LED maker Philips Lumileds of San Jose,CA,USA and Future Lighting Solutions,a division of Future Electronics,have restructured their long-standing distribution agreement to allow both companies to create additional partnerships.
"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,"says Philips Lumileds'CEO Pierre-Yves Lesaicherre.
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,"says Gerry Duggan,executive VP,Future Electronics.
