By June, Philips Lighting North America will debut its L Prize Bulb, an LED bulb that was the first to win the Department of Energy's "L Prize, " an award for energy efficiency.
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It also introduces the ability to program Philips Hue lighting systems with entertainment activities allowing you to adjust the room's lighting as easily as changing the volume of your television.
Philips thinks such lighting will become part of interior design.
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Pyrex, into new markets like health imaging or a 100-year-old company, like Philips, from lighting to healthcare electronics, then Kodak can by focusing on what historically is relevant to it roots: producing images.
They were installed by Dutch lighting specialists Philips, who also claim the LEDs enhance the viewing experience.
In lighting, for instance, we've seen the development of light bulbs that can not only be turned on and off (and dimmed) via WiFi, but also change color -- from companies as diverse as lighting giant Philips and Kickstarter campaigner LIFX.
Philips' biggest competitors include the lighting and electronics divisions of General Electric and Siemens.
Luxim, a privately-held company that would not disclose its revenues, will be competing in the land of lighting giants like GE, Philips, and Osram (a unit of German conglomerate Siemens).
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The latest facelift (unveiled last night with help from Grammy-award winning singer Alicia Keys) comes in the form of a cutting-edge LED lighting system, provided by Philips Color Kinetics (PCK).
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Philips said weak construction activity was hurting its lighting division, though LED light sales were up 38 percent as the new technology continues to replace traditional incandescent bulbs.
The bulbs I am buying come from GE and Philips, the two long time leaders in consumer lighting.
For an eye-popping introduction to the future of lighting, walk into the lobby of Philips Color Kinetics' headquarters outside Boston.
The startup is competing with other LED lighting startups as well as industry giants such as Philips and Toshiba.
Now, a team of researchers from AGFA-Gevaert, IMEC, Holst Centre and Philips have prototyped a 12- x 12-centimeter flexible OLED lighting panel that swaps out the ITO for highly-conductive transparent resin electrodes.
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"This is a major step forward for the lighting world, " said Rene van Schooten, CEO of Philips' light sources division.
One recent Philips product, called ambilight, will even change the feel of your room lighting to suit the film you are watching.
ECONOMIST: How two European giants keep up with the global race
Investors chose to focus on the outlook given by Philips, which sells medical equipment, consumer electronics and is the world's biggest lighting maker.
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