Their website has changed it used to say:
Quote:
iRex Technologies and Philips Electronics have a long term development relationship. We also have a patent and licensing agreement. We cooperate in the field of business development support.
iRex Technologies is based on the High Tech Campus in Eindhoven, The Netherlands. There is a close cooperation with Philips Home lab, and Philips AppTech Leuven. Philips Electronics has no formal share position in iRex Technologies BV.
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As shown by "the archive" grab from 2006:
http://web.archive.org/web/200606180...es.com/faq.htm
Obviously however Philips may have bought some of iRex since that grab was taken.
--edit, on further investigation this was stated explictly on their website up until the end of 2007 at which point the archive stopped archiving the iRex website.