On December 21st, Philips Lumileds and Fuchang Electronics' Fuchang Electronics LED Division (FLS) announced that they have adjusted their long-standing distribution agreements. The new agreement will allow both parties to build other partnerships based on previously long-standing relationships.
This new agreement builds on the relationship between the two sides through the development of global solid-state lighting solutions. "Our adjusted agreement will allow us to continue to maintain long-term, trustworthy partnerships and partnerships. The new agreement enables us to serve a growing customer base and broadly cover new target markets," said Philip, CEO of Philips Lumileds. Yves Lesaicherre pointed out.
Philips Lumileds and Future Electronics LED Division (FLS) will continue to provide customers with the world's most comprehensive portfolio of specific lighting solutions. From now on, Philips Lumileds will have the opportunity to distribute its LED products through new partners in different geographies, and Fuchang Electronics LED Division (FLS) will have the opportunity to distribute solid-state lighting products from other suppliers from now on. .
“Philips Lumileds will continue to be our key partner. Fuchang Electronics LED Division (FLS) will have the opportunity to expand our portfolio of products to meet the needs of lighting customers from now on. We are very happy about this,†Fuchang Electronics Executive Vice President Gerry Duggan said.
(This article is contributed by Philips)
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