MBN-PROLED and Signify (formerly Philips) have concluded a license agreement for the use of Signify (Philips) patents under Signify (Philips) LED-based luminaire license program. Therefore, MBN has access to the great patent portfolio of Signify (Philips) for development of LED products, also covering patents of Color Kinetics and TIR Systems acquired by Philips. Due to the possible use of patents the efficiency of our product development is increased, as there is a multitude of possible innovatively useable technologies available for us now. Additionally our customers are exempted from any claim to license fees by Signify N.V. (formerly Royal Philips Electronics) in relation to the license program when purchasing, reselling and using PROLED products. A possible conflict with Signify (Philips) patents of the licensing program is avoided herewith. The agreement covers all regions of the world and existing patents as well as still pending patent applications.