Signify Underlines Leadership in Lighting for the Internet of Things with New IoT platform at IEEEP 2018 fair

Signify (Euronext: LIGHT), the world leader in lighting, will be showcasing a new Internet of Things (IoT) platform, called Interact, that will enable its professional customers to unlock the full potential of connected lighting for the IoT at the IEEEP 2018 fair. The platform supports the company’s strategy to deliver new data-enabled services as value expands from lighting products and systems to services.

Company expands value beyond lighting products and connected lighting systems to services. New IoT platform represents launch pad for data-enabled services

IoT Platform at IEEEP 2018 fair

The company will also be showcasing connected lighting systems, also branded Interact, that can generate and upload data to its Interact IoT platform to power a growing portfolio of data-enabled services.

Signify has already installed 34 million connected light points worldwide and plans for every new LED product it produces to be connectable by 2020. This growing number of connected light points, sensors and devices, as well as systems, can collect large volumes of data for which Interact was designed to handle. The highly secure, scalable cloud-based Interact IoT platform uses sophisticated and modern data management and data processing capabilities, including machine learning, to bring sense to all manner of data – creating data-enabled services for customers that will deliver better user experience and benefits beyond illumination.

A typical example of such a service is occupancy data from different buildings, combined and analyzed to help managers to understand and predict how people use office space. Such insights can help deliver savings by optimizing the use of existing office space and support better designed, more efficient buildings.

In addition, data from authorized third-parties can also be analyzed by Interact. For example, for a municipal authority, news articles and social media posts, reacting to a new lighting installation on a bridge, can be analyzed and data sent to a social impact app dashboard that summarizes the public sentiment.

Asad Jafar, Country Leader of Signify’s operations in Pakistan, said:

“First, we led the way in energy efficient LED lighting, then in connecting lighting to deliver operational benefits for our customers. Now that light points are smart enough to collect data on their performance and the environment around them, we are tapping into that intelligence. By analyzing the data from our connected lights, devices and systems, our goal is to create additional value for our customers through data-enabled services that unlock new capabilities and experiences,”

Signify became the new company name of Philips Lighting as of May 16, 2018. The legal name of Signify will be adapted in Pakistan in the beginning of 2019.

To learn how the Interact IoT platform and Interact lighting systems are already benefiting customers around the world, please visit Interact-lighting.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, Interactconnected 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, approximately 32,000 employees and a presence in over 70 countries, we unlock the extraordinary potential of light for brighter lives and a better world. News from Signify is located at the Newsroom,Twitter and LinkedIn. Information for investors can be found on the Investor Relations page.

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