COLOR KINETICS DEMONSTRATES CONTINUED TRACTION
OF OEM AND LICENSING BUSINESS
Company signs on four new OEM and Licensing partners in second quarter
Boston, MA - August 3, 2004 - Color Kinetics Incorporated (NASDAQ: CLRK), a pioneer in the design, marketing
and licensing of intelligent solid-state lighting systems and technologies, today announced the continued traction of its OEM and Licensing business with four agreements signed in the second quarter of 2004. By aligning with Color Kinetics, these companies are expected to gain a competitive advantage in quickly and easily exploiting the many benefits of proven solid-state lighting technology across wide-ranging products and applications.
The newly signed partners are Crystal Fountains, a provider of water feature solutions; Electrix Illumination, a
manufacturer of architectural lighting fixtures; Grupo G1-V3, a Mexico-based lighting firm; and KIM Lighting, a
manufacturer of outdoor architectural and landscape lighting products and division of Hubbell Lighting, Inc.
"The growth of Color Kinetics' OEM and Licensing business is testament to the value it offers - the integration of our core expertise, technologies, intellectual property, support and complete system approach - empowering partners to enter or enhance their position in the market for intelligent solid-state lighting," said Bill Sims, President and COO, Color Kinetics. "We're pleased to work with these new partners to speed their time to market and further support industry adoption of solid-state lighting."
Color Kinetics has an open, active approach to forming OEM and Licensing relationships with manufacturers who
recognize the value and increasingly pervasive role of intelligent solid-state lighting. The company extends its proven Chromacore® and Chromasic™ technologies, intellectual property and brand recognition to manufacturers seeking to enhance and differentiate their own product offerings across a wide variety of market segments, both within and beyond the lighting industry. Companies align with Color Kinetics in a number of ways, including the purchase of Digital Light Engines for turnkey integration into their own product lines, and by licensing the company's core technologies and corresponding issued patents. Existing OEM and Licensing partners include Altman Lighting, Balboa Instruments, B/E Aerospace, Hayward Pool Products, The Holmes Group, HoMedics, Intermatic, Main Light Industries, Tireflys and Zumtobel Staff Lighting, among others.
About Color Kinetics
Color Kinetics Incorporated (NASDAQ: CLRK) is a pioneer in the design, marketing and licensing of intelligent solid-state lighting systems and technologies. The company's award-winning product lines apply the practical and aesthetic benefits of LEDs to transcend the limits of traditional light sources for use in high-performance lighting and OEM and licensing applications. Its products and technologies leverage a patented layer of digital intelligence, called Chromacore®, to generate and control millions of colors and dynamic lighting effects. Color Kinetics holds 29 patents and has over 115 patent applications pending that apply to many aspects of solid-state lighting technology. Founded in 1997, the company is headquartered in Boston, MA with offices in the UK, China, and a joint venture in Japan. More information can be found at www.colorkinetics.com.
“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: Statements in this Annual Report regarding Color Kinetics Incorporated’s business that are not historical facts are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Readers are cautioned that these statements involve risks and uncertainties, are only predictions and may differ materially from actual future events and results. For a discussion of such risks and uncertainties, see “Risk Factors” in the Company’s Registration Statement on Form S-1, File Number 333-114386, and in its Annual Report on Form 10-K for the Twelve Months Ended December 31, 2004, each as filed with the Securities and Exchange Commission.
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