Philips announced Friday that it has shut down Philips Pronto

Philips announced Friday that it has shut down Philips Pronto, its universal remote control division.

The company released the following statement:

"In December 2009, Philips announced the intention to relocate some of its existing remote control activities in Leuven, Belgium to Asia. At the same time, the intention was communicated to investigate alternative strategic options for the Pronto business, as this activity no longer fits with the Philips strategy. Following thorough research, no suitable partner was found for the acquisition of these activities. As such, Philips confirms today that it will discontinue the Pronto product line and related activities."

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