Philips and Schréder sign settlement agreement and resolve patent dispute

November 5, 2014

Amsterdam, The Netherlands – Royal Philips (NYSE:PHG, AEX: PHIA) and Schréder S.A. today announced that they have signed a settlement agreement which ends the pending litigation in the LED lighting field.


Financial details and other terms of the settlement agreement will not be disclosed.

For further information, please contact:

Björn Teuwsen
Director Communications
Philips Intellectual Property & Standards
Tel.: +31 6 130 789 75

About Royal Philips:

Royal Philips (NYSE: PHG, AEX: PHIA) is a diversified health and well-being company, focused on improving people’s lives through meaningful innovation in the areas of Healthcare, Consumer Lifestyle and Lighting. Headquartered in the Netherlands, Philips posted 2013 sales of EUR 23.3 billion and employs approximately 115,000 employees with sales and services in more than 100 countries. The company is a leader in cardiac care, acute care and home healthcare, energy efficient lighting solutions and new lighting applications, as well as male shaving and grooming and oral healthcare. News from Philips is located at