Royal Philips Electronics (NYSE: PHG, AEX: PHI) and the State Hermitage signed an agreement today, under which Philips will provide two major sites of the Hermitage with innovative energy efficient lighting solutions. The joint project by the Hermitage and Philips - a global leader of innovative lighting technology - will be living proof of how modern energy-saving technologies can be embedded into a historical site to update its look and reduce energy costs by 55% while providing an unparalleled opportunity to showcase the exhibits at their best.
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