Philips Lighting is changing its name to Signify but says it will keep the Philips brand for its products.
The company was originally spun out of Royal Philips and through an existing licensing agreement with the former parent it will continue to sell its light emitting diode (LED) lighting products under the brand.
The name originates from the fact that light becomes an intelligent language, which connects and conveys meaning, Signify says.
The changing of the name was part of the contractual requirements under the licensing agreement with Royal Philips that required the company to change names less than 18 months after Royal Philips no longer had a controlling interest.
Meanwhile, Signify is now offering Light Fidelity (LiFi)-enabled luminaries for its existing office lighting portfolio.
LiFi is a technology that allows for LED lighting that has a broadband internet connection through light waves. The two-way, high-speed wireless technology is similar to Wi-Fi but uses light waves instead of radio waves to transmit data. LiFi technology provides a broadband connection with a speed of 30 Mb/S without compromising lighting quality.
Icade, a French real estate investment company, is using LiFi in its smart office in La Defense, Paris.