December 1, 2023
Signify has signed a settlement and patent license agreement with the international Eglo group. Eglo now joins Signify’s EnabLED Luminaire and Retrofit Bulb program, providing it with access to a wide range of LED control, product-level and system-level technologies.
“We are pleased to welcome Eglo as a new member of our program. The agreement provides access to more than 600 innovations in more than 5000 granted patents including intelligent LED lighting products and connected LED lighting technology, providing the opportunity to grow current and future products,” said Hans Christian Schomerus, Head of IP Licensing at Signify. “This is a further recognition of the value of Signify’s innovations in the global lighting market,” Schomerus added.
The license agreement with Eglo follows earlier agreements between Signify and more than 1500 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 (Euronext: LIGHT) is the world leader in lighting for professionals, consumers and the Internet of Things. Our Philips products, Interact systems and data-enabled services, deliver business value and transform life in homes, buildings and public spaces. In 2023, we had sales of EUR 6.7 billion, approximately 32,000 employees and a presence in over 70 countries. We unlock the extraordinary potential of light for brighter lives and a better world. We have been in the Dow Jones Sustainability World Index since our IPO for seven consecutive years and have achieved the EcoVadis Platinum rating for four consecutive years, placing Signify in the top one percent of companies assessed. News from Signify can be found in the Newsroom, on X, LinkedIn and Instagram. Information for investors is located on the Investor Relations page.
