Sunterra Farms selects Philips GreenPower LED lighting for the company’s planned expansion into fresh fruit production

Six hectares of tomato production will be lit by a hybrid lighting solution of LED and HPS, and one hectare production area of strawberry will be 100% LED lighting. The lighting for the strawberry product will include both Philips LED toplighting compact and Philips LED flowering lamp.

The proposal development and review process involved numerous Signify personnel, including plant specialists from both Canada and the Netherlands, to calculate the anticipated yield increases. Its application engineers adapted and evaluated several lighting designs, while the in-country sales team collaborated to provide investment and payback calculations.

Ray Price, Sunterra Group President, said, “We are happy that Signify walked us through the process of evaluating multiple lighting designs and helped us with payback calculations. Their guidance and support through this long process ensured us that we selected the proper lighting solution for our business. We are excited to be working with Signify.”

“For more than 13 years, greenhouse growers around the world have been looking to Philips horticulture LED lighting products to improve their fruit and vegetable production,” said Udo van Slooten, Business Leader Horticulture at Signify. “The installation of Philips LEDs will help Sunterra manage its energy costs and support quality fruit production.” In addition, LED lighting lasts five to ten times longer than HPS, which results in a more positive return on investment.

Co-founded in 1970 by Stan and Flo Price, and eldest son Dave, Sunterra Farms is known for its farming of top-quality pork. Sunterra is a vertically integrated operation with eight Sunterra Market retail locations in Alberta. The company also sells its pork and cured meat products under its Sunterra Meats and Soleterra d'Italia brands to the Sunterra Markets.

For further information, please contact:

Global Marcom Manager Horticulture at Signify

Daniela Damoiseaux

Tel: +31 6 31 65 29 69

E-mail: daniela.damoiseaux@signify.com

www.philips.com/horti

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 2020 sales of EUR 6.5 billion, we have approximately 38,000 employees and are present in over 70 countries. We unlock the extraordinary potential of light for brighter lives and a better world. We achieved carbon neutrality in 2020, have been in the Dow Jones Sustainability World Index since our IPO for four consecutive years and were named Industry Leader in 2017, 2018 and 2019. News from Signify is located at the Newsroom, Twitter, LinkedIn and Instagram. Information for investors can be found on the Investor Relations page.