COLOR KINETICS AND ALTMAN LIGHTING ANNOUNCE AGREEMENT
Altman to license Color Kinetics' patented technology and expertise for new line of intelligent LED-based products
LONDON, UK - PLASA 2003 - September 8, 2003 - Color Kinetics Incorporated, the pioneer of intelligent LED-based illumination technologies, and Altman Lighting, Inc., a leading innovator of theatrical and entertainment lighting products, today announced an agreement whereby Altman will license Color Kinetics' patented Chromacore® technology and expertise and integrate Color Kinetics components for a unique line of intelligent LED-based systems for the theatrical, entertainment, and themed architectural lighting markets. The Chromacore-powered systems are slated for availability in November 2003.
"When it comes to intelligent LED illumination, we recognize the distinct advantages of aligning with Color Kinetics, whose dominant intellectual property, technology, and expertise are unmatched in the field," said Robert Altman, CEO, Altman Lighting. "We're pleased to announce this agreement in support of Altman's commitment to deliver high-quality, state-of-the-art products that meet the rigorous demands of today's foremost lighting designers and specifiers."
"Altman is renowned for its market strength and expertise in theatrical and entertainment lighting, and we're pleased to help distinguish its product offerings through the powerful advantages of Color Kinetics' intelligent LED technology and integrated systems approach," said Bill Sims, President and COO, Color Kinetics. "This agreement further validates Color Kinetics' proven technology and supports our expansion strategy to meet wide-ranging market opportunities through select OEM and licensing relationships."
Chromacore is a pioneering technology that applies microprocessor-controlled, multicolored, high-brightness LEDs to generate 16.7 million colors and dynamic effects without the cost and efficiency constraints of conventional lighting methods. Altman will integrate this technology with a new line of lighting fixtures, including cyclorama and indoor/outdoor wall washing and par lights, to deliver the advantages of complete, intelligent control and unlimited creative potential for the use of color and color-changing effects in diverse applications. Like all Chromacore-based systems from Color Kinetics and its professional lighting partners, the new products will be compatible with Color Kinetics' line of controllers and have the benefits of ultra-long source life, low energy consumption, little heat, and no moving parts, noise, or UV emission.
A prototype will be on display at Color Kinetics' booth (#P51) at PLASA 2003, and Altman will exhibit a wide range of the products at the LDI Show in Orlando, Florida in November.
About Altman Lighting
Since 1953, Altman Lighting, Inc. has been creating lights for stage, screen, and now first-class architectural design that are industry benchmarks for features, performance, and durability. An original equipment manufacturer based in Yonkers, NY, Altman has produced custom-built and standard lighting instruments for major feature films, Broadway shows, school productions, concert tours, places of worship, and major-chain flagship stores. For additional information, visit www.altmanlighting.com online or call 1-800-4-ALTMAN (1-800-425-8626).
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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