COLOR KINETICS NAMED TO 2003 DELOITTE TECHNOLOGY FAST 500
Distinction marks the company's third award this year for outstanding revenue growth
Boston, MA - October 14, 2003 -Color Kinetics Incorporated, the pioneer of intelligent LED-based illumination technologies, today announced its further recognition as one of North America's fastest growing technology companies. Color Kinetics falls near the top third of companies named to the prestigious Deloitte Technology Fast 500, which ranks public and private companies according to percentage of revenue growth over five years (1998-2002).
In addition to this latest honor, Color Kinetics ranked high among the New England Technology Fast 50 and the Inc. 500 - two highly regarded programs that acknowledge fast-growth companies.
"We're thrilled with this recognition of Color Kinetics' success to date, and are focused on extending our early achievements to maintain technology, market, and intellectual property leadership in intelligent LED illumination," said George Mueller, Chairman and CEO, Color Kinetics.
"Being one of the 500 fastest growing technology companies in North America is an impressive accomplishment. We commend Color Kinetics for making the Deloitte Technology Fast 500 with a phenomenal growth rate over five years," said Mark A. Evans, national managing partner of Deloitte's Technology, Media & Telecommunications Group.
The Fast 500 list is compiled from Deloitte's 20 regional North American Fast 50 programs, nominations submitted directly to the Fast 500, and public company database research. To qualify for the Fast 500, entrants must have had 1998 operating revenues of at least $50,000 USD and $75,000 CD for the United States and Canada, respectively; and 2002 operating revenues must be at least $1 million USD or CD. Deloitte researchers examined financial statements to validate operating revenues.
Entrants must also be public or private companies headquartered in North America and must be a "technology company," defined as a company that owns proprietary technology that contributes to a significant portion of the company's operating revenues; or devotes a significant proportion of revenues to the research and development of technology. Using other companies' technology in a unique way does not qualify.
About Deloitte
Deloitte, one of the nation's leading professional services firms, provides audit, tax, financial advisory services and consulting through nearly 30,000 people in more than 80 U.S. cities. The firm is dedicated to helping its clients and its people excel. Known as an employer of choice for innovative human resources programs, Deloitte has been recognized as one of the "100 Best Companies to Work For in America" by Fortune magazine for six consecutive years. "Deloitte" refers to Deloitte & Touche LLP and affiliated entities. Deloitte is the U.S. member firm of Deloitte Touche Tohmatsu. Deloitte Touche Tohmatsu is a Swiss Verein (association), and, as such, neither Deloitte Touche Tohmatsu nor any of its member firms has any liability for each other's acts or omissions. Each of the member firms is a separate and independent legal entity operating under the name "Deloitte," "Deloitte & Touche," "Deloitte Touche Tohmatsu" or other related names. The services described herein are provided by the U.S. member firm and not by the Deloitte Touche Tohmatsu Verein. For more information, please visit Deloitte's web site at www.deloitte.com/us.
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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