Philips Natuurkundig Laboratorium Diepeveen built an error-correcting coder-decoder that was delivered in the summer of 1978. The decoder was included in the CD prototype player that was presented to the international press. To commemorate this breakthrough, Philips received an IEEE Milestone Award on March 6, 2009. This breakthrough was also appreciated by Sony and they started a cooperation with Philips that resulted in June 1980 in a common CD system standard. Philips as a whole took a turn for the worse and by the end of the 1980s bankruptcy seemed a very real possibility. Under research director Kees Bulthuis the position of long-term
CD player 1983 Philips, at the US and European launch of the CD format, showcased the first top loading CD tray designs with their CD100 CD player. (Philips audio products were sold as Magnavox in the US at the time.) The design had a clamp on the lid which meant the user had to close this over the CD when it was placed inside the machine. Later, Meridian introduced their MCD "high end" CD player, with Meridian electronics in the Philips CD100 chassis. Top-loading was adopted on various equipment designs such as mini systems and portable CD players, but among stereo component