| | Switch from old to new lighting solutions will help reach Kyoto commitments |
| Brussels, Belgium – At an energy efficiency forum in Brussels, Royal Philips Electronics (NYSE:PHG, AEX:PHI) today announced a number of energy efficient lighting solutions which could significantly reduce costs, save energy and cut CO2 emissions. In view of the rising demand for energy and imminent climate change, Philips believes that by just switching from old to new technology, massive savings could be made: EUR 51 bn in electricity cost per year, 273 million tons of CO2 emissions per year, 800 million barrels of oil, or the output of more than 265 power plants*. In view of this, Philips thinks the time is right and momentum is there to globally prepare for a switch-over from incandescent bulbs to energy saving bulbs, over time. Today, at an energy efficiency forum in Brussels, Philips is starting this initiative in Europe by calling for a collective action between the lighting industry, governments and NGOs. Philips thinks the switch-over in Europe could happen within a time frame of 10 years. “Light consumes about 19% of electricity, and the majority of light bulbs are based on old, energy inefficient technology,” says Theo van Deursen, CEO of Philips Lighting. “We are increasingly seeing new lighting solutions being installed in road lighting and office buildings, and we now want to take the lead in accelerating the switch in the home by calling for collective action. Today we start this initiative in Europe, where we think the switch-over could take place within 10 years, and we will follow up with other regions taking into account regional differences and developments.” The traditional, incandescent light bulbs are very energy inefficient because 95% of the energy consumed is wasted as heat. As approximately 80% of all lighting in the home is still using incandescent light bulbs, the collective energy waste is enormous. By switching to new technology, an indirect CO2 reduction of 20 million tons in Europe alone could be achieved. For the consumers at home, switching from incandescent bulbs to energy saving light bulb could achieve savings of up to EUR 12 per light bulb per year. In addition to the energy efficient light bulbs available today, Philips has also announced a new generation of retrofit halogen bulbs, called Edore. These halogen bulbs offer clear crisp lighting quality and save 50% energy when compared to incandescent bulbs. Philips’ LED solutions are also available today that can alter the atmosphere in the home by offering a broad pallet of colors from which to choose. Such solid-state and LED lighting offer the promise of even greater energy savings in the future. * 2TWh/yr |
| | | | | | New halogen energy saving lamp.
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| | Vechta in Germany has installed the new CosmoPolis energy saving lighting solutions for improved street lighting. |
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| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | About Royal Philips ElectronicsRoyal Philips Electronics of the Netherlands (NYSE: PHG, AEX: PHI) is a global leader in healthcare, lifestyle and technology, delivering products, services and solutions through the brand promise of “sense and simplicity”. Headquartered in the Netherlands, Philips employs approximately 126,000 employees in more than 60 countries worldwide. With sales of EUR 30.4 billion in 2005, the company is a market leader in medical diagnostic imaging and patient monitoring systems, energy efficient lighting solutions, personal care and home appliances, as well as consumer electronics. News from Philips is located at www.philips.com/newscenter. Forward-looking statementsThis document contains certain forward-looking statements with respect to the financial condition, results of operations and business of Philips and certain of the plans and objectives of Philips with respect to these items, in particular the outlook paragraph in this report.
By their nature, forward-looking statements involve risk and uncertainty because they relate to events and depend on circumstances that will occur in the future. There are a number of factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements. These factors include, but are not limited to, levels of consumer and business spending in major economies, changes in consumer tastes and preferences, changes in law, the performance of the financial markets, pension costs, the levels of marketing and promotional expenditures by Philips and its competitors, raw materials and employee costs, changes in exchange and interest rates, changes in tax rates and future business combinations, acquisitions or dispositions and the rate of technological changes, political and military developments in countries where Philips operates, and industry consolidation.
Statements regarding market share, including as to Philips’ competitive position, contained in this document are based on outside sources such as specialized research institutes, industry and dealer panels in combination with management estimates. Where information is not yet available to Philips, those statements may also be based on estimates and projections prepared by outside sources or management. Rankings are based on sales unless otherwise stated. Use of non-US GAAP information
In presenting and discussing the Philips Group’s financial position, operating results and cash flows, management uses certain non-US GAAP financial measures. These non-US GAAP financial measures should not be viewed in isolation as alternatives to the equivalent US GAAP measure(s) and should be used in conjunction with the most directly comparable US GAAP measure(s). A discussion of the non-US GAAP measures included in this document and a reconciliation of such measures to the most directly comparable US GAAP measure(s) are contained in this document. Use of fair value measurements
In presenting the Philips Group’s financial position, fair values are used for the measurement of various items in accordance with the applicable accounting standards. These fair values are based on market prices, where available, and are obtained from sources that are deemed to be reliable.
Readers are cautioned that these values are subject to changes over time and are only valid at the balance sheet date. When a readily determinable market value does not exist, fair values are estimated using valuation models which we believe are appropriate for their purpose. They require management to make significant assumptions with respect to future developments which are inherently uncertain and may therefore deviate from actual developments. In certain cases, independent valuations are obtained to support management’s determination of fair values. |
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