Signify to deliver horticulture LEDs faster to customers in North America to address fast-growing demand

Signify starts producing Philips GreenPower LEDs at plant in Camargo, Mexico that so far were only produced in Europe
New production line significantly reduces delivery times for customers in the US and Canada

Eindhoven, Netherlands – Signify (Euronext: LIGHT), the world leader in lighting, will significantly reduce delivery times for Philips GreenPower LED customers in North America as it adds a horti LED production line at its existing luminaire factory in Camargo, Mexico for the LEDs that so far were only manufactured in Sucha Beskidzka, Poland. The move helps the company to optimally benefit from a fast-growing demand for horticultural LEDs in North America.

“We are very excited that we can enhance our support to customers in North America by reducing their delivery times – it’s a necessity. We see very strong demand for horticultural LEDs as customers increasingly understand the benefits: improved predictability, higher quality product and higher yields. Particularly the strong increase in number of customers in the fruit, vegetables, floriculture and cannabis segments in the last two years, meant that we needed to make steps to deliver faster to this important market.”

Udo van Slooten,

Business Leader Horticulture at Signify

Currently, products are manufactured in Europe and then transported to North America by boat. The products that are manufactured in Mexico will directly be transported to customers in North America, resulting in fewer delays and making shipments more reliable. We will continue to produce Philips GreenPower LEDs in Europe to service customers in other parts of the world.

The horticulture market is projected to grow by more than 20% per year until 2025¹, making it one of Signify’s key growth areas. Signify distinguishes itself through a customer-centric approach in which a key account manager, plant specialist and application engineer work together with a customer to offer the grower a business case, financial services, plant growth expertise, installation expertise, LED systems and community networking.

The Philips GreenPower LED range includes toplighting, interlighting, flowering lamps and production modules.

[¹] Reportlinker: The overall horticulture lighting market is estimated to grow from USD 2.43 billion in 2018 to USD 6.21 billion by 2023 at a CAGR of 20.61 from 2018 to 2023

For further information, please contact:

Philips Horticulture LED Solutions

Daniela Damoiseaux,
Global Marcom Manager

Tel: +31 6 31 65 29 69

E-mail: daniela.damoiseaux@signify.com

www.philips.com/horti

Signify Corporate Communications

Elco van Groningen

Tel: +31 6 1086 5519

E-mail: elco.van.groningen@signify.com

About Signify

Signify (Euronext: LIGHT) is the world leader in lighting for professionals and consumers and lighting for the Internet of Things. Our Philips products, Interact connected lighting systems and data-enabled services, deliver business value and transform life in homes, buildings and public spaces. With 2017 sales of EUR 7.0 billion, we have approximately 30,000 employees and are present in over 70 countries. We unlock the extraordinary potential of light for brighter lives and a better world. We have been named Industry Leader in the Dow Jones Sustainability Index for two years in a row. News from Signify is located at the Newsroom, Twitter, LinkedIn and Instagram. Information for investors can be found on the Investor Relations page.

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