Signify announced that its EnabLED Licensing Prgram for LED luminaires and retrofit bulbs has included more than 1000 members and is providing more than 400 inventions and over 2800 granted patents for them. Signify reported in May 2018 that it has signed 900 licensees with the program covering 2600 patents. The program has added 150 more innovations to its portfolio early in 2018 and increased the licensing members to 1000. (Image: Signify) The new innovations added to the program are related to filament-based LED products, warm dimming incandescent emulation, om...

Signify has been increasing its investment in fast-growing areas including horticulture, solar, and LiFi as they go in line with the company’s sustainability principle. LiFi was particularly addressed as Signify has recently acquired Firefly LiFi, a LiFi company with offices in the U.S. and Germany. According to the news covered by LiFiReport, Signify has bought FireFly LiFi with the transaction completed in December 2018. The lighting company has also acquired a French LiFi company by the end of 2016 and started a trial in Paris with a French real esta...

Signify, the largest lighting company in the world, reported its financial results for the fourth quarter and the fiscal year of 2018. With increased LED-based sales, the company announced improved adjusted EBITA margin for the fourth quarter of 2018. For the fourth quarter of 2018, Signify posted a revenue of EUR 1.73 billion (US$ 1.96 billion), dropped by 8.8% YoY. The adjusted gross margin was EUR 647 million (US$731.93 million) which declined 11.6% YoY. However, the adjusted EBITA of 4Q18 grew by 3.2% YoY at 214 million. For full year of 2018, the ...

Signify announced an innovative creation of virtual reality (VR) development for its customers. With the new lighting VR apps, Philips Fashion Lighting VR and Philips Urban VR, users can immerse themselves in the virtual world to visualize how lighting can transform their fashion store or city street.

Signify reported that two French vegetable growers have installed its LED horticulture lighting for their greenhouses to grow cucumbers year-round. Jardins Réunis and Cheminant have both installed Philips GreenPower LED toplighting and Philips GreenPower LED interlighting in their new cucumber greenhouses in the Nantes region of France. The growers are the first to grow high-wire cucumbers with LED lighting in the country, showing their leadership as members of the Océane grower cooperative. (Image: Signify) Signify noted that LED light...

Connected LED lighting enables numerous applications when integrated with sensors and other components. Smart lighting and related applications are becoming more and more common in our daily lives through the integration of healthcare, education and commercial real estate. As the global smart lighting market continues to grow, LEDinside estimates that its market scale might reach US$ 13.4 billion in 2020. This year at CES, many companies have integrated smart lighting with a wide range of applications to demonstrate the potential of connected LED lighting. Household ...

Signify announced on December 31st, 2018 that it has completed the cancellation of 9.7 million shares after the company completed its share repurchase program on December 7, 2018. Signify began to buy back its shares in July 2018 to reduce capital. With the repurchase program, Signify has repurchased 9.7 million shares that valued EUR 220 million (US$ 250 million). The company then cancelled these shares by the end of 2018. Currently, the issued share capital of Signify consists of 128 million ordinary shares and 1.75% of its issued shares are hold by Signify....

There have been ups and downs in the LED industry in 2018. New technologies have continued to evolve while many leading industry players have made critical decisions to cut off old business. LEDinside has selected some significant updates of the influential companies in the industry to wrap up the year. Philips Lighting becomes Signify As one of the most famous lighting brands in the world, Philips Lighting officially changed its name to Signify in 2018. The company announced the name change plan as a gesture to transform the company. It has started to use the new na...

“The biggest picture frame on the planet”, the Dubai Frame, has been lit up with Signify. Having worked with Dubai Municipality, Signify has provided its dynamic color changing architectural lighting for the gigantic landmark in Dubai. (Image: Signify) The Dubai Frame, opened in January 2018, is an impressive 150-meter-by-93 meter rectangular structure that resembles a giant picture frame, providing a perfect vantage point for viewing the city. The unique architecture also serves as a museum and visitor center which charts the rise of the city from its origi...

Signify announced that that its share repurchase program which aims to reduce the company’s capital has been completed. (Image: Signify) In July 2018, Signify announced the start of a share repurchase program to buy back up to EUR 230 million (US$ 261.41 million) of its shares to reduce the company’s capital. Since the program began, Signify has continued to repurchase the share of the company and update the progress weekly. In line with its timeframe, the program was completed on December 7th. During the period, the company has bought back 9.7 million share...

Signify has been announced as the connected lighting partner to illuminate up to 15 of London’s iconic bridges by 2022. In July, the City of London Corporation has passed a project, named “Illuminated River,” to incorporate the 15 bridges on the River Thames for setting up lighting installation. Signify won the contract to supply its Interact Landmark system and Philips Color Kinetics LED luminaires to light up the bridges with dynamic, artistic lighting effects via its centrally managed software. In addition, Signify will provide lifecycle services...

Signify, formerly known as Philips Lighting, has implemented its largest architectural lighting project in Shanghai. The project created a dynamic lighting for Shanghai’s waterfront, three bridges and over 40 buildings in the city. As part of the regeneration of the financial and tourist districts of Shanghai, Signify has installed more than 50,000 Philips luminaires. These illuminate buildings along the waterfront as well as the Yangpu, Nanpu and Xupu bridges. Signify’s Interact Landmark system is being used to control and manage lighting on building rooftops...

Big lighting brands have continually transformed their positioning from luminaires providers to high technology developers. Apart from Osram revising its organization structure and moving towards to digitalization, Signify has also been expanding its presence in the market of smart applications and establishing IoT systems in Asia. (Image: Signify) According to the report by Digital News Asia, Signify has launched its Interact IoT platform in Kuala Lumpur on November 14th. Alok Ghose, CEO of Signify ASEAN, said that the company will assist Malaysia for t...

Porta Nova, a rose grower based in Eindhoven, the Netherlands, is expanding its Philips GreenPower LED toplighting to trail a dedicated rose spectrum which will increase light levels year-round without increasing heat. The company decided to expand its invest of the lighting coverage to 5,000 square meters.

The 2018 World Flora Exposition opened on November 3rd in Taichung, Taiwan. Signify has provided its lighting service to the pavilion of the Netherlands and helped to build the main installation art of the exposition. The company has also worked with the city of Taichung to set up LED streetlights with smart systems. 

Signify has reported its results for the third quarter of 2018. The sales for 3Q18 came to EUR 1.6 billion (US$ 1.82 billion), with an on-year drop of 5.3 percent. The sales of LED-based products represented 70% of total sales and grew by 0.1% compared to 3Q17. Its net income was EUR 93 million (US$ 105.85 million), which dropped by 15.1% YoY.

Signify announced that it has installed its architectural lighting into the façade of the China World Trade Center's (CWTC) Tower B, which is one of Beijing's tallest buildings.

Signify has announced the launch of Interact Pro, a multi-tasking, smart lighting system and software developed for small and medium-sized enterprises (SMEs). The lighting company has been extending its business in connected lighting systems, software and services and has released IoT-ready products to new customer segments.

The development of LED applications in horticulture has continued to transform our understanding of farming. Delphy, a Dutch company, has recently conducted research on growing raspberries and blackberries with LED lighting, aiming to harvest them during winter.

With the low profit of LED general lighting and the escalating uncertainty of the LED industry due to the trade war, worldwide LED manufacturers are facing unprecedented challenges and have taken different actions to cope with the situation. Some decided to divert their LED lighting business while others are changing their business focal point. However, LEDinside believes that there are plenty of opportunities for LED lighting technology despite the difficult circumstance of the current LED lighting industry.

Signify has continuously updated the progress of its share repurchase program which was announced by the company on July 30, 2018. 

Signify has transformed from a luminaires supplier into an intelligent lighting system provider, offering solutions for lighting systems and services. Its “Friends of Hue” program has demonstrated an ecosystem to intensify the connections of the company and other international and interdisciplinary partners for expanding smart lighting network. 

Horticulture lighting has been an escalating market for LED applications. Lighting solutions providers and LED makers have continuously reported innovated products with specific functions. Lighting giant Signify and the U.S. based growing lights supplier Fluence Bioengineering have debuted new horticultural LED lighting products respectively to enhance the growth efficiency of crops.

Vietnam’s historical monument, the “Imperial City” in Huế, has been illuminated with architectural LED lighting provided by Signify.

Signify has announced a new series of its Philips Hue products and will showcase them at IFA 2018. With a wide range of products including luminaires for bathrooms, living rooms and gardens, Signify aims to provide a smart home lighting system.

By donating its solar lanterns to the refugees’ shelters in Bangladesh, Signify has helped to enhance the living conditions for more than 22,000 families so far. 

In the past few weeks, the LED industry has been active with several worldwide leading brands reporting their financial results of the second quarter and the first half of 2018 as well as big names announcing news of company reconstruction. LEDinside highlights the news for our readers to quickly follow up the industry updates. 

Signify launched its “interact Hospitality” system which provides smart management and services to hotels and guests. Swissôtel The Stamford in Singapore has become the first hotel to commercially implement the system and to provide smart services to its guests.

Signify announced its start of the share repurchase program which plans to buy back up to EUR 230 million (US$ 269.59 million) of its own shares to reduce the company’s capital.

Signify released the company’s business performance result for the second quarter and first half of 2018. The highlights are as follows: