2018-05-16

Philips Lighting Officially Becomes Signify

Philips Lighting today announced that the Annual General Meeting of Shareholders (AGM) adopted the proposal to amend the articles of association of the company to change its name from Philips Lighting N.V. to Signify N.V.
Continue reading
2018-05-15

Philips Lighting Completes Cancellation of 2.2 Million Shares

Philips Lighting has completed the cancellation of 2.2 million shares that it repurchased from Royal Philips in February 2018 for an aggregate amount of EUR 71 million.
Continue reading
2018-05-15

Philips Lighting Share Repurchase Periodic Update

Philips Lighting announced that it has repurchased 338,652 shares in the period May 7, 2018 to May 11, 2018. The shares were repurchased at an average price of EUR 26.26 per share and an aggregate amount of EUR 8.89 million.
Continue reading
2018-05-14

Philips Lighting Acquires Chinese Urban Lighting Company LiteMagic Technologies

Philips Lighting announced it has entered into an agreement to acquire Shenzhen LiteMagic Technologies Co., Ltd., a Chinese manufacturer and seller of lighting luminaires and control systems for urban and façade lighting.
Continue reading
2018-05-14

Philips Lighting Launches Cloud-based App Enabling Architectural Lighting Management

Philips Lighting launched a new cloud-based Scene management app that enables businesses to quickly and effortlessly change a building’s architectural lighting using your smartphone or tablet. The app, specially designed for use on smart devices, further illustrates the company’s leadership in connected lighting and lighting for the Internet of Things.
Continue reading
2018-05-11

Smart Home Lighting Gets Smarter with Major Philips Hue App Update

Philips Lighting will roll out a major update to its Philips Hue app for iOS and Android-based devices this month. Consumers will enjoy new features as well as enhancements of existing app capabilities, so they can easily and quickly personalize and control the Philips Hue lighting system for the home.
Continue reading
2018-05-08

Philips Lighting Share Repurchase Periodic Update

Philips Lighting announced that it has repurchased 154,000 shares in the period May 2, 2018 to May 4, 2018. The shares were repurchased at an average price of EUR 26.54 per share and an aggregate amount of EUR 4.09 million.
Continue reading
2018-05-02

Philips Lighting Starts Share Repurchase Program of Up to 1.5 Million Shares to Cover Performance Share Plans

Philips Lighting announced the start of a program to repurchase up to 1.5 million of its own shares. Philips Lighting will use the shares to cover obligations arising from its long-term incentive performance share plan and other employee share plans.
Continue reading
2018-04-29

Philips Lighting’s First Quarter Results 2018

Philips Lighting announced the company’s 2018 first quarter results. “As previously indicated, the first quarter marks a soft start to the year, mainly due to a weak performance in Home, most notably in the United States. Our other three businesses further improved their operational profitability, particularly Professional which increased its adjusted EBITA margin by 310 basis points,” said Eric Rondolat, CEO of Philips Lighting. “I am pleased with the progress made on the cost side with a 13% reduction in our indirect cost base, and with our free cash flow performance after a strong fourth quarter. Our focus remains on implementing our strategy toward the shift to LED, Systems & Services.”
Continue reading
2018-04-18

Skyscrapers in Chinese City Become Giant Works of Art with Smart City Lighting

Philips Lighting has completed a large-scale project that uses connected LED architectural lighting to illuminate the facades of 37 buildings, along a 9.2 km stretch of road in the city center of Ningbo, China. The project, one of the largest of its kind, is aimed at boosting the city’s cultural heritage and tourism, as well as stimulating commercial activities in the city center. It also illustrates the company’s position as the lighting company for the Internet of Things.
Continue reading
2018-04-18

Philips Lighting Unveils New Philips GreenPower LED Toplighting Light Recipe for European Market at Rose Event

Philips Lighting unveiled its new Philips GreenPower LED toplighting with a light spectrum optimized for cut rose cultivation at an event of the Philips Rose Expertise Group. The new GreenPower LED toplighting with cut rose spectrum allows growers to increase light levels year-round without increasing heat. During extensive trials undertaken by research institutes Delphy and Wageningen University, and monitored by experienced rose growers, the new lighting with cut rose spectrum improves the quality of the roses and is 40% more energy efficient compared to high-pressure sodium (HPS) lighting.
Continue reading
2018-04-17

Philips Lighting Appoints Alok Ghose as Market Leader for ASEAN

Philips Lighting announced the appointment of Alok Ghose as the Market Leader for ASEAN. Mr Ghose, who was previously Managing Director and Cluster Leader for Singapore, Malaysia and Exports, now leads the operations and the transformation in lighting for the Internet of Things within ASEAN.
Continue reading
2018-04-11

HK Lighting Fair 2018: Lighting Marches into the Era of IoT

Connectivity technologies and networking systems grow hand in hand with smart lighting. Bluetooth mesh networking, Wi-Fi, and other IoT technologies become a major smart lighting driver. The Asian Lighting Forum 2018 gathered experts and industry professionals to discuss the daily-life applications of smart lighting, connected systems and IoT.
Continue reading
2018-03-28

University Goes to the Top of the Class with New Connected Lighting Technology

Students attending Dubai’s Hamdan Bin Mohammed Smart University (HBMSU) need never flick a light switch or search for a tutorial or classroom again. Philips Lighting has equipped the university with state-of the-art connected LED lighting controlled by its Interact Office system. The technology enables faculty staff to control and personalize light settings using a smartphone app, while students can be guided to rooms using lighting-based indoor positioning technology. Such innovations bring to life Philips Lighting’s strategy to deliver new capabilities as value expands from lighting products to software and services.
Continue reading
2018-03-21

Light + Building 2018: Philips Lighting Announces New Name While Osram Demonstrates IoT Capabilities

Light and Building 2018, one of the largest trade shows in Europe, gathers over 2,700 exhibitors and their advanced lighting and building automation technologies in Frankfurt. Those technologies reflect the highly dynamic nature of the sector and the rising demand for smart life and efficient energy management around the world. In particular, one of the most exciting things must be to learn what major companies announce and showcase at the fair. Here, LEDinside sees a trend that big lighting companies are now transforming themselves from lamp suppliers to IoT solution and service providers.
Continue reading
2018-03-18

Light + Building 2018: Start to Build a Human-Light Relationship

Light + Building 2018, the largest trade fair for lighting and building services technology in Europe, officially begins on March 18. For the next six days, 18-23 March, exhibitors at the show will showcase their state-of-the-art products and technologies, whether they are for lighting, communication, building automation, or automotive applications.
Continue reading
2018-03-16

Philips Lighting Will Change Its Name to Signify

Philips Lighting finally made an announcement about the name change. It intends to change its name from Philips Lighting to Signify. The choice of the new company name originates from the fact that light becomes an intelligent language, which connects and conveys meaning.
Continue reading
2018-03-08

Philips Lighting Selected for AEX Index

Philips Lighting announced that Euronext has selected the company for inclusion in the AEX Index on Euronext Amsterdam, effective March 19, 2018.
Continue reading
2018-03-07

Smart Lighting: The Future of Light beyond Illumination

The rise of the Internet of Things (IoT) is definitely pushing our technology to a new level. Now, we can combine LED lighting with sensing and data analyzing capabilities. All these bring the LED industry opportunities to connect with future technologies.</div> div#featurs-list-ver {  width: 906px;  margin: 0 auto; } div.features-top-banner {  background-image: url('//www.ledinside.com/sites/www.ledinside.com/theme/images/under-banner-shadow.jpg');   background-position: bottom;   background-repeat: no-repeat;  height: 215px; } td.features-lead-icon {  width: 150px;  height: 100px;  text-align: center;  background-color: #FDB0C5; } td.features-lead-text {  background-color: #CF456B;  color: #FFFFFF;  text-align: left; } td.features-lead-text ...</p>
Continue reading
2018-02-27

Philips Lighting Reduces Carbon Emissions by 20% in 2017

Philips Lighting announced that in 2017 it reduced its carbon footprint by 20% to 325 kilotonnes CO2 and increased its use of electricity from renewable sources from 67% to 80%. These results highlight the progress the company is making on its Brighter Lives, Better World sustainability program, which was launched in 2016.
Continue reading
2018-02-27

[Financial Updates] Philips Lighting Intends to Repurchase 2.2 Million Shares from Royal Philips

Philips Lighting announces that it intends to repurchase 2.2 million of its ordinary shares from Royal Philips.
Continue reading
2018-02-27

Demand for Smart Home Accelerates the Development of Smart Lighting

LED lighting industry has been developing towards smart lighting in recent years in order to avoid involving in price wars. In the era of IoT, lighting is no longer individual product, but a systematical solution. Manufacturers are trying to enhance the added value of lighting equipment by integrating functions like Internet of Things and ambient sensing. International manufacturers such as Philips, Osram, and Opple Lighting, a Chinese maker, have all invested heavily in smart lighting R&D to lay the foundation for future market.
Continue reading
2018-02-27

Smart Lighting in California: Philips Lighting, American Tower Introduce Smart Fusion Pole to Deliver Quality Lighting and Mobile Connectivity

Wireless infrastructure provider American Tower and Philips Lighting announced that the City of Huntington Beach, CA will provide high capacity mobile connectivity, high quality LED lighting and smart city enablement with the newly developed Smart Fusion Poles. 
Continue reading
2018-02-26

Big Names in the Wave of Connected Lighting and Smart Cities

It’s not a coincidence that multinational lighting conglomerates like Philips Lighting and LEDVANCE have lately been undergoing transformations, including product mix adjustment, more investments in smart lighting, cutting jobs and quitting production related to traditional lighting.
Continue reading
2018-02-21

[Financial Updates] Philips Lighting Completes Cancellation of 2.8 Million Shares

Philips Lighting announced that it has completed the cancellation of 2.8 million shares that it repurchased from Royal Philips on November 28, 2017 for an aggregate amount of EUR 90 million.
Continue reading
2018-02-21

Philips Lighting and SmartCitiesWorld Report Names Singapore, London and Barcelona as Top Global Smart Cities

Philips Lighting published a new report together with SmartCitiesWorld that highlights the drivers and hurdles faced by local authorities considering implementing a smart city program. 
Continue reading
2018-02-21

Philips Lighting Implements European Carbon-saving Lighting Projects through SUSI Energy Efficiency Fund

Philips Lighting has selected SUSI Partners' SUSI Energy Efficiency Fund (SEEF) as financing partner to implement Light as a Service (LaaS) projects to help European lighting customers upgrade their lighting to more energy-efficient systems and reduce carbon emissions.
Continue reading
2018-02-07

Philips Lighting, Cisco Deploy Commercial Power-over-Ethernet Connected Lighting for Smart Offices

Philips Lighting have installed the first Power-over-Ethernet (PoE) connected lighting system in the Nordics, using Cisco network technology. 
Continue reading
2018-02-02

Philips Lighting reports 0.5% full year comparable sales growth, 10% operational profitability and EUR 403 million free cash flow

Philips Lighting just announced the company's fourth quarter and full year results 2017. "In line with our objectives, Philips Lighting returned to comparable sales growth in 2017 driven by the growth of LED and connected lighting Systems & Services, which demonstrates the successful execution of our strategy," said CEO Eric Rondolat.
Continue reading
2018-02-02

Philips Lighting CEO on US Lighting Market after the World Economic Forum 2018

Eric Rondolat, CEO of Philips Lighting, talked briefly about the lighting market in the US during an interview with CNBC.
Continue reading

Asahi Kasei Corporation, a leader in developing high-performance UVC LEDs, today announced the Klaran™ Reactor series, the only third-party tested and validated out-of-the-box water purification technology for original equipment manufact... READ MORE

Cree, Inc. (Nasdaq: CREE) announces an expansion of the XLamp® High Current LED Array family with new CMT LEDs that extend Cree’s latest metal-based chip-on-board (COB) LED technology to the most prevalent COB form ... READ MORE