Philips Includes Regulatory Risk Statement about Ozone Cleaning Systems in Q1 Earnings Statement

“Philips has determined from user reports and testing that there are possible risks to users related to the sound abatement foam used in certain of Philips’ sleep and respiratory care devices currently in use. The risks include that the foam may degrade under certain circumstances, influenced by factors including use of unapproved cleaning methods, such as ozone [citing Potential Risks Associated With The Use of Ozone and Ultraviolet (UV) Light Products for Cleaning CPAP Machines and Accessories: FDA Safety Communication], and certain environmental conditions involving high humidity and temperature,” the lighting giant told stakeholders in its Q1 earnings statement released…