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Philips Solid-State Lighting Solutions Licenses Patent Portfolio to Renaissance Lighting
BURLINGTON, Mass., and HERNDON, Va.
(Map)
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The global license agreement ends litigation previously brought by Color Kinetics against Renaissance Lighting and will apply in all markets covered by Philips Solid-State Lighting Solutions' patent portfolio.
"The lighting industry is undergoing dramatic change as LED sources
influence the design of completely new products and applications, particularly
when combined with digital intelligence," said
"This licensing agreement moves Renaissance Lighting another step closer to its goal of becoming an important player in the solid-state lighting space," Barry Weinbaum, Renaissance Lighting CEO, said. "The realization that we have acquired immediate access to global patents and the global markets they represent is a huge reinforcement of our strategy to expand Renaissance Lighting's footprint and customer base while rapidly increasing shareholder value. We are being positioned to bring the advantages of LEDs and the dynamic impact they will have on the future of architectural lighting design."
Philips Solid-State Lighting Solutions' patent portfolio focuses on a range of digital technologies and methods of controlling LED sources for a variety of lighting applications and environments.
Renaissance Lighting's own patented lighting systems are utilized by architects and space designers using a technique which blends light from multiple LEDs (light-emitting diodes) in order to produce an elegant, pure single light source. The company's environmentally green technology integrates internal sensors which constantly monitor and adjust light output and color. These same sensors have the ability to activate sleeper LEDs that compensate for the gradual degradation of a fixture's original LEDs during their 50,000- to 70,000-hour life span.
About Renaissance Lighting
Renaissance Lighting, headquartered in Herndon, VA, produces highly creative lighting products delivering exceptional appearance, superior efficiency, and glare-free illumination for all architectural applications. The company's innovative approach to product engineering and design is supported by 25 patents including its optical and feedback control technologies.
About Philips Solid-State Lighting Solutions
Philips Solid-State Lighting Solutions, the new entity formed by Philips'
acquisition of Color Kinetics, transforms environments through new, dynamic
uses of light. Its award-winning lighting systems and technologies apply the
benefits of LEDs as a highly efficient, long lasting, environmentally
friendly, and inherently digital source of illumination - reinventing light
itself as a highly controllable medium. Philips Solid-State Lighting Solutions
also enables widespread adoption of LED lighting through OEM and licensing
partnerships in diverse markets. The company is headquartered in
About
Color Kinetics is a registered trademark of Philips Solid-State Lighting
Solutions in the
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