“We are pleased to welcome Yeelight as a new member of our program. The agreement provides access to more than 400 innovations including intelligent LED lighting products and connected LED lighting technology, providing the opportunity to grow current and future products,” said Frank Bistervels, Head of Intellectual Property at Signify. “This is a further testament to the value of Signify’s innovations in the global lighting market,” Bistervels added.
The license agreement with Yeelight follows earlier agreements between Signify and more than 1100 lighting companies around the world of different size and market segments. Signify aims to accelerate market adoption and growth of LED-based products by making its market-leading patented LED luminaire and retrofit bulb technologies available to the lighting industry. Additional information is available signify.com/enabled.
Signify Corporate Communications
Elco van Groningen
Tel: +31 6 10865519
Signify (Euronext: LIGHT) is the world leader in lighting for professionals and consumers and lighting for the Internet of Things. Our Philips products, Interact connected lighting systems and data-enabled services, deliver business value and transform life in homes, buildings and public spaces. With 2019 sales of EUR 6.2 billion, we have approximately 38,000 employees and are present in over 70 countries. We unlock the extraordinary potential of light for brighter lives and a better world. We have been named Industry Leader in the Dow Jones Sustainability Index for three years in a row. News from Signify is located at the Newsroom, Twitter, LinkedIn and Instagram. Information for investors can be found on the Investor Relations page.