Neo-Neon Entered Into a Patent License Agreement with Philips

Neo-Neon (HKEX:1868&TDR911868) announced that they entered into a patent license agreement with Philips. The license provides Neo-Neon with full access to the Philips’ LED-related patented technologies that Philips makes available to the lighting industry through its LED Luminaire and Retrofit Bulb licensing program. "We are very pleased that Neo-Neon has joined Philips licensing program. We believe having such an open and accessible license program is greatly assisting in accelerating the adoption of LED lighting and fostering the growth of the LED industry”, said Alvin Zhang, VP. Of Sales & Marketing Dept.of Neo-Neon. This license agreement with Philips follows earlier agreements between Philips and more than 175 companies like Acuity Brands, Osram and Zumtobel. Philips’ licensing program includes many LED luminaire and bulb-related inventions of Philips. Source: www.ledinside.com