Koninklijke Philips N.V.
Below you will find information from the register publication of inside information. The information has been provided by the organisation.
Registration date
28 sep 2007 - 08:03
Statutory name
Koninklijke Philips N.V.
Title
Philips updates market on lighting sector and innovation activities
Comments
September 28, 2007
PHILIPS UPDATES MARKET ON LIGHTING SECTOR AND INNOVATION ACTIVITIES
Amsterdam, The Netherlands – In a meeting with investors and financial analysts today, Royal Philips Electronics (AEX: PHI, NYSE: PHG) will discuss how Philips Lighting expects to continue on its current growth path. This expectation is supported by an ongoing focus on market-driven innovation and an accelerated adoption of more advanced and environmentally-friendly forms of lighting in line with Philips' recently communicated "Vision 2010" strategy.
Some concrete examples of medium-term growth opportunities that will replace certain current technologies and products which Philips Lighting management will mention are:
The rapidly growing demand for 'green' lighting solutions. Today, 75% of all lighting currently in use are legacy systems, and growing awareness about existing energy-efficient lighting solutions is expected to lead to significant potential for replacement sales.
Increasing demand for advanced lighting solutions in emerging markets such as China. Philips expects to continue to tap into the potential of this market, notably in second and third tier cities, by further speeding up the expansion of its distribution network going forward, after having already secured a leading position in China's largest cities, with sales concentrating in the largest cities.
Continued build-up of Philips' presence in selected lighting markets and expansion of Philips' distribution channels for solid state lighting solutions to unlock the potential of this market.
Ongoing innovation within Philips Lighting will continue to lead to breakthrough products such as Philips' Xenon automotive lighting. According to independent research, Xenon lights could result in a reduction of fatal car accidents by 18% as safety increases due to much better road visibility, while at the same time reducing CO2 emissions.
In addition, Philips will elaborate on its strategy for further growth and value cre
Date last update: 22 June 2026