Philips Lighting is now Signify; retains Philips brand for products

Philips Lighting has changed its name to Signify while keeping 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.

“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.”

“Founded as Philips in Eindhoven, the Netherlands, we’ve led the lighting industry with innovations that serve professional and consumer markets for more than 127 years. In 2016, we spun off from Philips, becoming a separate company, listed on Amsterdam’s Euronext Stock Exchange. We were included in the benchmark AEX index in March 2018,” the company said in a statement.

Image courtesy of Signify.