aluation, Authorization and Restriction of Chemicals, Energy-use of Products requirements and Product Safety Regulations. Consumer Lifestyle has a portfolio of medically regulated products in its Health & Wellness and Personal Care businesses. For these products the company is subject to the applicable requirements of the United States Food and Drug Administration, the European Medical Device Directive, the CFDA in China and comparable regulations in other countries. Lighting The company serves a large and attractive market that is driven by the need for more light, the need for energy-efficient lighting, and the need for digital and connected lighting. The company engages in the development, manufacture and application of lighting products, systems and services. In 2015, Philips Lighting spanned a full-service lighting value chain – from lamps, luminaires, electronics and controls to connected and application-specific systems and services – through various businesses, such as light sources and electronics, including light-emitting diode (LED), eco-halogen, (compact) fluorescent, high-intensity discharge and incandescent light sources, plus electronic and electromagnetic gear, modules, and drivers; consumer luminaires, including functional, decorative, lifestyle, and scene-setting luminaires; and professional lighting solutions, such as controls and luminaires for city beautification, road lighting, sports lighting, office lighting, shop/hospitality lighting, and industry lighting. In 2015, the Light Sources & Electronics business conducted its sales and marketing activities through the professional, original equipment manufacturer and consumer channels, the latter also being used by the company’s Consumer Luminaires business. The company has expanded its portfolio of connected lighting products for the home by introducing Philips Hue Phoenix, a luminaire providing tunable white light, Philips Hue Go, a portable wireless luminaire, Philips Lightstrip Plus, a LED light strip, and a new bridge enabling Philips Hue to interact with other Apple HomeKit devices and become voice-controlled. The company expanded its portfolio of connected lighting products for the home by introducing Philips Hue Phoenix, a luminaire providing tunable white light, Philips Hue Go, a portable wireless luminaire, Philips Lightstrip Plus, a LED light strip, and a new bridge enabling Philips Hue to interact with other Apple HomeKit devices and become voice-controlled. The company provides a connected LED lighting system for the New NY Bridge in New York. The company launched LifeLight, a solar-powered LED lighting range for homes in Kenya and other African countries. Regulatory Requirements Lighting is subject to significant regulatory requirements in the markets where it operates. These include the European Union’s Waste from Electrical and Electronic Equipment, Restriction of Hazardous Substances, Registration, Evaluation, Authorization and Restriction of Chemicals, Energy-using Products and Energy Performance of Buildings directives. Innovation, Group & Services In 2015, Innovation, Group & Services comprised the activities of Philips Group Innovation (PGI), Group headquarters. PGI encompasses Philips Research, Philips Innovation Services, the Philips Innovation Campus in Bengaluru, the Philips Innovation Center Shanghai, the Philips Innovation Labs in Cambridge (USA), the Philips Africa Innovation Hub, Philips Design, the Philips HealthTech Incubator, and the Emerging Business Areas. PGI actively participates in Open Innovation through relationships with academic and industrial partners, as well as via European and regional projects. Philips Research Philips Research is the main partner of the company’s operating businesses for technology-enabled innovation. It creates new technologies and the related intellectual property, which enables Philips to grow in businesses and markets. In the area of Lighting, the company remains highly focused on offering solutions across the lighting value chain, including software, controls, luminaires, light sources and modules. Philips Innovation Services Philips Inno
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