Philips Welcomes Cooper Industries as Licensee for LED Luminaire Program
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. Additional information is available atwww.ip.philips.com/licensing/ssl.
About Royal Philips Electronics
Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is a diversified health and well-being company, focused on improving people’s lives through timely innovations. As a world leader in healthcare, lifestyle and lighting, Philips integrates technologies and design into people-centric solutions, based on fundamental customer insights and the brand promise of “sense and simplicity.” Headquartered in the Netherlands, Philips employs about 117,000 employees with sales and services in more than 100 countries worldwide. With sales of EUR 22.3 billion in 2010, the company is a market leader in cardiac care, acute care and home healthcare, energy efficient lighting solutions and new lighting applications, as well as lifestyle products for personal well-being and pleasure with strong leadership positions in male shaving and grooming, portable entertainment and oral healthcare. News from Philips is located at www.philips.com/newscenter.
Contact
Bjorn Teuwsen
Philips Intellectual Property & Standards
Tel. +31 40 27 40588
E-mail: bjorn.teuwsen@philips.com
