Royal Philips Electronics has recently completed its acquisition of TIR Systems Ltd., a leading supplier of specialized Solid State Lighting (SSL) technology and products for high quality white light.

In addition to products sold into the architectural and corporate identity markets through its established sales channels, TIR developed and commercialized the Lexel® technology. Lexel is the first fully integrated SSL light source designed to be analogous to a conventional lamp, socket, and ballast for ease of adoption by lighting manufacturers. Lexel incorporates advances in thermal management, optical design and feedback to produce controllable illumination that is maintained for the life of the product.

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June 8 - Philips Completes Acquisition of TIR Systems

June 6 - TIR Announces Final Regulatory Approval to the Arrangement

May 14 - TIR Announces Court Approval of the Arrangement

May 10 - TIR Announces Results of Securityholder Meeting

Mar 13 - Philips to Acquire TIR Systems Ltd.

Since its inception in 1982, TIR has established itself as a highly experienced specialty lighting manufacturer serving architectural, commercial, industrial and corporate identity markets around
the globe.

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TIR has established the foundations of a powerful consortium by signing collaborative agreements with some of the world's most respected lighting manufacturers.

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