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COLOR KINETICS VICTORIOUS
IN SUMMARY JUDGMENT AGAINST SUPER VISION
Court determines that Color Kinetics' asserted patents are valid and infringed by Super Vision
Boston, MA - August 22, 2005 - Color Kinetics Incorporated (NASDAQ: CLRK), a pioneer of intelligent solid-state lighting systems and technologies, today announced that the United States District Court for the District of Massachusetts granted all of its motions for summary judgment against Super Vision International, Inc. with respect to the validity and infringement of Color Kinetics' patents and inequitable conduct.
By granting summary judgment for Color Kinetics, the Court determined that there was no genuine dispute of material fact and that Color Kinetics was entitled to judgment as a matter of law against Super Vision on Super Vision's claims of invalidity of Color Kinetics' patents, and that the patents are infringed by Super Vision. The Court also found that Color Kinetics was not guilty of inequitable conduct regarding its actions with the United States Patent and Trademark Office, as alleged by Super Vision. As such, no trial will be held on these issues.
"This major win vindicates Color Kinetics' intellectual property rights and reaffirms the validity of our patents, which protect important innovations spanning eight years of research and development in intelligent solid-state lighting," said Bill Sims, President and CEO, Color Kinetics. "This resolution sends a strong message that we can and will successfully defend our intellectual property against others who attempt to exploit our investments in innovation. We look forward to our continued progress in developing the fundamental technologies that will drive worldwide use of intelligent solid-state lighting."
The issue of damages is subject to a trial at a later date.
There is no further scheduling update with respect to the patent infringement claim brought against Color Kinetics by Super Vision relating to variable color lighting systems which is pending in the United States District Court for the District of Massachusetts.
About Color Kinetics
Color Kinetics Incorporated (NASDAQ: CLRK) is a leading innovator of intelligent solid-state lighting -- enabling light without limits™. The company's award-winning product lines apply the benefits of LEDs to transform the way light is produced, controlled and applied, advancing the adoption of cost- and energy-efficient lighting worldwide. Its systems leverage a patented layer of digital intelligence, called Chromacore®, to generate and control color and white light for use in high-performance lighting and OEM and licensing applications. The company's investment in research and development is reflected by its wide-ranging intellectual property portfolio. Founded in 1997, the company is headquartered in Boston, MA with offices in the UK, China, and 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 press release 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 Annual Report on Form 10-K for the Twelve Months Ended December 31, 2004, File Number 000-50798, and most recent 10-Q, each as filed with the Securities and Exchange Commission.
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