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DELOITTE & TOUCHE NAMES COLOR KINETICS ONE OF NEW ENGLAND'S FASTEST GROWING TECHNOLOGY COMPANIES
Color Kinetics ranks 32nd among the Technology Fast 50 with
471% revenue growth over five years
Boston, MA - September 30, 2004 - Color Kinetics Incorporated (NASDAQ: CLRK), a pioneer in the design, marketing and licensing of intelligent solid-state lighting systems and technologies, today announced its inclusion among the prestigious Deloitte Technology Fast 50, which recognizes the fastest growing technology companies in New England. The distinction marks Color Kinetics' second consecutive appearance on the list, which is based on percentage of revenue growth over five years (1999-2003).
"We're thankful for this recognition by Deloitte, which reflects Color Kinetics' strong growth and leadership position in intelligent solid-state illumination," said George Mueller, Chairman and CEO, Color Kinetics.
"Deloitte Technology Fast 50 companies have shown the strength, vision and temerity to succeed despite a challenging technology environment," said Stephen DiPietro, Deloitte partner responsible for the New England Technology Fast 50 program. "Color Kinetics has proven to be one of the fast-growth success stories in New England, and we applaud their success and vision."
To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in
1999 and $1,000,000 in 2003, must be public or private companies headquartered in North America, and be a "technology" company defined as owning proprietary technology that contributes to a significant portion of the company's operating revenues (using other companies' technology in a unique way does not qualify); and/or devoting a significant proportion of revenues to research and development of technology.
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 35 patents and has over 120 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.
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. Known as an employer of choice for innovative human resources programs, the firm is dedicated to helping its clients and its people excel. "Deloitte" refers to the associated partnerships of Deloitte & Touche USA LLP (Deloitte & Touche LLP and Deloitte Consulting LLP) and subsidiaries. Deloitte is the US member firm of Deloitte Touche Tohmatsu. For more information, please visit Deloitte's web site at www.deloitte.com/us.
“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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