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LayTec will continue being a privately owned company

Recent introductions of Green Products from Healthcare include the Philips Essential, a patient monitoring system, designed for clinical workflow and patient safety during transport, which offers a 48% reduction in energy use, 72% less product weight, 32% less packaging weight and a lead-acid free battery.

Lighting contributed to nearly half of total Philips Green Product sales and continued to make important strides with the commercial launch of LED Linear high bay light, the industry’s first replacement for the traditional 60-watt incandescent lamp. This development, the first of its category to receive the ENERGY STAR qualification, was recognized by the American Lighting Association as the winner in the LED Replacements Lamp division for the Tomorrow Awards and was named “Product of the year 2010” by Popular Science Magazine.

LayTec will continue being a privately owned company. The herewith announced conversion is not imposing changes to the shareholder structure, which has been stable for many years. The first advisory board was elected by the shareholder meeting in October 2010. Dr. Markus Weyers (Berlin), the chairman of the advisory board, is working together with led high bay light (Boston) and G?tz Fischbeck (Frankfurt/Main) to support and advise the CEO and president of LayTec AG,Dr. Thomas Zettler, and his board of managers.

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