LIGHT Signify NV

Make Your House Feel More Like Home with the New Philips Hue White Ambiance Line of Fixtures and Table Lamps

Light affects us from the moment we wake up, to the moment we go to bed. It is often something we take for granted, but it helps shape our everyday experiences. To help simplify and enhance home life, Philips Lighting (Euronext Amsterdam ticker: LIGHT), a global leader in lighting, is extending the Philips Hue connected lighting family of products available to US consumers. The new range of Philips Hue White Ambiance fixtures and table lamps and the Philips Hue White Ambiance candle bulb provide the perfect shade of white light for any moment, so you can feel your best throughout your day and in any room of your home.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170515005440/en/

The Philips Hue White Ambiance Being Flushmount and Wellner and Wellness (pictured) table lamps are  ...

The Philips Hue White Ambiance Being Flushmount and Wellner and Wellness (pictured) table lamps are now available for pre-order, while quantities last. (Photo: Business Wire)

“To put it simply, consumers can have one light to support all of their daily activities. Think about all of the moments you enjoy in your kitchen. Select a cool daylight scene for your morning coffee to energize for the day ahead. Help your child focus on their homework with a bright white light. Then, create a cozy ambiance for dinner under a warm light to wind down,” said Mark Cieri, Vice President & General Manager, Home Systems, Philips Lighting US. “With Philips Hue White Ambiance, you can personalize your lighting and truly feel at home.”

See and feel better, while creating the right ambiance for every moment in every room

The range of Philips Hue White Ambiance fixtures and table lamps are designed to give you the white light needed to help you wake up and energize, concentrate, read, relax and go to sleep naturally. With a timeless and elegant style, they can be placed anywhere in your home.

Enjoy decorating your kitchen, dining room or bedrooms with the brushed aluminum Philips Hue White Ambiance Being Flushmount or three different styles of the Philips Hue White Ambiance Fair fixture (Flushmount, Semi-flushmount and Suspension). The products have the Philips Hue White Ambiance connected lighting technology built-in and feature powerful light output (up to 3000 lumens).

The Philips Hue White Ambiance Wellner and Wellness table lamps are smartly designed to fit with any interior. They come with a Philips Hue White Ambiance A19 light bulb (800 lumens) for customizable white light to support your daily activities.

Philips Hue connected lighting system can be used in 80% of sockets in common households worldwide

On top of the range of Philips Hue White Ambiance fixtures and table lamps, the new Philips Hue White Ambiance candle bulb allows you to further extend the connected lighting experience throughout your home. The candle bulb features the smaller E12 base, perfect for your ceiling fan, chandelier or decorative table lamps. The 40W-equivalent candle bulb has 450 lumens; it joins the current Philips Hue White Ambiance range, which also includes the traditional A19 bulb, GU10 spot light and BR30 downlight.

Control your lights your way

All Philips Hue products can be controlled via your smartphone or tablet with the Philips Hue app, the Philips Hue wireless dimmer switch, the Philips Hue motion sensor and your wearables. You can also control them with your voice; simply ask your favorite service or device to turn your lights on or off, set your desired white light scene and much more. In addition, you can remotely control your lights wherever you are, and set timers, notifications and alarms for the full Philips Hue experience. It's all about simplifying your home life in smart and useful ways.

The Philips Hue White Ambiance Being Flushmount and Wellner and Wellness table lamps are now available for pre-order, while quantities last. Starting at $99.99, the full range will be in store and online beginning mid-June 2017. The Philips Hue White Ambiance candle bulb is $29.99 and will be available for pre-order in June 2017 and in store and online in July 2017.

Delivering the best lighting experience for the home is at the heart of Philips Hue, and key to this is it being interoperable with more than 600 apps, products and platforms from other brands and developers. Philips Hue works seamlessly with Amazon Alexa, Apple HomeKit, Google Home, Nest, Samsung SmartThings as well as other smart home devices and wearables, to transform how you experience and interact with light in your home.

For more information on Philips Hue and where you can buy the connected lighting products, visit www.meethue.com.

About Philips Lighting

Philips Lighting (Euronext Amsterdam ticker: LIGHT), a global leader in lighting products, systems and services, delivers innovations that unlock business value, providing rich user experiences that help improve lives. Serving professional and consumer markets, we lead the industry in leveraging the Internet of Things to transform homes, buildings and urban spaces. With 2016 sales of EUR 7.1 billion, we have approximately 34,000 employees in over 70 countries. News from Philips Lighting is located at http://www.newsroom.lighting.philips.com and on Twitter via @Lighting_Press.

EN
15/05/2017

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Signify/Awaiting next steps/HOLD

The lighting industry is very competitive which, in our view, limits Signify's room for structural growth and margin expansion. Near-term the company is held back by deteriorating trading conditions. Valuation is not overly demanding in our view, and the buyback is supportive, but we see limited room for upward surprises. We keep our HOLD rating and €20 target price.

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