Signify has launched its new company name, following the amendment of the company's articles of association changing its name from Philips Lighting N.V. to Signify N.V. "The choice of our new company name originates from the way light becomes 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.
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, sensors and IoT platforms, we open the door to a smarter world."