Signify Wins The Prestigious ‘National Energy Conservation Award 2020’ For Its Philips Eye Pro 9W LED Bulb

* This award is presented by the Bureau of Energy Efficiency (BEE), Ministry of Power, Government of India

* The award-winning Philips Eye Pro 9W LED Bulb saves up to 90% energy compared to a traditional bulb and lasts up to 10 times longer

* Also features Signify’s patented Interlaced Optics technology to enhance eye comfort

Signify, the world leader in lighting, has won the prestigious National Energy Conservation Award 2020 for its Philips Eye Pro 9W LED Bulb  at a virtual award ceremony hosted by the Bureau of Energy Efficiency in India. The awards are presented by the Bureau of Energy Efficiency (BEE), part of the Ministry of Power, Government of India, to honor industries and establishments that have taken special efforts to reduce energy consumption while maintaining their production.

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Description automatically generatedThe company won the award in the ‘Most Energy Efficient Appliance of the Year- LED Bulb’ category for its best-selling Philips Eye Pro 9W LED Bulb that saves up to 90% energy compared to a traditional bulb and lasts up to 10 times longer. The bulb has a 50% wider light spread compared to other LED bulbs and features the company’s patented Interlaced Optics technology to enhance eye comfort. The bulb exceeds the mandated industry standards such as ROHS compliance, fire-retardant material and high voltage and surge protection.

Commenting on the occasion, Mr. Sumit Joshi, Vice Chairman and Managing Director, Signify Innovations India Limited said, “We are delighted to receive this prestigious recognition from the Bureau of Energy Efficiency (BEE) for our Philips Eye Pro 9W LED Bulb. The award is a testament to our research and innovation efforts centered around delivering the best value for our consumers while also being conscious of our impact on the environment. With this added motivation, we will continue to work with renewed vigor towards achieving our vision of unlocking the extraordinary potential of light for brighter lives and a better world.”

The National Energy Conservation Awards were given away for the first time on December 14, 1991, which was declared as the `National Energy Conservation Day'. The program is based on the four pillars of India’s energy future- access, efficiency, sustainability and security.

Image: Philips 9w LED bulb was awarded as the ‘Most Energy Efficient Appliance of the Year- Bulb’

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 2019 sales of EUR 6.2 billion, we have approximately 37,000 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.