Philips Lumileds and Future Lighting Solutions, a division of Future Electronics, announced they have restructured their long-standing distribution agreement. The new arrangement allows both companies to build upon their long-standing relationship while creating new opportunities for additional partnerships.
The new agreement builds on a relationship that has enabled the growth for both companies through the development of solid-state lighting solutions worldwide. "Our restructured agreement allows us to continue our collaboration with a long-term, trusted and successful partner. With the new agreement, we are able to serve the needs of our growing customer base and carry on our widespread expansion into new target markets,” said Pierre-Yves Lesaicherre, CEO Philips Lumileds.
The Philips Lumileds and Future Lighting Solutions partnership will continue to provide customers with access to the world’s most comprehensive portfolio of application specific LED solutions. Philips Lumileds will now have the opportunity to distribute and sell its LED products through additional partners in various regions. Future Lighting Solutions will now have the opportunity to distribute other suppliers’ solid-state lighting lines.
“Philips Lumileds will continue to be a valued partner for us. We at Future Lighting Solutions will now have the opportunity to expand our portfolio of products in order to address the needs of our lighting customers. We are excited with this development,” said Gerry Duggan, Executive Vice President, Future Electronics.
