COLOR KINETICS AND THE HOLMES GROUP ANNOUNCE AGREEMENT
The Holmes Group to license Color Kinetics' patented technology and expertise
for new line of LED-based consumer products
Boston, MA - August 18, 2003 - Color Kinetics Incorporated, the pioneer of intelligent LED-based illumination technologies, and The Holmes Group, Inc., a multi-brand, global manufacturer of consumer products, today announced an agreement designed to meet growing demand for home environment products that exhibit both the aesthetic and practical benefits of LED-based illumination sources. Through the agreement, The Holmes Group will license Color Kinetics' patented Chromacore® technology and expertise to develop a unique line of LED-based illumination products for residential use.
"With its widely recognized brands and innovative products, we're pleased to list The Holmes Group among the companies whose offerings will apply Color Kinetics' intelligent LED illumination technology as a valuable differentiator," said Bill Sims, President and COO, Color Kinetics. "We look forward to working with The Holmes Group to address growing demand for home lighting products that take advantage of LEDs as a highly efficient and brand strengthening light source."
"This agreement marks a natural collaboration between respective leaders in home environment products and intelligent LED technology, and we're extremely pleased to leverage Color Kinetics' expertise and intellectual property for this exciting addition to our family of products," said Bob Livergood, President, Lighting Divison, The Holmes Group. "The Chromacore-powered products will enhance our options for customers and support our commitment to deliver the highest quality products with the latest technological innovations."
Chromacore is a pioneering technology that applies microprocessor-controlled, multicolored, high-brightness LEDs to generate rich, saturated colors and dynamic effects without the cost and efficiency constraints of conventional lighting methods. By integrating this technology with a new line of consumer products, The Holmes Group will offer the features of colorful accent lighting and programmable lighting effects. In addition, the new products will have the benefits of ultra-long source life, low energy consumption, little heat, and no moving parts, noise, or UV emission.
About The Holmes Group
The Holmes Group, a fully integrated consumer products company, headquartered in Milford, MA, with offices and manufacturing facilities worldwide, is a leading manufacturer of consumer products for Home Environment, Kitchen, and Lighting. With well-known brands such as: Bionaire®; Crock-Pot® Slow Cooker; FamilyCare®; Holmes®; MASTERGLOW®; Patton®; Rival®; and White Mountain®; The Holmes Group continuously develops, manufactures and distributes innovative, high quality products to meet consumer demands.
About Color Kinetics
Color Kinetics Incorporated is the pioneer of intelligent solid-state illumination technologies. The company designs, manufactures and markets an award-winning line of products that apply the practical and aesthetic benefits of LEDs to transcend the limits of traditional light sources for use in professional, consumer, and OEM and licensing applications. Its flagship line of technologies leverage a patented layer of digital intelligence, called Chromacore®, to generate and control millions of colors and dynamic lighting effects. Color Kinetics leads the industry in solid-state lighting innovation, including the custom engineered Chromasic® microchip, and holds a growing patent portfolio encompassing a number of emerging digital technologies. Founded in 1997, the company is privately held and is headquartered in Boston, MA with offices in the UK, China, and a joint venture in Japan. More information can be found at http://www.colorkinetics.com.
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