2020-08-14

Signify to Close Production Facility in Kansas, US and Move to Poland and India

Dutch lighting company Signify is planning to close its production facility in Salina, a city in Kansas, U.S., reported local news “Salina Post.” (Image: Signify) The production facility in Kansas manufactures conventional lighting products. As the demands continues to decline, Signify said it will leverage economies of scale and improve efficiencies by relocating the production of conventional lighting products to its facilities in Poland and India. The company will gradually start the transition and plans to close the facility in Kansas in the second ...
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2020-08-11

LED Horticultural Lighting as Enabler of Sustainable Food Production, Says Signify

Global warming, climate changes and increasing world population are posing threats to the planet we are living on and putting pressure on food security. Leading lighting supplier Signify recently shares its viewpoint of how horticulture lighting based on LED technology can be an enabler for sustainable alternative food production. Signify suggests that using artificial lights in horticulture is one way to increase demand without driving up the resource usage. Grow lights can either supplement natural daylight or replace it entirely. Using them creates a controlled farming envi...
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2020-07-24

Signify Maintains Profitable in 2Q20 and Increases UVC Light Capacity

Signify announced the company’s 2020 second quarter results with sales of EUR 1.469 billion (US$ 1.7 billion). Comparable sales decreased by 22.5% due to the COVID-19 impact. However, the company still managed to maintain a profitable adjusted EBITA margin of 9%. (Image: Signify) The company also reported a net income of EUR 81 million (US$ 94.03 million) which increased by 61.5% YoY as a result of lower restructuring costs and one-time non-cash tax benefits from changes in the organizational structure. LED-based sales accounted for 80% of total ...
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2020-06-22

Signify to Connect Half Million Smart Streetlights in New York

Signify announced its partnership with the New York Power Authority (NYPA) to support the Smart Street Lighting NY project of the state. The Smart Street Lighting NY program was launched in 2018 with the aim to replace streetlights in New York State. Signify is going to provide its Interact City IoT lighting system to connect LED luminaires and further help cities of the state to reduce their energy consumption and carbon footprint. To date, more than 50,000 LED streetlights have been installed or are currently being installed under the program. (Im...
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2020-06-17

Signify’s UVC Lights Validated by Boston University to Effectively Inactivate COVID-19 Virus

Signify collaborated with the National Emerging Infectious Diseases Laboratories (NEIDL) at Boston University in the US on a research that validates the effectiveness of Signify’s UVC light sources on the inactivation of SARS-CoV-2, the virus that causes COVID-19. Since the start of the SARS CoV-2 pandemic, Dr. Anthony Griffiths, Associate Professor of Microbiology at Boston University School of Medicine and his team have been working on developing tools to support scientific advancement in this field. During their research they have t...
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2020-06-10

Aquaculture LED Lighting to Optimize Growth Results and Reduce Sea Lice Treatment

LED lighting not only supports and optimize the growth of plants, it can also help fish farming. Signify announced its latest innovation in aquaculture LED lighting with related product that improve land- and marine-based cultivation of salmon, seabass and seabream. The unique light distribution also lead to less exposure to sea lice, reducing treatment up to 50%. According to Signify, light is a powerful tool for enhancing fish production and welfare. With an optimized contrast ratio, Philips aquaculture LED lighting supports a lower food conversion ratio and the right lig...
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2020-06-08

Signify Sets Another Sustainable Goal to Cut Plastic Package for Consumer Product by 2021

Signify has committed to its sustainable goals including reducing carbon emission and achieving circular economy. Last week, the Dutch Company further announced another target to eliminate plastic usage in packaging. Signify announced that it will now start phasing out all plastics from packaging for consumer-related products with the aim to be plastic-free in 2021. By phasing out plastic used for consumer product packaging, Signify will avoid the use of over 2,500 tonnes of plastics per year. This is equal to 125 million PET bottles which, placed in a row, would stretch more t...
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2020-05-26

Signify to Appoint New CFO Francisco Javier van Engelen Sousa

Signify announced the appointment of Francisco Javier van Engelen Sousa as Chief Financial Officer (CFO), succeeding René van Schooten, who currently holds the position on an interim basis. The appointment will become effective on June 15, 2020. Javier most recently held the position of CFO for Grupo Telepizza, a food operator, ultimately leading the process to take the company private in 2019. Signify will propose the appointment of Javier van Engelen to the Board of Management at an Extraordinary General Meeting of Shareholders (EGM), to be h...
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2020-05-25

Signify to Meet New EU Ecodesign and Energy Labeling Regulations with Its Lighting Products

Signify announced that its lighting portfolio will meet the new EU Ecodesign and Energy labeling regulations, which will affect all lighting products in the EU Member States from September 2021 onwards. The new regulations are representative of the enormous transition that has taken place in the lighting industry. (Image: Signify) The new Ecodesign regulation combines the current three EU regulations on lighting into one. It introduces stricter energy efficiency requirements. Together with the new regulation on Energy Labeling it means that the energy labels for al...
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2020-05-18

Signify Debuts Sky-mimicking Lighting to Enhance Human’s Wellbeing

Signify launched its new lighting product based on the concept of Human Centric Lighting, NatureConnect, which is built on proven biophilic design principles, usint elements of nature in interior spaces to create healthy, engaging and inspiring environments.   (Image: Signify) It is suggested from several researches that exposure to the right amount of light during the day, as well as the colors and dynamics from nature helps to improve people’s physical and psychological wellbeing. But the modern life style often leads to lack access to enough daylight, resulting...
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2020-05-04

Tridonic Appoints New CEO; Signify Announces EUR 1.275 Billion Eurobonds

Tridonic, the lighting technology company of the Zumtobel Group, welcomed its new CEO on May 1, 2020. Meanwhile, Dutch lighting company Signify report the pricing of its Eurobond to refinance the bridge loan for the acquisition of Cooper Lighting. Hugo Rohner has become the Chief Executive Officer (CEO) of Tridonic of the Austria based Zumtobel Group. Hugo Rohner is an internationally experienced manager in the fields of digitalisation and IoT (Internet of Things) and was most recently the CEO of the Skidata Group in Salzburg. He will reports directly...
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2020-05-04

Signify Partners RIAT to Grow Tomatoes and Cucumbers in a Vertical Farm without Daylight

Signify has teamed up with Russian innovative farming company RIAT to pioneer the growing of tomatoes and cucumbers in a vertical farm without daylight. During the research phase in 2019, RIAT achieved a yield comparable to advanced traditional greenhouses using Philips GreenPower LED grow lights. To cultivate tomatoes and cucumbers that require intensive lighting vertically without the exposure of daylight, sufficient lighting system is critical. Signify supplied its LED grow lights to the Russian company to help it achieving a yield performance comparable to tradit...
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2020-04-24

Signify Post 1Q20 Financial Results with Increased Cash Flow to Mitigate COVID-19 Impact

Signify announced the company’s first quarter 2020 results with sales amounted to EUR 1.43 billion (US$ 1.53 billion), down by 3.5% YoY. With adjusted for 1.3% currency effects and 10.6% consolidation (mainly related to the acquisitions of Cooper Lighting and Klite) and other changes, comparable sales declined by 15.3%. LED-based sales represent 78% of total sales. The adjusted gross margin increased by 50 bps to 38.2%, including a negative currency effect of 10 bps. Adjusted indirect costs decreased by EUR 4 million (US$ 4.295 million). The Adjusted EBIT...
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2020-04-23

Signify Reports Its Response to Coronavirus during COVID-19 Crisis

Signify, the world’s largest lighting company, recently suspended its 2020 financial outlook and cut 20% wage of its employees in response to the COVID-19 pandemic. On April 22, the company further published a press release explaining its perspective of the crisis. Stephen Rouatt, Signify’s Head of Strategy, Alliances and Market Insights, looks at the economic impact of the coronavirus pandemic Rouatt said that the impacts on the global economy caused by COVID-19 will likely to continue until 2021 depending on how governments around the world contain th...
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2020-04-17

Signify and NEMA Highlight the Essentiality of Lighting during COVID-19 Crisis

The National Electrical Manufacturers Association (NEMA) in the U.S. and lighting company Signify published press releases to state the importance of lighting under the threat of COVID-19 pandemic. (Image: Pixabay) NEMA and members of its Lighting Systems Division addressed that lighting and lighting system manufacturers are essential businesses and requested that all government agencies should exclude lighting and lighting systems device manufacturers from stay-home policy to fully support the requirement of public’s needs for lit, safe, and secure envi...
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2020-03-27

COVID-19 Impacts: Signify Suspends and Infineon Withdraws Fiscal 2020 Outlook

More companies published their response to the impacts resulted by coronavirus pandemic. Signify announced several measures of the company including suspending its fiscal 2020 outlook postponing Capital Market Day. Infineon Technologies reported withdrawal of its business outlook of fiscal 2020. (Image: Pixabay) Signify said that it has taken considerable action focused on the health and safety of its employees, on customer engagement and supply chain continuity and on free cash flow generation and operating expenses. The company also decided to suspend its financial outlook...
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2020-03-27

UV Technology Experts Help to Combat COVID-19 with Their UVC Disinfection Products

The novel coronavirus (COVID-19) is threatening all over the globe with continuously surging cases in nearly every countries. In order to reduce the risks of infection, disinfecting applications utilizing UVC radiant have attracted attentions in both the medical and consumer market. UV light solution providers across the world are offering their expertise to help medical institutions eliminating bacteria and viruses to prevent healthcare-associated infections. Bolb, the U.S.-based UV LED company, provided their UVC LED products to decontaminate infectious disease...
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2020-03-26

Signify Upgrades Sensor Ready LED Driver with New D4i Standard for IoT Applications

Signify launched the upgraded portfolio of compact Philips Xitanium Sensor Ready Xtreme LED drivers with the recently granted D4i certification for wider adoption of IoT connectivity in lighting and aid smart city or building projects. (Image: Signify) By Q2 2020, Signify will also upgrade the complete non-isolated Philips Xitanium Dimmable Sensor Ready drivers portfolio for indoor applications to the new D4i standard, to facilitate the rapid market adoption of energy-saving technologies and drive standardization. Launched by the Digital Illumination Inter...
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2020-03-23

Signify will Not Join Light + Building in September

The threat of the ongoing coronavirus epidemic continues to affect the industry. Companies have cancelled events, shut down facilities and adjusted their business outlook for the year to not only prevent their employees, clients and partners from infection but also evaluate. Signify, the first lighting company who announced withdrawal of Light + Building 2020 before the organizer postponed the event, again noted that it will not participate in the world biggest lighting event which was moved to September 2020. According to EdisonReport, who covered the news that Signify wil...
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2020-03-19

Affected by Coronavirus, Signify to Increase Price on Its LED and Lamp Products

The world’s biggest lighting company, Signify, announced to its customers that it will raise price on all LED and lamp electronics as the cost in its logistics chains keep rising due to coronavirus spread. Signify sent a letter to its customers in the U.S. noting that the company is treating the coronavirus epidemic as a force majeure event which had led to considerable additional costs in its logistics chain. As a result, the company is going to charge a temporary increase of 3% on all LED electronics (including Emergency products), and Lamp electronics (Magnetic a...
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2020-03-17

Cologne Becomes Germany’s First Smart City with Connected Lighting System from Signify

85,000 lights points in the city of Cologne, Germany, are connected with Signify’s Interact City lighting management system to make the city smarter. The installation is expected to increase the city’s energy efficiency and reduce costs while improve the safety and quality of life of the citizens. The system can also accommodate the integration of sensors into the luminaires, providing data that offer environmental benefits that go beyond lighting. RheinEnergie, which is responsible for the city’s lighting, will replace all the light points with connected luminaire...
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2020-03-13

Signify to Improve Office Lighting with New IoT Sensor Bundles with Its Interact Office

Signify launched new Philips IoT sensor bundles that collect and deliver data via the Interact Office connected lighting system and Environmental monitoring API’s. The new sensors that are being launched enable businesses to monitor their office environment and optimize conditions for employee health and wellbeing. (Image: Signify) The new sensor bundles can monitor occupancy, the number of people, temperature (at room and at desk level), noise levels, daylight levels, relative humidity and are Bluetooth enabled, to provide indoor positioning and navigation capabil...
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2020-03-04

Signify Completes Acquisition of Cooper Lighting Solution and Expands Solar Lighting with Its Hybrid Charging Technology

Signify announced that it has completed the acquisition of Cooper Lighting Solutions from Eaton on March 2, which follows the schedule set by the two companies. Signify also introduced its new integrated charge controller which enable solar-powered lighting. Signify reported the purchase of Cooper Lighting Solutions from Eaton in October 2019 for US$ 1.4 billion with the aim to strengthen its market position in the North American lighting market. (Image: Pixabay) Meanwhile, the Dutch company launched the new integrated Philips Combo Charge Controller which e...
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2020-03-03

Signify to Provide Horticulture LEDs to Europe’s Largest Vertical Farm

Signify announced its expanded partnership with Planet Farms, a European operator of vertical farms based in Italy. With the latest agreement, Signify will provide its horticulture LEDs and management system to Europe’s largest vertical farm to boost the quality and yield of the crops. The updated collaboration will enables Planet Farms to produce and deliver aromatic herbs and lettuce to its customers in Italy all year round. (Image: Signify) Signify has also reached an agreement to provide horticultural LED grow lights to an additional five vertical farms t...
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2020-02-26

Signify Launches Streetlights Designed for Circular Economy

Signify announced new products, two street luminaires that meet the requirements of a circular economy and can be connected to City Management Systems such as Interact City. Signify is developing products, systems and services for a circular economy to meet the increasing demand for sustainable technologies. (Image: Signify) Signify has been a proactive industry player to reach sustainable goals. The company recently announced that 82.5% of its revenues came from energy efficient products, systems and services. It also achieved carbon neutrality in the market in Latin Ame...
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2020-02-24

Signify to Withdraw from Light + Building 2020

Signify announced that it will not participate in Light + Building 2020 due to “health risks posed by the coronavirus.” Light + Building, the world’s biggest biannual fair of the lighting and building industry, will be taking place as planned during March 8 to 13, announced by its organizer Messe Frankfurt last week. Even though the organizer addressed the minor opportunity of getting infected with the coronavirus, Signify, the world’s biggest lighting company, decided not to participate in Light + Building this year. Eric Rondolat, CEO of Si...
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2020-02-20

Connected Lighting Solution Enable Marks & Spencer to Improve Store Management and Reduce Operation Costs

Signify announced at EuroShop 2020 its further step in the Retail IoT space through the launch of Interact Retail multisite management – a cloud-based, connected lighting system designed for multiple stores and retail distribution centers. The system will be adopted by UK retailer Marks & Spencer (M&S). (Image: Signify) The new features make it possible to create a network of connected stores, helping s the retailer to create and manage uniform light schedules for its stores from a single dashboard. The retailers can thus define scenes and schedules on ...
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2020-02-14

Signify Supplies Football Lights with Less Impacts on Natural Lives for Red Bull Football Academy

The training grounds of the Red Bull Football Academy in Salzburg, Austria have been outfitted with environmentally friendly floodlights from Signify and STICH. Providing their students with superior training in optimal conditions is their number one goal, but the academy also sought a way to carry on late-night and early-morning trainings that weren’t disruptive to the nocturnal creatures populating the surrounding area. (Image: Signify) Artificial light from outdoor facilities often create light pollution for nocturnal animals and insects, altering the night...
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2020-02-06

Signify Helps Hotels Save Energy and Enhance Guest Experience with Advanced Lighting System

Signify introduced its Interact Hospitality lighting system to help the hospitality industry achieving the challenge of reducing carbon emission. To find out how the lighting system works, Signify collaborated with Cundall, a sustainability consultant, and indicated that the system can deliver significant energy savings without compromising on quality and guest comfort. (Image: Signify) The hotel industry faces the challenge to cut down its carbon emissions by 66% by 2030 and 90% by 2050 to stay within the 2˚C threshold agreed at COP21, a United Nations Climate Change...
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2020-02-03

Signify Reports 4Q19 and 2019 Financial Results with Growing LED Business

Signify published its fourth quarter and full-year 2019 financial results on January 31. The Dutch company reported full-year sales of EUR 6.2 billion (US$ 6.87 billion) which decreased by 4.6% YoY decrease but improved in profitability by 30bps to 10.4%. Its LED-based sales grew by 1.4%YoY, representing 78% of its sales. For 4Q19, Signify, registered sales for EUR 1.75 billion (US$ 1.94 billion) which improved by 1.4% compared to 4Q18. The adjusted gross margin increased by 30 bps to 37.8%, including a positive currency effect of 30 bps. Adjusted EBITA am...
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Streetlights and high-bay fixtures require high flux and efficacy to meet the ever increasing demands for system efficiency and energy cost reduction for these applications. Today, LUXEON 5050 LEDs received an upgrade in both flux and efficacy... READ MORE

The recent outbreak of COVID-19 has prompted the large-scale search for practical solutions that can prevent the spread of the deadly virus — from researchers and scientists committed to finding a solution, to the manufacturers and consu... READ MORE