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Philips Lighting will be renamed signify but still continue to use Philips as a brand

  • Source:net
  • Release on :2018-03-19
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Philips Lighting, the global lighting leader, announced today that it plans to change the company name (Philips Lighting) to signify. The new company name derives from a new definition of illumination: light has become an intelligent language, connecting and conveying information.

Under the licensing agreement with Royal Philips, the company's products will continue to use Philips, the world's most trusted lighting brand.

"As an important step in our transition, we are delighted to announce the company's new name," said Eric Rondolat, global chief executive of Philips Lighting, Hong Ganli, "The new company name not only clearly expresses our strategic vision, but also introduces a brand new corporate identity, The best time to better unite the world's 32,000 employees. At the same time, we will continue to use the Philips brand to promote our products. ”

Philips Lighting was founded in 1891 by Frederick Phillips and Gerald Phillips in the Netherlands Eindhoven, has more than 125 years of history. Philips Lighting has always led the lighting industry innovation, development has been covered by traditional lighting, LED lighting and intelligent interconnection lighting, the world's largest intelligent internet lighting network.

The company changed its name to comply with the company's license agreement with Royal Philips, which requires the company to be renamed when Royal Philips ceases to be a controlling shareholder.

As an important step in renaming the company, the relevant resolutions are planned to be put to the vote at the Philips Lighting holding annual general Meeting held on May 15, 2018 and to update the relevant contents of the articles of incorporation after the resolution is passed. Philips Lighting's stock trading code will follow the "LIGHT".

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