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    LIGHT   NL0011821392

SIGNIFY N.V.

(LIGHT)
  Report
Real-time Quote. Real-time Euronext Amsterdam - 09/24 11:35:03 am
43.31 EUR   -1.39%
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Signify N : Complete Philips Hue range to be compatible with Matter

05/12/2021 | 03:38am EDT
  • The Philips Hue Bridge smart lighting hub will be automatically enriched with Matter, making all connected Philips Hue products compatible with this new industry-unifying standard
  • By supporting Matter, Philips Hue future-proofs its products ensuring a simplified connected experience between its advanced smart lighting and other smart devices
  • Matter is currently expected to be launched by the Connectivity Standards Alliance in the last quarter of 2021

Eindhoven, the Netherlands -Signify (Euronext: LIGHT), the world leader in lighting, announces all existing and new Philips Hue smart lights and accessories will be compatible with Matter via a software update to the Hue Bridge. Matter (previously known as Project CHIP - Connected Home over IP) announced by the Connectivity Standards Alliance (formerly Zigbee Alliance) on May 11, is a new industry-unifying standard that enables smart devices to work together seamlessly. Philips Hue users will therefore benefit from greater interoperability - making organizing an innovative smart home easier than ever before.

Matter to be enabled across all Philips Hue products in just one step

Philips Hue offers the easiest-to-personalize and most comprehensive smart lighting, for which the Hue Bridge is the smart lighting hub that connects and controls all Philips Hue products, from indoor and outdoor lights to entertainment features, smart accessories, and more. To take the Philips Hue smart home integration to the next level, the software in the user's Hue Bridge will simply be updated automatically with Matter. Via this update Philips Hue users will benefit of a simplified connected experience when integrating with other smart home devices. As all previous settings and personalization across Philips Hue products will remain after the Hue Bridge Matter update, users will continue to enjoy the wide range of features to personalize their homes with smart lighting, including light scenes, automated schedules, advanced entertainment possibilities and more.

Philips Hue is a leading contributor to the development of Matter

As a Connectivity Standards Alliance board member, a Matter and Zigbee steering committee member and active member in developing the specification and certification, Signify has established itself as a leading player in the development of Matter (previously known as Project CHIP - Connected Home over IP). Signify has contributed from the start to develop the new industry-unifying standard to enable a seamless integration with smart lighting and to further enhance the unique Philips Hue user experience. Signify has actively participated in demos and periodically tested Matter interoperability of Philips Hue products with smart home partners, ensuring current and future Philips Hue users will have a superior and seamless connected experience.

Disclaimer

Signify NV published this content on 12 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 May 2021 07:37:05 UTC.


ę Publicnow 2021
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Financials
Sales 2021 6 869 M 8 050 M 8 050 M
Net income 2021 372 M 436 M 436 M
Net Debt 2021 1 121 M 1 314 M 1 314 M
P/E ratio 2021 14,7x
Yield 2021 3,42%
Capitalization 5 406 M 6 331 M 6 336 M
EV / Sales 2021 0,95x
EV / Sales 2022 0,87x
Nbr of Employees 39 143
Free-Float 92,8%
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Mean consensus OUTPERFORM
Number of Analysts 12
Last Close Price 43,31 €
Average target price 54,73 €
Spread / Average Target 26,4%
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Managers and Directors
╔ric Rondolat Chief Executive Officer
Engelen Van Chief Financial Officer
Arthur P. M. van der Poel Chairman-Supervisory Board
Tony Thomas Chief Digital & Information Officer
Rita S. Lane Member-Supervisory Board
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