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Press release from PR Newswire

Philips Earns Breakthrough Award for LED Technology

Tuesday, October 11, 2011

Philips Earns Breakthrough Award for LED Technology14:41 EDT Tuesday, October 11, 2011Popular Mechanics Recognizes AmbientLED Bulb for InnovationNEW YORK, Oct. 11, 2011 /PRNewswire/ -- Philips Lighting has been honored by POPULAR MECHANICS as a winner of a 2011 Breakthrough Award, which recognizes innovators and products that dramatically advance the fields of technology and other disciplines.Ten companies were selected in the Breakthrough Product Awards category, with Philips Lighting recognized for AmbientLED, an environmentally and economically sustainable indoor light bulb. The first credible replacement for the 60-watt incandescent, AmbientLED ? using innovative light-emitting diode (LED) technology ? uses just 12.5 watts of power, saves 80 percent in energy costs, vastly reduces carbon emissions and is rated to last 25,000 hours."Philips Lighting and our other Breakthrough Award winners not only capture the imagination, but hold the potential to improve lives," said James B. Meigs, editor-in-chief of POPULAR MECHANICS. "We are pleased to honor this year's diverse list of visionaries, as they are shaping the future of innovation." Zia Eftekhar, CEO, Philips Lighting North America, said, "Winning this prestigious award from POPULAR MECHANICS further validates our commitment to and focus on sustainable and viable lighting technologies. AmbientLED is one of the numerous LED-based products in our ever-growing portfolio, making a positive impact on the lives and wallets of consumers."Last week, Philips Lighting was also selected as a 2011 Leader of Change Award winner by the Foundation for Social Change and the United Nations Office for Partnerships. The award recognized the company's longstanding commitment to sustainability through the development of innovative lighting, including LED technologies. Earlier in 2011, Philips won the U.S. Department of Energy's L Prize competition, which challenged the lighting industry to develop high-performance, energy and money-saving replacements for conventional light bulbs.  Philips Lighting and the other Breakthrough Award winners received the seventh-annual Breakthrough Awards at a gala ceremony in New York City on October 10. Descriptions of the winners will be published in the November issue of POPULAR MECHANICS.The world's first LED replacement for a 60-watt incandescent bulb, the AmbientLED 12.5-watt is also the first to earn ENERGY STAR® qualification. Philips Lighting is a worldwide leader in developing LED and other lighting technology solutions that aid in the global transition to a sustainable society, while delivering economic, ecological and social benefits. About POPULAR MECHANICSPopular Mechanics empowers readers to navigate the increasingly complex, technological world around us. The magazine, published monthly by Hearst Magazines, inspires, instructs and influences 9 million curious readers. Their mindset?the hunger to know, the desire to investigate and learn?drives them to explore, experiment and experience a wide range of interests. Issues engage readers with breakthroughs in the latest innovations in science and technology; educates with informative how-to stories on vehicles, the home and digital technology; and motivates action with product reviews and comparison tests of the newest equipment and products. Popular Mechanics is also the No. 1-ranked men's monthly magazine when it comes to reaching an environmentally conscious audience. The brand is a 21st-century must-read, with a robust website (popularmechanics.com) and an award-winning tablet edition. About Royal Philips ElectronicsRoyal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is a diversified health and well-being company, focused on improving people's lives through timely innovations. As a world leader in healthcare, lifestyle and lighting, Philips integrates technologies and design into people-centric solutions, based on fundamental customer insights and the brand promise of "sense and simplicity." Headquartered in the Netherlands, Philips employs over 120,000 employees with sales and services in more than 100 countries worldwide. With sales of EUR 22.3 billion in 2010, the company is a market leader in cardiac care, acute care and home healthcare, energy efficient lighting solutions and new lighting applications, as well as lifestyle products for personal well-being and pleasure with strong leadership positions in male shaving and grooming, portable entertainment and oral healthcare. News from Philips is located at www.philips.com/newscenter.For further information, please contact:Silvie CasanovaSenior Manager, Lighting Communications,Philips Electronics North AmericaPh: 781-418-7928Email: silvie.casanova@philips.comSOURCE Royal Philips Electronics