Philips Lighting Revolutionizes Times Square with Smart Technology

Strategic Insights -

As the world prepares to ring in the new year with a blast of fireworks and light, Philips Lighting is set to bring a new level of innovation to the iconic Times Square celebration. The company's CEO, Bruno Biasiotta, joins Tom Keene and Cristina Alesi from the ball viewing platform to explain how its award-winning Hue bulbs will be used to highlight the numerals on the ball, marking a significant step towards smart lighting in homes and cities.

Key Takeaways:

  • Philips Lighting is incorporating its award-winning Hue bulbs into the Times Square celebration, featuring numerals that can be controlled with smart devices.
  • The company believes lighting can be the "Trojan horse" of the internet of things, with people changing the way they view lighting from a disposable good to a durable good.
  • The ban on 40 and 60 watt incandescent light bulbs will have a significant impact on consumers, with new bulbs offering 88% energy efficiency and lasting 25 times longer.
  • The new bulbs will also save consumers close to $140 over the lifetime of the bulb, with Bruno Biasiotta estimating a significant energy efficiency and cost impact.
  • The company's innovation is not limited to lighting, with Philips also working towards smart city solutions and sustainable technologies.
  • Philips is committed to advancing recycling efforts for halogen bulbs and is investing in R&D to make lighting a more durable and sustainable product.

Statistics:

  • The Times Square celebration will feature Philips' award-winning Hue bulbs, which can be controlled with smart devices.
  • The new bulbs offer 88% energy efficiency and last 25 times longer than traditional incandescent bulbs.
  • Consumers can expect to save close to $140 over the lifetime of the bulb.
  • Philips estimates that lighting can reduce energy consumption by 80-90% with its innovative technology.
  • The ban on 40 and 60 watt incandescent light bulbs will take effect on January 1, marking a significant shift towards smart lighting in homes and cities.

Sources:

  • Bloomberg News
  • Philips Lighting
  • CQ-Roll Call, Inc.