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    LIGHT   NL0011821392

SIGNIFY N.V.

(LIGHT)
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Real-time Quote. Real-time Euronext Amsterdam - 09/24 11:35:03 am
43.31 EUR   -1.39%
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Signify N : WiZ among first smart lighting players to adopt Matter

05/12/2021 | 03:38am EDT
  • WiZ Matter-upgradable products will be available from September 2021
  • By making its products compatible with Matter, WiZ goes one step further in its commitment to bringing connected smart lighting to everyone

Eindhoven, the Netherlands -Signify (Euronext: LIGHT), the world leader in lighting, announces WiZ as one of the first smart lighting players of which all new products will be Matter-upgradable. Matter, a new open-source industry-unifying technology that enables smart home devices to interact seamlessly, was announced by the Connectivity Standards Alliance on May 11. WiZ's Matter-upgradable new products will hit the shelves from September 2021.

Making smart home onboarding even simpler

WiZ was the first smart lighting provider to adopt both WiFi and Bluetooth, for easier pairing and better connectivity. The daily, intuitive smart lighting brand is already anticipating the required changes to their new products to ensure they are ready to undergo a software upgrade as soon as Matter is launched by the Connectivity Standards Alliance. As one of the first smart home brands to anticipate this new industry-unifying standard in its new products, the brand demonstrates its commitment to offering all consumers an accessible plug-and-play setup, intuitive smart control and seamless interoperability between all WiZ connected lights and other smart devices.

With WiZ's Matter-upgradable products, consumers will be prepared to connect the individual product to any other interoperable smart device.

Rapid adoption of the latest smart home innovation

September 2021 marks a milestone for the smart lighting brand - when all new WiZ product introductions will be Matter-upgradable. In the first half of 2022, WiZ expects its full product portfolio, including existing light bulbs, strip lights, downlights, lamps and other devices, to have the Matter seal of approval on the packaging and be compatible straight from the box.

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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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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