LIGHT Signify NV

Philips Lighting Inspires Creativity in Architectural Spaces with Philips Lightolier Calculite LED Downlight Generation 3

Philips Lighting (Euronext Amsterdam ticker: LIGHT), a global leader in lighting, today announced a new addition to the Philips Lightolier portfolio of products with the debut of the Philips Lightolier Calculite LED Generation 3 downlight.

Specification grade Philips Lightolier Calculite downlights are well known for their quiet reflectors which provide the uniformity of light, and industry leading color consistency and efficiency. The product’s component design eliminates the distracting imperfections found in lesser quality downlights, such as hotspots and dark rings. Philips Lightolier Calculite also provides a soft, soothing cone of illumination that is both subtle and distraction-free so the light seems to appear from nowhere and patrons of an indoor space are comfortable, whether in a retail, office, hotel or museum setting.

“Lighting is fundamental to the way people experience and interact within an indoor space. Beyond illumination, the right light can directly influence whether an experience is positive, productive or pleasing,” said April Ruedaflores, Product Marketing Manager, Philips Lighting. “Our new third generation downlight provides designers, architects and specifiers the flexibility to be creative in an architectural space without having to compromise quality or performance.”

Known for its best-in-class quality, engineering and performance, Philips Lightolier Calculite was designed with a three part system that emphasizes flexibility and compatibility in order to simplify installation and extend longevity while dramatically enhancing the lighting impact in an indoor space. This thoughtful approach typifies the rich legacy of the Philips Lightolier brand and serves as a strategic blueprint for future product development.

In order to save time on installation, the three part system includes a frame which is independent from the rest of the luminaire, providing a universal frame install which can be installed in less than 90 seconds. The robust driver and light engine are paired together, and easily inserts into the frame without the use of tools. The lights can be upgraded at any time, or replaced to meet new space requirements, with no need to replace the frame. A mounted spring secures the reflector to the rest of the luminaire system.

The modular design, wide range of lumen packages and trim finishes, and dimming and connectivity options allow specifiers to customize and personalize the design of the light according to the needs and desired aesthetic of their particular space.

For more information on Philips Lightolier Calculite LED, click here.

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 2015 sales of EUR 7.5 billion, we have approximately 36,000 employees in over 70 countries. News from Philips Lighting is located at http://www.newsroom.lighting.philips.com

EN
30/09/2016

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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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