Philips Lumileds Signs Distribution Agreement with KORE of India

Philips has signed a distribution agreement with Key Operation
Electrocomponents (KORE) based in Dehli, India. KORE is part of the Ramakrishna
Electro Components Group, a leading distributor of LED Components in India. The
agreement will give Philips to immediate access to the growing Indian LED
market. Under the agreement, Philips Lumileds, a part of the Dutch company
Philips Electronics, a maker of LED products and solutions, will gain access to
India’s market through KORE’s network. Philips Lumileds said in a
statement that all of its LEDs and LED solutions are now available in India
through KORE.

“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 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 Praveen Mahajan, Director of KORE.

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