Cylon Energy acquire 50 Philips Teletrol BAS Dealers

July 1, 2013 Manchester, NH - Cylon Energy Inc. announced today that it has acquired the Building Automation System Dealer Business of Philips Teletrol Systems Inc., from Royal Philips Electronics (AEX: PHI, NYSE: PHG).

Cylon Energy Inc., a subsidiary of Cylon Controls Ltd. in Dublin, Ireland, has been managing the Building Automation System Dealer Business of Philips Teletrol Systems Inc. since April 2012, and supporting the Philips Teletrol BAS dealer network to supply and install Philips Teletrol and Cylon Building Automation systems and technologies. Cylon Energy Inc. provides an upgrade path for all legacy Teletrol BAS systems to the Cylon native BACnet BAS and Active Energy SaaS Energy management solution.

Sean Giblin, CEO of Cylon, says, "This is an exciting expansion of Cylon’s presence in North America and is part of Cylon’s strategy to expand the availability of our leading building energy efficiency technology to US Building owners. Existing Teletrol building owners will be able to avail themselves of a seamless upgrade path for their legacy Teletrol Integrator Building Automation Systems to the latest open protocol building control and SaaS energy management technology from Cylon which can save up to 25% of a building’s energy consumption.”

About Cylon Controls
Cylon is a pioneer and a recognized international leader in the development of smart energy management systems for buildings for over 25 years.  Working through a worldwide network of system integrators, Cylon has customers in Europe, North America, Asia, the Middle East and Africa.

Cylon Controls is one of the largest independent manufacturers of building control systems in Europe. With a solid history in controls and global Building Energy Management experience, Cylon understands buildings and, more importantly, how to optimize a Building Energy Management System.

In 2008, driven by our passion to contribute to energy efficiency and conservation, we identified the need for a smart, user-friendly and engaging way for organizations to monitor and analyze energy consumption that could deliver real energy and cost savings.  In 2009 we developed the innovative Active Energy SaaS (Software as a Service) Product to meet this need.

[an error occurred while processing this directive] In 2012 Cylon Controls set up Cylon Energy Inc. in Manchester, New Hampshire to manage the Building Automation System Dealer Business of Philips Teletrol Systems Inc. For more information, please visit www.cylon.com.
 
About Royal Philips Electronics
Royal Philips Electronics (NYSE: PHG, AEX: PHIA) is a diversified health and well-being company, focused on improving people’s lives through meaningful innovation in the areas of Healthcare, Consumer Lifestyle and Lighting. Headquartered in the Netherlands, Philips posted 2012 sales of EUR 24.8 billion and employs approximately 116,000 employees with sales and services in more than 100 countries. The company is a leader in cardiac care, acute care and home healthcare, energy efficient lighting solutions and new lighting applications, as well as male shaving and grooming and oral healthcare. News from Philips is located at www.philips.com/newscenter.