Pierlite acquires SenseAgent technology portfolio

MEDIA RELEASE

Pierlite, together with parent company Signify, expands intelligent IoT ecosystem offering with purchase of SenseAgent technology portfolio

Pierlite, a leading provider of lighting and technology solutions in Australia and New Zealand, has acquired the SenseAgent smart building technology portfolio from Levaux for an undisclosed sum. The transaction bolsters Signify’s Interact smart IoT ecosystem offering by integrating the SenseAgent technology.

Developed by Australian company Levaux, SenseAgent offers innovative IoT sensor technology and real-time monitoring software for Health, Education, Commercial, Retail offices and other segments. The SenseAgent portfolio features intelligent IoT sensors which track a diverse range of environmental and physical metrics such as air quality (TVOC/Co2), air flow, energy consumption, temperature, humidity, building occupancy, and people track and trace to name a few. These sensor products feed real-time data into a cloud dashboard software enabling asset managers to track building analytics in real-time and integrate with existing building management systems (BMS), leveraging this data for optimisation, planning and physical built asset management.

SenseAgent’s sensor products are installed in offices, hospitals and industrial facilities and are used daily by building managers to create safer indoor environments and reduce building operating costs. SenseAgent technology already plays a central role in combination with the Pierlite portfolio and is a key component of the company’s Aether LED Troffer – a first-of-its-kind smart luminaire equipped with UV-C/HEPA air disinfection technology – allowing for the combination of live monitoring with improved environments that provide an additional layer of safety to their occupants.

Lydell Stokes, Pierlite General Manager Future Markets, said the acquisition of SenseAgent offers Pierlite the opportunity to radically improve how it addresses building performance and lifecycle management.

“SenseAgent’s technology platform offers unmatched indoor monitoring and tracking capabilities. It will enable us to integrate best-in-class IoT technology into more of our products and offer new solutions, for the benefit of our customers.”

David Gardner, CEO Pacific Market at Signify, said: “The acquisition aligns strongly with Signify’s commitment to product innovation in the region and ambition to expand its portfolio to meet the changing needs of Australian and New Zealand customers.”

“In an industry known for fast-paced technology change and fierce global competition, Signify is proud to be expanding our local footprint through Pierlite and investing in smart IoT technology to help facility managers and asset operators improve the way they manage their environments for years to come.”

Ronnie Koster, Signify Global Segment Leader Office and Industry, said the acquisition of SenseAgent is a perfect fit with its current Interact IOT offering for smart buildings.

“The Interact data platform and its current sensing capabilities will be enriched with SenseAgent’s technologies. This acquistion will allow us to offer a richer portfolio to our customers and deliver sustainable and efficient buildings which provide improved well-being for their occupants. We simplify data enabled decisions and actions to optimise the well-being and efficiency of employees while making buildings more sustainable.”

For further information, please contact:

Sam Sinclair

Phone: +61 415 515 233

E-mail: s.sinclair@sixoclock.com.au

About Pierlite

With a 70–year history, Pierlite is Australia and New Zealand’s leading lighting solutions provider for commercial, industrial and healthcare applications. From architecturally creative designs, technically sophisticated emergency lighting systems, energy efficient, high performance commercial luminaires or completely new custom designed products, we have the innovative lighting solution to suit your requirements.

About Signify

Signify (Euronext: LIGHT) is the world leader in lighting for professionals and consumers and lighting for the Internet of Things. Our Philips products, Interact connected lighting systems and data-enabled services, deliver business value and transform life in homes, buildings and public spaces. With 2021 sales of EUR 6.9 billion, we have approximately 37,000 employees and are present in over 70 countries. We unlock the extraordinary potential of light for brighter lives and a better world. We achieved carbon neutrality in 2020, have been in the Dow Jones Sustainability World Index since our IPO for five consecutive years and were named Industry Leader in 2017, 2018 and 2019. News from Signify is located at the Newsroom, Twitter, LinkedIn and Instagram. Information for investors can be found on the Investor Relations page.