Eindhoven, The Netherlands – Philips (NYSE:PHG, AEX:PHI) announced today that they entered into a patent license agreement with Cooper Industries. The license provides Cooper with full access to the Philips’ LED-related patented technologies that Philips makes available to the lighting industry through its LED Luminaire and Retrofit Bulb licensing program.
“We are very pleased that Cooper has joined our licensing program. We believe having such an open and accessible license program is greatly assisting in accelerating the adoption of LED lighting and fostering the growth of the LED industry”, said Arian Duijvestijn, General Manager Lighting at Philips Intellectual Property & Standards.
This license agreement with Cooper follows earlier agreements between Philips and more than 100 companies, amongst which key lighting players like Acuity Brands, Osram and Zumtobel.
Philips’ licensing program includes many LED luminaire and bulb-related inventions of Philips. Philips aims to speed up market adoption and growth of LED-based products by making available its market-leading patented LED luminaire and retrofit bulb technologies to third parties.