LIGHT Signify NV

Philips Lighting Pioneers an Easy Path to Smart Lighting with First-Ever Wireless Linear Lamp Retrofit

Philips Lighting (Euronext Amsterdam ticker: LIGHT), a global leader in lighting, today introduced a simplified path to connected ready lighting with the introduction of Philips InstantFit LED T8 lamps with EasySmart technology. The first and only wireless, network-capable linear lamp retrofit, the Philips InstantFit LED with EasySmart technology enables intelligent control from the Leviton Wireless Room Controller System with the simplicity of a plug and play installation that reduces energy, effort and costs.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20170410005106/en/

Philips InstantFit LED T8 lamps integrated with EasySmart technology makes it simpler to save money, ...

Philips InstantFit LED T8 lamps integrated with EasySmart technology makes it simpler to save money, energy and time (Photo: Business Wire)

Upgrading LED lighting can reduce energy consumption by up to 50% as compared to fluorescent lighting. When enhanced with controls such as dimming, sensor-based occupancy sensing and daylight harvesting, the upgraded lighting system can save an additional 20-40% in energy use.

“Philips Lighting’s approach to smart innovation includes both advancing what is possible with LED lighting and making it easy to install and apply,” said Bertrand Vandewiele, LED Product Marketing Lead at Philips Lighting. “Our EasySmart technology is a perfect example to demonstrate that intelligent lighting and simple programming and installation do not have to be mutually exclusive.”

An expansion of Philips Lighting’s existing InstantFit LED platform, EasySmart LED T8 lamps simply install into existing fixtures without needing to be rewired since they operate on instant start ballasts. The addition and integration of flexible wireless controls from the Leviton Wireless Room Controller System provides dimming, occupancy or vacancy sensing, multi-zone daylight harvesting, manual control and scene control capabilities. These intelligent controls capabilities can adapt to different tasks and suit individual preferences, as well as help to promote productivity and comfort in the space.

The wireless technology is built on the ZigBee 3.0 open standard protocol, which allows easy integration of the LED T8’s with a wide variety of control devices and systems. Encrypted to protect against unwanted intrusion, the lamps can be provisioned for individual and group or zone lamp control based upon a customer’s preferences or task-appropriate presets. The system can easily be programmed and customized to improve energy savings and simplify maintenance operations.

“Leviton is excited to offer the first wireless controls that are compatible with the Philips EasySmart technology,” said Richard Westfall, Vice President and General Manager of Leviton Energy Management, Controls & Automation. “Together, Leviton and Philips Lighting are making product selection and installation simple for commercial users who want to retrofit their lighting system.”

For more information on Philips Instantfit LED T8 lamps with EasySmart technology, 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 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.

EN
10/04/2017

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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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