Lumileds Lighting and Philips Announce New Partnership

SAN JOSE, Calif. & AMSTERDAM, The Netherlands--Nov. 3, 2004--Lumileds Lighting and Royal Philips Electronics today announced a partnership to develop and market new modular LED lighting solutions for the automotive industry. The new lighting solutions will incorporate Luxeon(R) technology from Lumileds, the world's leading provider of solid-state technology, and design, development and integration expertise from Philips Automotive Lighting, the world's leading provider of automotive lighting solutions.

The new innovative lighting modules will significantly simplify LED lighting design and accelerate the adoption of solid-state lighting solutions by automotive manufacturers.

"Our customers will benefit from the new partnership between Philips and Lumileds," said Hans de Jong, CEO of Philips Automotive Lighting. "Our expertise in system design and the development of breakthrough lighting systems allows us to use Lumileds Luxeon to its full potential and provide the industry with superior LED solutions. Solid-state lighting will represent a significant portion of the future automotive market and Philips Automotive Lighting and Lumileds will set the pace in that market."

"Lumileds' Luxeon, which is already on the road, will ultimately lead automotive applications," said Mike Holt, CEO of Lumileds. "Together with Philips Automotive Lighting we will deliver lighting solutions that were never before possible and that will become the standard for value and performance and safety for all types of vehicles."

The two companies expect the first Luxeon-based products to reach the market in 2005 and to be available worldwide.

About Lumileds Lighting

Lumileds Lighting is the world's leading manufacturer of high-power LEDs and a pioneer in the use of solid-state lighting solutions for everyday purposes including automotive lighting, camera flash, LCD displays and televisions, portable lighting, projection and general lighting. The company's patented Luxeon Power Light Sources are the first to combine the brightness of conventional lighting with the small footprint, long life and other advantages of LEDs. Lumileds also supplies core LED material and LED packaging, and manufactures billions of LEDs annually. Lumileds is headquartered in San Jose, California, with operations in the Netherlands, Japan and Malaysia and sales offices throughout the world. For more information, call Lumileds at 408-435-6111 or visit www.lumileds.com.