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COLOR KINETICS AWARDED ADDITIONAL PATENT
FOR INTELLIGENT POOL AND SPA LIGHTS
Boston, MA - March 23, 2005 - Color Kinetics Incorporated (NASDAQ: CLRK), a pioneer in the design, marketing and licensing of intelligent solid-state lighting systems and technologies, today announced the issuance of its third patent relating to intelligent pool and spa lights, broadening the company's protection in these markets.
Issued March 22, 2005, U.S. patent number 6,869,204 relates in part to the mechanical advancements made in Color Kinetics' intelligent solid-state pool and spa lights. For example, the technology covered by the patent was applied to make a thin light, which reduces the size of a niche and enables a surface mounted light.
"We are pleased with this additional patent protection of Color Kinetics' intellectual property in the pool and spa space, where our technology has gained significant traction through our OEM and licensing relationships," said George Mueller, Chairman and CEO, Color Kinetics. "We will continue to protect the diverse applications of our innovations in vertical markets outside of the traditional lighting space."
Color Kinetics holds two additional U.S. patents relating to various aspects of color-controllable pool and spa lighting systems, including retrofit systems and custom solutions designed to exhibit the practical and aesthetic benefits of intelligent solid-state lighting. The company has additional patent applications pending in this area.
About Color Kinetics (www.colorkinetics.com)
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 38 patents and has over 130 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.
“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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