Philips Expands Global Footprint in India with Ramakrishna Electro Components Partnership

In a move to expand product availability and speed time-to-market of LED lighting solutions, Philips Lumileds today announced the signing of a global distribution agreement with KORE, Key Operation & Electrocomponents Pvt. Ltd. of Delhi. This new agreement enables immediate access to Philips Lumileds application-specific LEDs in India.

“LED lighting is just beginning to take off in India. But we expect remarkable growth in this market over the next several years, in both commercial and off-grid applications,” said Mr. Pierre-Yves Lesaicherre, CEO Philips Lumileds.

“KORE personnel will have full access to the products, services and people at Philips Lumileds, individuals who are committed to improving the customer experience with lighting.”

“Philips Lumileds has been in the forefront of developing best-in-class LED lighting solutions including indoor, outdoor, and industrial market segments and KORE is known for its experienced sales team, outstanding engineering support and large customer base in India providing innate synergies for both of us to partner,” said Mr. Praveen Mahajan, Director of KORE.

Mr. Satish Luthra, Director, KORE’s REC Group added “KORE is now able to provide their customer base with access to the world’s most comprehensive portfolio of application-specific LED solutions. Philips Lumileds is adding KORE to our distribution portfolio further demonstrating our total commitment to the success of our customers in India.”

Philips Lumileds products are now available in India through KORE:

http://www.philipslumileds.com/about-us/howtobuy

About Royal Philips Electronics:

Royal Philips Electronics (NYSE: PHG, AEX: PHIA) is a diversified health &  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 2012 sales of EUR 24.8 billion and employs approximately 116,000 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 www.philips.com/newscenter.

About KORE:
Key Operation & Electro components Pvt. Ltd. (KORE), is a leading distributor, and supplier of a range of LED lighting systems and accessories in India.

Contact:
 S Krishna Moorthy, Sr. Account Manager, Avian Media
1st Floor,1, RamachandraIyer Street,
Off North Usman Road, T Nagar, Chennai -  600 017
D:     + 044-4260 4361, M:   + 91 9442191717
E:    krishna@avian-media.com
W:   www.avian-media.com


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