"The choice of our new company name originates from the way light has become an intelligent language, which connects and conveys meaning," said Eric Rondolat, CEO of Signify. "It is a clear expression of our strategic vision and purpose to unlock the extraordinary potential of light for brighter lives and a better world."

Signify will continue to use the Philips brand for its products under the existing licensing agreement with Royal Philips. The company expects the name change to be implemented in all the countries where it is active by the beginning of 2019.

Founded as Philips in Eindhoven, the Netherlands, we've led the lighting industry with innovations that serve professional and consumer markets for more than 127 years. In 2016, we spun off from Philips, becoming a separate company, listed on Amsterdam's Euronext Stock Exchange. We were included in the benchmark AEX index in March 2018.

With operations in more than 70 countries and 32,000 people worldwide, Signify generated sales of EUR 7 billion and invested EUR 354 million in Research and Development in 2017.

"We are driven by the principle that light is essential," Eric Rondolat added. "And by connecting it to networks, software and cloud computing, we open the door to a smarter world where light delivers value beyond illumination."

About SignifySignify (Euronext: LIGHT) is the world leader in lighting for professionals and consumers and lighting for the Internet of Things. Our Philips products, Interact connected lighting systems and data-enabled services, deliver business value and transform life in homes, buildings and urban spaces. With 2017 sales of EUR 7.0 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.

For further information, please contact:

Signify Vincent ChowTel: 2596 2617E-mail: [email protected]^[1]

Dynamic PRFiona WongTel: 3973 6423 / 9313 2225E-mail: [email protected] ^[2]

Topic: Press release summarySectors: Daily Finance, Daily News^[3][4] http://www.acnnewswire.com From the Asia Corporate News Network

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References

1. ^{^} [email protected] (www.acnnewswire.com)
2. ^{^} [email protected] (www.acnnewswire.com)
3. ^{^} Daily Finance (www.acnnewswire.com)
4. ^{^} Daily News (www.acnnewswire.com)