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# 1941 RCA

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Amsterdam, the Netherlands and Baldwin Park, CA.—Oct 11, 2007

Philips to Acquire Specialty Lighting Manufacturer Lighting Technologies International

Company’s high-power xenon lamps to strengthen Philips’ presence in growing, profitable entertainment lighting market
Royal Philips Electronics (AEX: PHI, NYSE: PHG) (“Philips”) today announced it will acquire Lighting Technologies International (“LTI”), a US manufacturer of high-power xenon lamps for the entertainment industry. The transaction is expected to close in the fourth quarter of 2007. Upon closing, LTI will become part of Philips’ Special Lighting Applications business group. No financial details on the transaction were disclosed.

Founded in 1999, LTI has quickly grown to become a leading supplier of cinema projection lighting in the United States, which can be traced in part to its high-power Helios® xenon lamps, for which the company has filed patents. The unique energy-efficient design of the Helios xenon lamp provides the same illumination as competing high-power lamps, but has 30% lower operating costs due to its lower energy consumption. Helios xenon lamps therefore give off less heat than competing products, making the technology easier on films and particularly well-suited for cinema projection.

Headquartered just outside of Los Angeles, California, LTI employs approximately 130 people. The company’s sales grew approximately 40% per year over the last four years, and LTI is forecasting sales for 2007 of approximately USD 20 million. The company’s product portfolio includes xenon, ceramic xenon and metal halide lamps, which are also used in theaters, concerts and famous landmarks, such as the Towers of Light at New York City’s Ground Zero, the US Space Shuttle launch site, the Eiffel Tower in Paris and Egypt’s Pyramids of Giza.

“LTI has been highly successful in building up a strong presence in applications for high-power xenon lamps that will round out Philips’ portfolio of xenon lamps, which until now did not include high-power applications. This will allow us to better access the growing and profitable entertainment lighting market, which we can build on outside the US through Philips’ global sales and distribution network,” explained Bas van de Kieft, CEO of Philips’ Special Lighting Applications business group.
About Lighting Technologies International LLC: Located in Baldwin Park, CA, Lighting Technologies International, LLC corporate headquarters and manufacturing facility is equipped with some of the most modern production equipment available. The 41,000 sq.ft. building is a fully integrated facility that includes manufacturing, R&D, engineering, finance and corporate offices.  LTI’s world-class customer service enables us to offer immediate delivery and the highest quality U.S. manufactured lamps in the industry. Our goal is to meet the comprehensive needs of our customers and to express our commitment to our innovative users. Lighting Technologies International LLC Directory page About Royal Philips Electronics:
Royal Philips (NYSE: PHG, AEX: PHIA) is a diversified health and well-being company, focused on improving people’s lives through meaningful innovation in the areas of Healthcare, Consumer Lifestyle and Lighting. Headquartered in the Netherlands, Philips posted 2013 sales of EUR 23.3 billion and employs approximately 115,000 employees with sales and services in more than 100 countries. The company is a leader in cardiac care, acute care and home healthcare, energy efficient lighting solutions and new lighting applications, as well as male shaving and grooming and oral healthcare. News from Philips is located at www.philips.com/newscenter. 

Royal Philips Electronics Directory page
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