PKS Holdings Limited announced it has renewed and amended its ongoing Software License and Maintenance Agreement with Philips Nederland B.V. ("Philips") for the PKS RippleDown CDS Software. The Agreement extension is forecasted to be in excess of €1.5 million (AUD 2.34 million) and has been signed with a backdated effective date of 1 September 2020. The Renewal Agreement will see Philips offer the PKS' RippleDown product as an integral part of their newly developed clinical software platform. The term is extended to 30 August 2025 and includes automatic 1-year renewal periods.