materially from those expressed or implied by these statements.

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SK ecoplant Has Acquired a 100% Stake in TES, a Global Sustainable IT and Battery Lifecycle Services Market Leader

SINGAPORE, Feb. 22, 2022 (GLOBE NEWSWIRE) — Navis Capital Partners and SK ecoplant, South Korea’s leading environmental service provider, have signed a definitive agreement for the acquisition of 100% of TES by SK ecoplant. The transaction values TES at an enterprise value of US$1 billion and is expected to close in Q2 of 2022.

SK ecoplant has long viewed the sustainable IT lifecycle market strategically as a means to help create a zero-waste, zero-pollution circular economy. The acquisition of TES will be a key driver in accelerating its entry into the global market for environmental services. The acquisition will also maximize synergies that both companies have in battery recycling and plastics innovations, as well as broadly accelerate the growth plan for TES’s existing business strategy.

“The acquisition of TES will be a milestone for SK ecoplant to become a leader in the exponentially growing global sustainable IT lifecycle services market,” Park Kyung-Il, CEO of SK ecoplant, said. He added, “The company will continue to invest in companies with high growth potential and innovative technology and pursue M&A activity to become a global-leading environmental solutions provider.”

“TES’s mission is to make a decade of difference by securely, safely, and sustainably transforming and repurposing one billion kilograms of assets by 2030,” said Gary Steele, TES’s Chief Executive Officer. “SK ecoplant’s experience and shared vision of a more sustainable world make them the perfect partner for TES. The commitment represented by SK’s investment reaffirms that, and we couldn’t be more excited about working with them to offer sustainable technology solutions that drive the circular economy.”

Jean-Christophe Marti, the Senior Partner at Navis, commented: “Working with the TES team to help transform the business over the last eight years has been a privilege. Under Navis’s stewardship, TES has grown to become an industry leader with an excellent management team, strong operational processes that have raised the bar for ESG compliance across the industry, and a global network of facilities to serve its blue-chip clients. TES is also ideally positioned to be a key player in the upcoming global energy transition. SK ecoplant, a leader in the Korean environmental services market, is ideally suited to help take TES to the next level.”

About TES

Since our formation in 2005, TES has grown to become a global leader in sustainable technology services and bespoke solutions that help clients manage the commissioning, deployment, and retirement of technology devices and components.

We provide comprehensive services for technology devices throughout their lifecycle — from deployment to decommissioning to disposition — all the way through to recycling and end-of-life repurposing. This includes innovating new processes to leverage the value locked in assets if they are to be recycled, such as our proprietary lithium battery recycling process, which extracts scarce materials from used batteries at purity rates high enough that they can be reused in the manufacturing supply chain.

We have made it our mission to make a decade of difference by securely, safely, and sustainably transforming and repurposing one billion kgs of assets by 2030. Our 43 owned facilities across 21 countries offer unmatched service-level consistency, consistent commercials, lower logistics costs, local compliance experts in-region, support in local time zones and languages, and a deep understanding of transboundary movement globally. For more information, contact Eric Ingebretsen at eric.ingebretse@tes-amm.com or visit www.tes-amm.com.

About SK ecoplant 

Launched in 1977 under the name SK E&C, SK ecoplant possesses the highest levels of technical skills and construction capacity in sectors such as chemical and power plants, infrastructure, construction, and housing. The company recently set its new goal to become a leading global eco-friendly and new energy company that connects the environment, people, and finance through technology, ultimately contributing to sustainable lives for all. For more information, visit www.skecoplant.com/en.

About Navis Capital Partners 

Founded in 1998, Navis manages approximately US$5 billion in private equity capital and focuses on investments primarily in and around Asia. Navis contributes both capital and management expertise to a limited number of well-positioned companies with the objective of directing strategic, operational, and financial improvements. Navis has a long and proven track record in pan-Asian private equity, with over 85 control transactions across the Asian region completed since its establishment. For more information, visit www.naviscapital.com.

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VUV Analytics, Inc Announces the Inclusion of ASTM D8267 in Issue 13 of Def Stan 91-091

CEDAR PARK, Texas, Feb. 21, 2022 (GLOBE NEWSWIRE) — VUV Analytics, Inc. today announced a significant achievement in their international fuels analysis strategy with the news that ASTM D8267 has been added to Def Stan 91-091.* With this publication, ASTM D8267 can now be used to analyze and certify conventional jet fuels and sustainable aviation fuel (SAF) blends, instead of older, more complex, and expensive techniques, such as Florescence Indicator Absorption or FIA (IP 156/ASTM D1319) and High-Performance Liquid Chromatography or HPLC (IP 436/ASTM D6379).

“Publication of ASTM D8267 into the dominant international standard for jet fuel represents a significant step forward in our global VUV Analyzer™ Platform strategy,” said Clark Jernigan, CEO of VUV Analytics. “Since its introduction, our vision has been to provide a platform approach to the analysis of fuels globally and to comprehend future low-carbon fuel needs in the resulting scope.” He continued, “Now that ASTM D8267 has been included in Def Stan 91-091, international laboratories that test and certify jet fuel have yet another reason to implement our platform. We will continue to bring new international standard methods forward like the upcoming ASTM D8368 for Diesel and Biodisel blends that can help our customers reduce overall operating costs and increase productivity.”

Dan Wispinski, Standards Development Manager at VUV Analytics, noted, “Prior to this publication, testing aromatic content of international jet fuel was limited to either FIA or HPLC methods – both of which have changed little in the 50-plus years since their introduction. ASTM D8267 provides a new approach that is fully automated and takes advantage of spectral verification for more confidence in results. Additionally, ASTM D8267 is easier to use and operate compared to the alternatives and does not require complex calibration curves or the need for sample preparation. ASTM D8267 reports in both mass% and vol% so there is no need for a mass% to vol% calibration. Unlike other methods, ASTM D8267 does not require a bias correction for total aromatics and the results of D8267 can be used in ASTM D3338 to estimate the net heat of combustion.  Perhaps most important, ASTM D8267 has better accuracy and precision and covers a wide range of concentrations compared to the alternatives.”

“From an economic perspective, ASTM D8267 is significantly less expensive to operate on a per-sample basis,” said Sean Jameson, Senior Vice President of Business Development. He continued, “When you consider acquisition costs, ongoing consumables and waste costs, and the labor costs required, ASTM D8267 has proven to be 2.5 times less expensive to operate than HPLC and 16 times less expensive to operate compared to FIA on a per-sample basis. Much of this cost difference comes from the need to purchase expensive consumables like hazardous solvents, standards, and sometimes difficult-to-get dyes, as well as the significant labor overhead to run these techniques.”

Learn more about the VUV Analyzer for Fuels and ASTM D8267 at www.vuvanalytics.com.

About VUV Analytics, Inc.

The vision of VUV Analytics is to develop novel solutions and streamlined processes by harnessing the unique capabilities of vacuum ultraviolet (VUV) technology. Virtually every compound absorbs in the vacuum ultraviolet spectrum, which is measured by VUV detectors. Universal VUV spectroscopic detectors provide a new dimension of chemical analysis.  VUV detectors have been designed especially for gas chromatography and streaming gas applications. Learn more at www.vuvanalytics.com.

Contact

Peter J. Boler

Vice President of Marketing

VUV Analytics Inc.

peter.boler@vuvanalytics.com

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Taconic Biosciences® Launches Cage+™, Redefining Colony Management Solutions for the Modern Laboratory

Stewardship Approach Safeguards All Elements of Contract Breeding Services

RENSSELAER, N.Y., Feb. 21, 2022 (GLOBE NEWSWIRE) — Taconic Biosciences, a global leader in providing drug discovery animal model solutions, launched Cage+, a holistic, innovative approach to murine contract breeding services. Cage+ delivers complete stewardship of projects from start to finish, allowing investigators to focus on research with confidence that animal model supply is reliable, at the highest quality, and on budget.

Biomedical and pharmaceutical research has profoundly changed over the past two decades. Studies are more advanced and rapid-paced, compressing the time to produce experimental data required to support well-informed decisions. The novel animal models generated to support these advanced studies have become more complex and precise. Yet, while the contract research service industry has kept pace with biomedical research advancements, the contract breeding industry has remained largely unchanged since the early 1990s. Most providers continue to place the project planning and management burden on investigators, who have neither the time nor expertise to direct service providers on how best to design and manage scaled production of complex animal models.

Taconic’s Cage+ Colony Management Solutions closes the gap between biomedical research program demands and the antiquated approach offered by many contract breeding services. Cage+ employs a holistic approach, combining standard animal breeding and husbandry elements with comprehensive breeding design expertise, project-specific methodology to reduce animal welfare concerns, budget monitoring, and proactive project management and communication. Additionally, this all-encompassing program rapidly expands breeding production through expert-led embryology methods, delivers internationally harmonized animal health standards, and includes the eTACONIC® web-based project management tool, providing users access to colony information 24/7.

Cage+ allows investigators to fully leverage proven expertise in complex model design and breeding to advance research programs. When coupled with Taconic’s Custom Model Generation Solutions, Cage+ Colony Management Solutions brings a comprehensive and seamless “design to management” service, allowing clients to leverage the most complex genetically engineered models from initial design through to scaled production of study cohorts.

“Researchers should demand better from contract breeding service providers, and this view is the driving factor behind our Cage+ stewardship-based approach to colony management solutions,” said Dr. John Couse, vice president, scientific services. “With Cage+, researchers will view Taconic as an extension of their team, leveraging the collaboration of scientists and experts. Our approach allows investigators to focus their time, energy, and resources on research while trusting their custom model animal development and production to Taconic.”

To learn more about how Cage+ can improve your colony management experience and outcomes, please call 1-888-TACONIC (1-888-822-6642) in the US, +45 70 23 04 05 in Europe, or email info@taconic.com.

About Taconic Biosciences, Inc. 
Taconic Biosciences is a fully-licensed, global leader in genetically engineered rodent models and services. Founded in 1952, Taconic provides the best animal solutions so that customers can acquire, custom-generate, breed, precondition, test, and distribute valuable research models worldwide. Specialists in genetically engineered mouse and rat models, microbiome, immuno-oncology mouse models, and integrated model design and breeding services, Taconic operates laboratories and breeding facilities in the US and Europe, maintains distributor relationships in Asia, and has global shipping capabilities to provide animal models almost anywhere in the world.

Media Contact: 
Aidan Bouchelle
Associate Director, Marketing Operations
1-518-949-7598
Aidan.Bouchelle@taconic.com

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LINE FRIENDS to Change Its Corporate Name to IPX, the Digital IP Platform Starting Off the Metaverse and NFT Digital IP Business

LINE FRIENDS announces new corporate name ‘IPX’ as a Digital IP Platform

LINE FRIENDS announces new corporate name ‘IPX’ as a Digital IP Platform

SEOUL, South Korea, Feb. 21, 2022 (GLOBE NEWSWIRE) — Global creative studio LINE FRIENDS announced that they are changing its corporate name to ‘IPX,’ a ‘digital IP platform’ company, officially entering the digital IP based metaverse and NFT business.

Seven years since its establishment, LINE FRIENDS is taking on a new corporate identity for a digital and virtual IP oriented business transformation, beyond offline retail businesses. Now as IPX, the company will expand with a focus on the global fandom based digital IP business ecosystem, leading the metaverse generation. Specifically, IPX will emphasize the ‘IP eXperience,’ and deliver the company values of various IP oriented joy in digital lifestyle to the Millennials and Generation Z. The name ‘LINE FRIENDS’ will remain effective for its Original Characters IPs, offline stores, and its subsidiaries.

Separating itself from LINE Corp. in 2015, LINE FRIENDS initially focused on developing its offline retail business. However, through a rapid digital transformation strategy prior to the pandemic, LINE FRIENDS broadened its business in character IPs from merchandise to life-like IPs as dynamic virtual influencers. Through shifting offline stores virtually, LINE FRIENDS also succeeded in expanding its digital brand experience and strengthening its online commerce, transforming into a digital IP business. In the process, the company’s total IP transactions reached around USD 833 million last year with around 28% CAGR in total IP transactions since 2016, and a 31% increase in online sales compared to 2019, despite the pandemic.

Recently, IPX unveiled ‘FRENZ,’ a new IP generating platform where users can create their own character IPs reflecting their own personality and taste, that can be expanded into other metaverse and NFT services, officially beginning its character centered digital IP entertainment business. IPX, through strategic partnerships and investments with other platforms and service companies in metaverse and NFT business, will continue to support the growth of ‘FRENZ.’

To secure diverse IPs, IPX will discover promising IP holders in fostering high growth potential IPs. For the overall digital IP market, IPX will implement a business support program for their IPs’ commercial and license businesses, and even expansion into digital areas such as metaverse services and NFT games. Much like BT21, WDZY, TRUZ and other IPs, IPX also plans to launch the new virtual character IPs in collaboration with global artists in fashion and entertainment industry, continuing its expertise and creative capabilities in virtual character IP, developing afresh virtual IPs and joining hands with partners in various industries, including entertainment and gaming.

“IPX’s creative capabilities and unique moves continue to break the framework of the existing character business, shifting from retail oriented to digital business and targeting over 40 million fandom worldwide including Millennials and Generation Z,” said James Kim, CEO of IPX. “With this change of corporate name, IPX will pioneer new metaverse and NFT businesses with its competitive IPs to build the digital IP business ecosystem that allows anyone to create and share their own character IPs, leading the ‘digital IP entertainment business.’”

About IPX (FKA. LINE FRIENDS)

IPX is a new corporate name of LINE FRIENDS, a global character brand that originally started from Original Characters including BROWN, CONY, SALLY created for use as stickers for the leading mobile messenger app LINE and its 200 million active users worldwide. Upon rapidly transforming its offline business to digital, the total Intellectual Property (IP) transaction reached USD 883 million in 2021, and IPX announced itself as a ‘digital IP platform’ company to enter the digital IP based metaverse and NFT business.

IPX officially began its digital IP entertainment business by unveiling ‘FRENZ,’ a new IP generator platform where users can create their own character IPs and further use them expanding into metaverse and NFT services. Through strategic partnerships and investments with blockchain gaming, NFT, and metaverse companies, IPX will continue to expand its own technology and expertise. Moving forward, IPX will collaborate with global artists from the fashion and entertainment business in developing new influential virtual IPs, as well as discovering promising IP holders and fostering them to expand their scope in digital IP business areas such as NFT, leading the digital IP centered metaverse generation.

IPX has created popular IPs – ‘BT21’ (BTS), ‘WDZY’ (ITZY), ‘TRUZ’ (TREASURE) – and expanded its IP-based business by partnering with global media and game companies including Netflix (original animated series), SUPERCELL (Brawl Stars) and NEXON (KartRider), further diversifying and strengthening its competitiveness in digital contents. Recently, IPX opened its first ever virtual store on the global metaverse service, ‘Play Together’ and expanded the boundaries of its popular IPs to virtual character influencers to win the hearts of Millennials and Generation Z worldwide. IPX currently operates in 15 markets worldwide including Seoul, New York, LA, Tokyo, and Shanghai, and also operates in 15 online sales platforms.

Media Contact:

Sage Park, Account Manager, Ketchum
Tel: +822-5599-622
Email: sage.park@ketchum.com

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Clubessential Holdings Announces International Acquisition of Innovatise

Innovatise’s myFitApp member app solution is an essential marketing tool for gyms

Innovatise

Innovatise

CINCINNATI, Feb. 21, 2022 (GLOBE NEWSWIRE) — Membership-management software company, Clubessential Holdings, announced the acquisition of Innovatise, the company behind myFitApp, the leading member app and hybrid business platform for gyms and fitness studios. Already a major provider of membership- and club-management SaaS solutions for boutique fitness franchisors, under its ClubReady brand, and enterprise-fitness operators under its Exerp brand, this acquisition strengthens Clubessential Holdings’ product portfolio and international presence serving over 6,000 fitness clubs, and 7 million members, in 17 countries.

“The digital member experience, especially in the form of hybrid fitness offerings, and the ability for gyms to easily market to members have become essential to gyms’ success,” commented Randy Eckels, CEO of Clubessential Holdings. “Innovatise’s myFitApp branded member-app platform allows members to access live streaming and on-demand fitness classes. These solutions transform the member experience of any membership- and club-management solution and give gym operators the marketing tools to succeed.”

Headquartered in Germany, and with over 2,300 gyms across the globe, Innovatise is advancing its technology to meet the evolving member and operational needs of the world’s top fitness brands. Fitness businesses need tools to deliver outstanding user experience and a marketing platform to acquire and retain customers. To meet this need, Innovatise has developed an integrated marketing, commerce, and hybrid platform comprising branded mobile apps, integrated member experiences with self-service, booking, payment, content, access control, messaging and digital fitness. These solutions provide a powerful addition to fitness platforms, enabling studios and operators to connect with and provide hybrid fitness classes to their members at home.

“The gym market is rapidly growing and evolving,” commented Thomas Schuster, CEO of Innovatise, “As part of Clubessential Holdings we’ll build on the rapid growth we experienced in 2021 and accelerate, not only in Europe but around the world.”

Clubessential Holdings was established in 2016 with a vision to acquire and grow category-leading, membership-management software companies; unlock the power of a shared, integrated-payments platform; and fully digitize their customers’ and members’ experiences. Clubessential Holdings is focused on providing industry-leading technologies and services, as well as committed to growth in the European market.

Clubessential Holdings LLC

Clubessential Holdings is fulfilling their global mission of investing in and creating cutting-edge, category-defining businesses by providing a full suite of membership and club management Software as a Service solutions to private clubs, public clubs, health & fitness clubs, military organizations, municipalities, and college athletic programs. Across six brands – Clubessential, ClubReady, Exerp, foreUP, PrestoSports, and Vermont Systems – the company offers a variety of forward-thinking technology and services which help more than 10,000 customers attract, engage, and retain members and fans for life. For more information, visit the following websites: clubessential.com, clubready.com, exerp.com, foreupgolf.com, prestosports.com, and vermontsystems.com.

Innovatise

Innovatise is the developer of myFitApp, an open, hybrid fitness platform gyms & health clubs use to communicate their brand, retain members, acquire new ones and deliver digital fitness using the unique power of mobile. With over 2,300 gyms and over 10M App downloads worldwide, we are leaders in providing marketing-focused, branded apps for gyms, particularly in the UK and DACH. Our UK customers include GLL, Everyone Active, Bannatyne and Gymbox. In DACH our customers include JustFit, Fitnessloft, Elixia, Smile X and PureGym. To learn more, visit www.myfitapp.com. Follow on LinkedIn and Facebook.

CONTACT:

Marilyn Cox
Chief Marketing Officer
Clubessential Holdings, LLC
513.322.4194
mcox@clubessential.com

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