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Global Lighting Partnership to Lead Transformation in Corporate Real Estate

Global Lighting Partnership to Lead Transformation in Corporate Real Estate 


    --  Industry leaders partner to deliver energy-efficient Philips
        lighting solutions to Jones Lang LaSalle clients
    --  Partnership provides platform to drive sustainable
        transformation in energy use in global commercial real estate
        markets

SINGAPORE, Sept. 26, 2012 /CNW/ - Royal Philips Electronics (NYSE: PHG, AEX: 
PHIA), the global leader in lighting and Jones Lang LaSalle, (NYSE:JLL), the 
global financial and professional services firm specializing in real estate, 
have entered into a partnership agreement to deliver energy-efficient lighting 
and energy management solutions to all Jones Lang LaSalle clients.

This is the first time two leaders in the corporate real estate and lighting 
industries are working together on this scale to change the way commercial and 
industrial interiors are illuminated with LED and energy-efficient solutions. 
The global agreement starts in Asia Pacific and will be scaled up to cover the 
Americas, Europe, Middle East and Africa.

"Our partnership with Jones Lang LaSalle and our extensive portfolio in 
lighting solutions will allow us to help drive the adoption of 
energy-efficient and sustainable lighting solutions on a large scale in the 
commercial real estate space," said Harjit Gill, Chief Executive Officer for 
Philips in ASEAN & Pacific. "This partnership will further demonstrate our 
capabilities to manage global lighting consultancy services to maximize value 
for our customers."

Michael Raphael, Head of Supply Chain Management and Procurement for Jones 
Lang LaSalle, said: "Jones Lang LaSalle is pleased to partner with Philips to 
present a global lighting solution to companies worldwide. This agreement has 
the potential to drive environmental change while meeting corporate 
aspirations to move to LED and other low energy options. Our partnership with 
Philips is an important step in helping our clients to identify opportunities 
to lower energy usage, deliver more productive workspaces and, in some cases, 
obtain carbon credits."

"The agreement can offer energy savings of up to USD 100million a year for 
Jones Lang LaSalle clients in Asia Pacific, changing the way commercial and 
industrial interiors are illuminated. In Asia Pacific alone, Jones Lang 
LaSalle manages more than 70 million light points for over 150 corporate 
clients. Given the global scale of the partnership, this has the potential to 
drive significant energy savings as approximately 40 percent of electricity 
consumption in buildings is related to lighting," said Raphael.

Both companies will also provide consultancy on energy management with 
intelligent lighting solutions and controls with new and existing customers.

About Royal Philips Electronics

Royal Philips Electronics (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 2011 sales of EUR 22.6 
billion and employs approximately 122,000 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, home and portable 
entertainment and oral healthcare. News from Philips is located at 
http://www.philips.com/newscenter.

About Jones Lang LaSalle

Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm 
specializing in real estate. The firm offers integrated services delivered by 
expert teams worldwide to clients seeking increased value by owning, occupying 
or investing in real estate. With 2011 global revenue of $3.6 billion, Jones 
Lang LaSalle serves clients in 70 countries from more than 1,000 locations 
worldwide, including 200 corporate offices. The firm is an industry leader 
in property and corporate facility management services, with a portfolio of 
approximately 2.1 billion square feet worldwide. LaSalle Investment 
Management, the company's investment management business, is one of the 
world's largest and most diverse in real estate with $47.2 billion of assets 
under management.

Jones Lang LaSalle has over 50 years of experience in Asia Pacific, with over 
22,200 employees operating in 79 offices in 14 countries across the region. 
The firm was named 'Best Property Consultancy' in nine Asia Pacific countries 
at the International Property Awards Asia Pacific 2012, in association with 
HSBC, and was highly commended in a further three countries. For further 
information, please visit http://www.ap.joneslanglasalle.com or 200 East 
Randolph Drive Chicago Illinois 60601| 22 Hanover Square London W1A 2BN| 9 
Raffles Place #39-00 Republic Plaza Singapore 048619

Royal Philips Electronics Contact: Elvin Ong Phone: +65-9829-2055 
Email:elvin.ong@philips.com  Jones Lang LaSalle Contact: Zina Zhang Phone: 
+65-8423-3744 Email:zina.zhang@ap.jll.com

SOURCE: Philips

To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/September2012/26/c9726.html

CO: Philips
NI: ELE ORDER 

-0- Sep/26/2012 07:27 GMT


 
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