Philips and Lumileds Lighting announce new partnership

 

San Jose, California, USA, and Amsterdam, The Netherlands - Royal Philips Electronics (AEX: PHI, NYSE: PHG) and Lumileds Lighting today announced a partnership to develop and market new modular LED lighting solutions for the automotive industry. This partnership is an extension of the existing relationship between the two companies. The new lighting solutions will incorporate Luxeon-technology from Lumileds, the world's leading provider of solid-state technology, and design, development and integration expertise from Philips Automotive Lighting, the world's leading provider of automotive lighting solutions.

 

The new innovative lighting modules will significantly simplify LED lighting design and accelerate the adoption of solid-state lighting solutions by automotive manufacturers.

 

"Our customers will benefit from the new partnership between Philips and Lumileds," said Hans de Jong, CEO of Philips Automotive Lighting. "Our expertise in system design and the development of breakthrough lighting systems allows us to use Lumileds Luxeon to its full potential and provide the industry with superior LED solutions. Solid-state lighting will represent a significant portion of the future automotive market and Philips Automotive Lighting and Lumileds will set the pace in that market."

 

"Lumileds Luxeon, which is already on the road, will ultimately lead automotive applications," said Mike Holt, CEO of Lumileds. "Together with Philips Automotive Lighting we will deliver lighting solutions that were never before possible and that will become the standard for value and performance and safety for all types of vehicles."

 

The two companies expect the first Luxeon-based products to reach the market in 2005 and to be available worldwide.

Andre Manning:

Philips Corporate Communications
Tel +31 20 5977199
email andre.manning@philips.com

Mindy Franklin

Lumileds
Tel +1 847 415-9328
email mindy@sspr.com

Jason Ovitt

Lumileds
Tel +1 847 415-9326
email jason@sspr.com

Ms Yeung Chiu

Brand Management & Corporate Communications
Tel +852 2821 5635
Fax +852 2527 4850
email yeung.chiu@philips .com

About Royal Philips Electronics :

Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is one of the world's biggest electronics companies and Europe's largest, with sales of EUR 30.4 billion in 2005. With activities in the three interlocking domains of healthcare, lifestyle and technology and 159,200 employees in more than 60 countries, it has market leadership positions in medical diagnostic imaging and patient monitoring, color television sets, electric shavers, lighting and silicon system solutions. News from Philips is located at www.semiconductors.philips.com.


About Lumileds Lighting:

Lumileds Lighting is the world's leading manufacturer of high-power LEDs and a pioneer in the use of solid-state lighting solutions for everyday purposes including automotive lighting, camera flash, LCD displays and televisions, portable lighting, projection and general lighting. The company's patented Luxeon Power Light Sources are the first to combine the brightness of conventional lighting with the small footprint, long life and other advantages of LEDs. Lumileds also supplies core LED material and LED packaging, and manufactures billions of LEDs annually. Lumileds is headquartered in San Jose, California, with operations in the Netherlands, Japan and Malaysia and sales offices throughout the world. For more information, call Lumileds at 408-435-6111 or visit www.lumileds.com.


Safe Harbor Statement:

This release may contain certain forward-looking statements with respect to the financial condition, results of operations and business of Philips and certain of the plans and objectives of Philips with respect to these items. By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future and there are many factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.