Lionbridge Signs 3-Year Master Services Agreement with Philips as Premier Global Translation Services Provider

WALTHAM, Mass., Sept. 19 /PRNewswire-FirstCall/ -- Lionbridge today announced that it has signed a master services agreement with Royal Philips Electronics , a global leader in healthcare, lifestyle and technology products, as a preferred translation services partner. Lionbridge has been a valued provider for over 10 years to several Philips divisions including Philips Medical Systems. This agreement formalizes the relationship between Lionbridge and Philips and expands the breadth of Lionbridge services both within the Philips Medical Systems division and across the broader family of Philips businesses.

"This agreement with Lionbridge reflects the value of our 'Towards One Philips' initiative which allows us to harmonize our processes, resources and systems and select strategic providers who can deliver the most innovative, global, and cost effective solutions," said Vlatka Sunjka, Director Professional & Personnel Services, Philips General Purchasing. "By working with Lionbridge we can implement a solution that meets our strategic procurement goals while also addressing the local needs of Philips businesses worldwide. Lionbridge's global scale and proven capability were integral to our decision. Additionally, Lionbridge gives us the benefits of a technology- enabled, managed service model. This, combined with the team's unparalleled commitment to quality, allows us to effectively service our customers worldwide while reducing costs."

Lionbridge provides Philips with an array of multilingual content services including internationalization, XML consulting, localization of software, online support and documentation, and interpretation services across more than 23 languages.

"Philips' selection of Lionbridge is another example of the value we bring to multinational corporations that need to harmonize processes while serving customers worldwide," said Rory Cowan, CEO, Lionbridge. "By integrating our market leading localization capabilities into the Philips enterprise, Lionbridge offers a complete managed service model for multilingual content. As a result, Philips gains a flexible and reliable solution for managing global content while reducing costs."

Royal Philips Electronics of the Netherlands is a global leader in healthcare, lifestyle and technology, delivering products, services and solutions through the brand promise of "sense and simplicity." Headquartered in the Netherlands, Philips employs approximately 124,300 employees in more than 60 countries worldwide. With sales of USD 34 billion (EUR 27 billion) in 2006, the company is a market leader in medical diagnostic imaging and patient monitoring systems, energy efficient lighting solutions, personal care and home appliances, as well as consumer electronics. News from Philips is located at http://www.philips.com/newscenter.

About Lionbridge

Lionbridge Technologies, Inc. is a leading provider of globalization and testing services. Lionbridge combines global onshore, near shore and offshore resources with proven program management methodologies to serve as an outsource partner throughout a client's product and content lifecycle - from development to globalization, testing and maintenance. Global organizations in all industries rely on Lionbridge services to increase international market share, speed adoption of global products and content, and enhance their return on enterprise applications and IT system investments. Based in Waltham, Mass., Lionbridge maintains solution centers in 25 countries and provides services under the Lionbridge(R) and VeriTest(R) brands. To learn more, visit http://www.lionbridge.com/.

Lionbridge, Freeway, and Logoport are trademarks or registered trademarks of Lionbridge Technologies, Inc. in the U.S. and throughout the world. All other trademarks are the property of their respective owners.

Contact: Aaron Dun Jason King Lionbridge Lois Paul & Partners (781) 434-6158 (781) 782-5793 aaron.dun@lionbridge.com jason_king@lpp.com