Philips Lighting and Xiaomi join forces in smart home lighting in China
(Thomson Reuters ONE) -
Press Information
November 3(rd), 2016
Philips Lighting and Xiaomi join forces in smart home lighting in China
* Joint venture will design and develop connected LED lighting products for
Xiaomi's smart home ecosystem
* Distribution through Xiaomi's retail channel
Beijing, China - Philips Lighting (Euronext Amsterdam ticker: LIGHT), a global
leader in lighting, and Xiaomi, the mobile internet company, today signed a
joint venture agreement for smart home lighting in China. The companies have
joined forces to design and develop connected LED luminaires and lamps for
Xiaomi's wireless smart home platform, including apps for controlling the lights
both via Android and IoS-based smartphones.
The co-developed products will be sold through Xiaomi's retail channels. The
Chinese company is already successfully selling several smart LED luminaires
especially designed and produced for Xiaomi by Philips Lighting.
The joint venture company will be 70% owned by Philips Lighting and 30% by
Xiaomi. Financial details were not disclosed.
"Bringing together Xiaomi's winning platform and online marketing philosophy
with Philips Lighting's superior connected lighting technology is a great idea,"
said John Wang, the Philips Lighting Market Leader for Greater China. "In the
coming months, Xiaomi customers using its smart home ecosystem will be able to
choose from an even broader family of well-designed connected LED luminaires
that work flawlessly on the Xiaomi platform."
"Philips Lighting is a global leader in the lighting industry with a history of
over a hundred years, while Xiaomi has built a smart home ecosystem with the
largest user base and the widest variety of products in China," said Liu De,
Xiaomi's Co-founder, Vice-president and Head of Mi Ecosystem. "By contributing
respective advantages from both companies, Xiaomi and Philips Lighting will
provide customers with the best smart lighting solutions through this
cooperation."
The joint venture expands Philips Lighting's connected lighting portfolio in
China.
For further information, please contact:
Philips Lighting
Elco van Groningen
Tel: +31 6 10865519
E-mail: elco.van.groningen(at)philips.com
Xiaomi
Zhuoqi Li
Tel: +86 10 6060 6666
E-mail: lizhuoqi(at)xiaomi.com
About Philips Lighting
Philips Lighting (Euronext Amsterdam ticker: LIGHT), a global leader in lighting
products, systems and services, delivers innovations that unlock business value,
providing rich user experiences that help improve lives. Serving professional
and consumer markets, we lead the industry in leveraging the Internet of Things
to transform homes, buildings and urban spaces. With 2015 sales of EUR 7.5
billion, we have approximately 34,000 employees in over 70 countries. News from
Philips Lighting is located at http://www.newsroom.lighting.philips.com
About Xiaomi
Xiaomi was founded in 2010 by serial entrepreneur Lei Jun based on the vision
"innovation for everyone". We believe that high-quality products built with
cutting-edge technology should be made accessible to everyone. We create
remarkable hardware, software, and Internet services for and with the help of
our Mi fans. We incorporate their feedback into our product range, which
currently includes Mi and Redmi smartphones, Mi TVs and set-top boxes, Mi
routers, and Mi Ecosystem products including smart home products, wearables and
other accessories. With more than 70 million handsets sold in 2015, Xiaomi is
expanding its footprint across the world to become a global brand.
Philips Xiaomi JV:
http://hugin.info/172838/R/2053863/768764.jpg
Press Release_Philips Lighting_Xiaomi JV_03112016:
http://hugin.info/172838/R/2053863/768763.docx
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Philips Lighting via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 03.11.2016 - 09:00 Uhr
Sprache: Deutsch
News-ID 504712
Anzahl Zeichen: 4620
contact information:
Town:
Eindhoven
Kategorie:
Business News
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"Philips Lighting and Xiaomi join forces in smart home lighting in China"
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