Business News | Aug 04, 2010

Philips Lumileds Crosses 1 Billion LUXEON LED Benchmark

Philips Lumileds today announced that it shipped its billionth LUXEON power LED in the 2nd quarter of 2010. The company’s capacity and infrastructure investments over the last several years have enabled it to meet customer needs for high volumes of products, with the company delivering over 750 million LUXEON power LEDs in the past two years to automotive, illumination and consumer electronics customers.

Philips Lumileds today announced that it shipped its billionth LUXEON power LED in the 2nd quarter of 2010.  The company’s capacity and infrastructure investments over the last several years have enabled it to meet customer needs for high volumes of products, with the company delivering over 750 million LUXEON power LEDs in the past two years to automotive, illumination and consumer electronics customers.  Just ten years after ushering in a new era in lighting, the company finds that a decade of innovation, technology, and lighting leadership has positioned it well to support customers’ development and introduction of new lighting solutions.

“This isn’t just a milestone for the company but for the entire industry,” said Michael Holt, CEO. “When we started, the idea that Lumileds could change the nature of lighting with power LEDs was greeted by many industry insiders with skepticism. Today, they and others have followed us as competitors into an industry that is driving energy efficient lighting applications and new ways of lighting the places where we live, work, and play.”

From the start, Lumileds was clear that its mission was to enable a new world of light through the application of power LEDs.  Prior to Lumileds invention of the power LED—a light emitting diode designed to operate at a current of 350 milliamps or higher—LEDs typically produced only a lumen or two.  Today, LUXEON power LEDs can generate hundreds and are being used to light everything from LED light bulbs to streetlights to car headlamps and LCD displays.

About Philips Lumileds:
Philips Lumileds is a leading provider of power LEDs for illumination solutions. The company's leading light output, efficacy and thermal management are direct results of the ongoing commitment to advancing solid-state lighting technology and enabling lighting solutions that are more environmentally friendly, help reduce CO2 emissions and reduce the need for power plant expansion. Philips Lumileds' LUXEON LEDs are enabling new solutions for indoor and outdoor lighting, automotive lighting, and for consumer electronics products like LCD displays and camera phone flash.

About Royal Philips Electronics:
Royal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) 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 more than 116,000 employees in more than 60 countries worldwide. With sales of EUR 23 billion in 2009, 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 flat TV, male shaving and grooming, portable entertainment and oral healthcare.

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