Ajit does have a history with Philips.. could be decent speculation.

"Open innovation

In order to fulfill our ambition, it is crucial that we work together with companies that are complementary to Philips and share our vision. Philips Research, as one of the pioneers of open innovation, is actively leveraging its deep competences, know-how and IP to work with selected companies and organizations with the purpose of creating win-win propositions. This entails working with potential strategic partners, future suppliers of our businesses, and with companies that provide us with a broader window on the world."