SIGNIFY NV UNSP/ADR - PHPPY STOCK NEWS

Signify has partnered with Mount Vernon, New York, to implement its Interact connected lighting system and outdoor multisensor technology. This initiative aims to enhance the city’s street lighting and overall infrastructure management. The system allows for remote monitoring and management of over 4,000 Lumec RoadFocus LED streetlights, which optimizes energy use and improves public safety. The multisensor provides valuable data on motion, noise, and temperature, aiding in asset management and sustainable city planning. This smart city project underscores Signify's commitment to leveraging existing infrastructure for enhanced citizen services. In 2022, Signify reported sales of EUR 7.5 billion, demonstrating its leadership in the lighting industry.

Kontakt.io and Signify have formed a strategic partnership to integrate BLE-powered indoor IoT and location services into Signify’s smart lighting solutions. This collaboration aims to enhance healthcare infrastructure, making it more efficient and cost-effective for providers. The connected lighting solutions will include cloud services and IoT sensors to track real-time locations of staff and medical devices, enabling innovations in patient care. Key benefits include cost savings through an integrated system, flexibility for future expansion, and improved patient experiences. The partnership will be showcased at the HIMSS Global Health Conference in Chicago from April 17–21.

On March 1, 2023, Signify, the global leader in lighting, announced its acquisition of Intelligent Lighting Controls, Inc. (ILC), a U.S. manufacturer of wired control systems. This strategic move aims to expand Signify's connected portfolio, particularly in energy-saving solutions across sectors like healthcare and education. Founded in 1990, ILC will continue operations from Edina, Minnesota, and its products will be integrated into Cooper Lighting Solutions, a division of Signify. While financial terms of the transaction were not disclosed, the acquisition is expected to enhance Signify's offerings in the North American market, targeting increased sales of energy-efficient LED products.

Energy Focus, Inc. (NASDAQ: EFOI) has appointed Mr. Kaj den Daas to its Board of Directors. With over 45 years in the lighting industry, den Daas previously served as Executive VP of Philips Lighting B.V. and has extensive experience in manufacturing and marketing lighting products across North America and Asia. He will also be part of the Audit Committee, which will be chaired by Brian Lagarto. Chairman Steve Socolof expressed enthusiasm about den Daas's appointment, citing his industry expertise. Den Daas aims to contribute to the company's profitable growth.

Signify has partnered with Intelligent Waves to enhance military communication systems through their innovative LiFi technology. The collaboration combines Signify's Trulifi solution, which uses light waves for secure data transmission, with Intelligent Waves' GRAYPATH software for enhanced cybersecurity. The integration aims to provide reliable communication for defense personnel in high-risk areas, minimizing the risks of data interception or disruption. This partnership has already gained traction with various branches of the US military.

Eaton Corporation reported a solid fourth quarter for 2021, with earnings per share of $1.37, and record adjusted earnings per share at $1.72, reflecting a 19% increase over Q4 2020. Total sales reached $4.8 billion, marking a 2% rise, propelled by 6% organic growth. Segment margins peaked at 19.3%, a 190-basis point improvement year-over-year. For the full year, adjusted earnings per share hit $6.62, up 35% from 2020. For 2022, Eaton anticipates adjusted EPS between $7.30 and $7.70, indicating continued growth.

ams OSRAM has announced the sale of its Fluence horticulture lighting systems business to Signify for USD 272 million, on a debt-free and cash-free basis. This move aligns with the company's strategy to concentrate on core areas like illumination and sensing. The transaction is expected to close in the first half of 2022, pending regulatory approvals. ams OSRAM will remain a strategic LED supplier for horticulture applications, continuing to innovate in LED technology.

Eaton Corporation plc (NYSE:ETN) reported a third quarter earnings per share (EPS) of $1.57, with an adjusted EPS record of $1.75, a 30% increase from the same quarter in 2020. Sales reached $4.9 billion, a 9% rise year-over-year, driven by organic growth and acquisitions. Segment margins hit 19.9%, a record high. Operating cash flow stood at $471 million, increasing to $750 million when excluding taxes from a divestiture. The company forecasts organic growth of 9-11% for the year, down from 11-13%, due to ongoing supply constraints.