SAN JOSE, Calif. -- (Business Wire)
Philips Lumileds and Future Lighting Solutions, a division of Future
Electronics, announced today they have restructured their long-standing
distribution agreement. The new arrangement allows both companies to
build upon their long-standing relationship while creating new
opportunities for additional partnerships.
The new agreement builds on a relationship that has enabled the growth
for both companies through the development of solid-state lighting
solutions worldwide. "Our restructured agreement allows us to
continue our collaboration with a long-term, trusted and successful
partner. With the new agreement, we are able to serve the needs of our
growing customer base and carry on our widespread expansion into new
target markets,” said Pierre-Yves Lesaicherre, CEO Philips Lumileds.
The Philips Lumileds and Future Lighting Solutions partnership will
continue to provide customers with access to the world’s most
comprehensive portfolio of application specific LED solutions. Philips
Lumileds will now have the opportunity to distribute and sell its LED
products through additional partners in various regions. Future Lighting
Solutions will now have the opportunity to distribute other suppliers’
solid-state lighting lines.
“Philips Lumileds will continue to be a valued partner for us. We at
Future Lighting Solutions will now have the opportunity to expand our
portfolio of products in order to address the needs of our lighting
customers. We are excited with this development,” said Gerry Duggan,
Executive Vice President, Future Electronics.
About Royal Philips Electronics
Royal Philips Electronics (NYSE: PHG, AEX: PHIA) is a diversified
health and well-being company, focused on improving people’s lives
through meaningful innovation in the areas of Healthcare, Consumer
Lifestyle and Lighting. Headquartered in the Netherlands, Philips posted
2011 sales of EUR 22.6 billion and employs approximately 122,000
employees with sales and services in more than 100 countries. The
company is a leader in cardiac care, acute care and home healthcare,
energy efficient lighting solutions and new lighting applications, as
well as male shaving and grooming, home and portable entertainment and
oral healthcare. News from Philips is located at www.philips.com/newscenter.
Philips Corporate Communications
Amy Shanler, 978-659-4463
Source: Philips Lighting North America
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