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Philips Lumileds and Future Electronics
Restructure Principal Distribution Agreement

Philips Lumileds will now have the opportunity to distribute and sell its LED products
through additional partners in various regions

Philips Lumileds Press Release

FlashlightNews.org - 12/19/2012

SAN JOSE, Ca. - Philips Lumileds and Future Lighting Solutions, a division of Future Electronics, announced today they have restructured their long-standing distribution agreement. The new arrangement allows both companies to build upon their long-standing relationship while creating new opportunities for additional partnerships.

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LUXEON® K

Philips Lumileds LUXEON® K

The new agreement builds on a relationship that has enabled the growth for both companies through the development of solid-state lighting solutions worldwide. "Our restructured agreement allows us to continue our collaboration with a long-term, trusted and successful partner. With the new agreement, we are able to serve the needs of our growing customer base and carry on our widespread expansion into new target markets," said Pierre-Yves Lesaicherre, CEO Philips Lumileds.

The Philips Lumileds and Future Lighting Solutions partnership will continue to provide customers with access to the world's most comprehensive portfolio of application specific LED solutions. Philips Lumileds will now have the opportunity to distribute and sell its LED products through additional partners in various regions. Future Lighting Solutions will now have the opportunity to distribute other suppliers' solid-state lighting lines.

"Philips Lumileds will continue to be a valued partner for us. We at Future Lighting Solutions will now have the opportunity to expand our portfolio of products in order to address the needs of our lighting customers. We are excited with this development," said Gerry Duggan, Executive Vice President, Future Electronics.

About Royal Philips Electronics

Royal Philips Electronics of the Netherlands (NYSE: PHG) is a diversified health and well-being company, focused on improving people's lives through timely innovations. As a world leader in healthcare, lifestyle and lighting, Philips integrates technologies and design into people-centric solutions, based on fundamental customer insights and the brand promise of "sense and simplicity." Headquartered in the Netherlands, Philips employs approximately 122,000 employees with sales and services in more than 100 countries worldwide. With sales of EUR 22.6 billion in 2011, the company is a market leader in cardiac care, acute care and home healthcare, energy efficient lighting solutions and new lighting applications, as well as lifestyle products for personal well-being and pleasure with strong leadership positions in male shaving and grooming, portable entertainment and oral healthcare.

News from Philips is located at philips.com/newscenter.

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