PHILIPS SOLID-STATE LIGHTING SOLUTIONS AND BOCA FLASHER SIGN LICENSING AGREEMENT
Philips Solid-State Lighting Solutions, the new entity formed by Philips' acquisition of Color Kinetics, today announced that Boca Flasher has licensed its worldwide patent portfolio, allowing for increased product depth and capabilities of Boca Flasher's intelligent LED lighting products.
Boca Flasher is a US manufacturer of LED-based fixtures and modules for a diverse group of vertical markets such as architectural, retail, signage and entertainment. Its intelligent LED product lines can now utilize Philips Solid-State Lighting Solutions' proprietary control methods to generate millions of colors and color-changing effects without the maintenance-intensive use of colored gels or filters. The global license will apply to sales of Boca Flasher products in all markets covered by Philips Solid-State Lighting Solutions' patent portfolio.
"Once considered a novelty, LED technology is increasingly shaping the future of the lighting industry, and we believe that third-party product development will only help to accelerate widespread adoption. Our mission in part is to fuel that development through licensing relationships built on our strong intellectual property," said Bill Sims, CEO, Philips Solid-State Lighting Solutions. "We're pleased to work with companies like Boca Flasher who recognize the value and competitive advantage our IP can afford."
"We believe that demand for LED lighting will continue to increase as the technology progresses and becomes even more competitive with traditional light sources," said Myung Park, President, Boca Flasher. "Given the market opportunities ahead, we believe it's important to form a cooperative relationship with a leader like Philips Solid-State Lighting Solutions and we look forward to continued growth in the years to come."
Philips Solid-State Lighting Solutions' patent portfolio focuses on a range of digital technologies and methods of controlling LED sources for a variety of lighting applications and environments. The portfolio today includes 80 issued U.S. and foreign patents and over 170 applications pending worldwide.
For further information, please contact: Felicia Spagnoli
Corporate Communications Manager
Philips Solid-State Lighting Solutions
781-418-9292
fspagnoli@colorkinetics.com
About Philips Solid-State Lighting Solutions:
Philips Solid-State Lighting Solutions, the new entity formed by Philips’ acquisition of Color Kinetics, transforms environments through new, dynamic uses of light. Its award-winning lighting systems and technologies apply the benefits of LEDs as a highly efficient, long lasting, environmentally friendly, and inherently digital source of illumination - reinventing light itself as a highly controllable medium. Philips Solid-State Lighting Solutions also enables widespread adoption of LED lighting through OEM and licensing partnerships in diverse markets. The company is headquartered in Burlington, MA with offices in the UK and China. More information is available at http://www.colorkinetics.com .
About Royal Philips Electronics:
Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is a global leader in healthcare, lighting and consumer lifestyle, delivering products, services and solutions through the brand promise of “sense and simplicity.” Headquartered in the Netherlands, Philips employs approximately 128,100 employees in more than 60 countries worldwide. With sales of EUR 27 billion in 2006, the company is a market leader in medical diagnostic imaging and patient monitoring systems, energy efficient lighting solutions, personal care and home appliances, as well as consumer electronics. News from Philips is located at www.philips.com/newscenter .
About Boca Flasher :
Established in 1995 Boca Flasher is a U.S. based company focused on the manufacture and development of LED based lighting products and systems. The company offers a wide variety of products for use in the architectural, retail, signage and entertainment industries. The company is also involved in a growing group of OEM relationships. For more information visit www.bocaflasher.com.
