|[January 20, 2014]
TCP International Holdings LTD Secures Patent Licensing Agreement with Philips for LED Lighting Technologies
AURORA, Ohio --(Business Wire)--
TCP International Holdings LTD, the parent company of Ohio-based
Technical Consumer Products, Inc. ("TCP"), announced today that it
entered into a patent license agreement with Philips (News - Alert) (NYSE: PHG, AEX:
PHIA). This agreement provides TCP with access to Philips' LED-related
patents for certain LED luminaire and bulb technologies. As part of this
agreement, the two companies have agreed to settle and dismiss the
patent infringement lawsuit that was pending in the United States
District Court for the Northern District of Ohio.
The royalty-bearing license allows TCP and its affiliates full worldwide
access to Philips' LED-related patented technologies that Philips makes
available to the lighting industry through its LED Luminaire and
Retrofit Bulb licensing program.
Ellis Yan, TCP's CEO said: "We are happy tha an agreement could be
reached with Philips. This agreement allows TCP greatly improved access
to Philips exclusive patented technologies, and will help TCP further
advance its leadership in LED lighting design and application."
"We continue to believe having such an open and accessible license
program is greatly assisting in accelerating the adoption of LED
lighting technologies and products," said Arian Duijvestijn, General
Manager Lighting at Philips Intellectual Property & Standards. "And as a
recognized producer of energy efficient lighting products, we are
particularly excited to have TCP join the Philips licensing program."
This license agreement with TCP follows earlier agreements between
Philips and other companies. Philips' licensing program includes many
LED luminaire and bulb-related inventions of Philips.
TCP International Holdings LTD, a privately held company located in Zug,
Switzerland with affiliates located in several countries, focuses on
leading edge technologies in energy efficient lighting. TCP's extensive
product offerings include: LED lamps and fixtures, compact fluorescent
lamps, energy efficient halogen lamps, exit and emergency lighting, HID,
decorative and outdoor fixtures, ballasts and fixtures, and linear lamps.
For more information about TCP, visit www.tcpi.com.
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