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COLOR KINETICS AND LITECONTROL
ANNOUNCE OEM AGREEMENT
Litecontrol adopts Color Kinetics' Digital Light Engines and
control technology to enter
intelligent solid-state lighting market
Boston, MA and Hanson, MA - October 19, 2005 - Color Kinetics Incorporated (NASDAQ: CLRK) and Litecontrol Corporation today announced an OEM agreement, merging the respective strengths of two Massachusetts-based lighting industry pioneers. Litecontrol, a leading architectural lighting manufacturer for nearly 70 years, will now enter the intelligent solid-state lighting market by applying Color Kinetics' technology, expertise and intellectual property for a unique LED-based product line.
Litecontrol's record of innovation includes the development of many widely used interior architectural fixtures. Recognizing the increasingly prevalent role of LEDs in architectural lighting, Litecontrol will expand its product portfolio with three LED-based offerings that are readily adaptable to common lighting environments, including pendant fixtures and wall sconces. The products will be based on Color Kinetics' versatile Digital Light Engines (DLEs), which apply patented Chromacore® technology to efficiently generate colored light and color-changing effects. They will also be compatible with Color Kinetics' line of intuitive controllers, providing a complete, integrated system for diverse applications, from wall washing to cove and accent lighting.
"This agreement marks a natural collaboration between respective leaders in architectural lighting systems and intelligent solid-state lighting technology," said Veda Ferlazzo Clark, President and CEO, Litecontrol. "Our commitment to developing innovative, high-quality lighting systems is reflected by our decision to partner with Color Kinetics, whose proven LED technologies are helping to shape the future of lighting itself."
"LEDs have crossed over from a promising technology to a proven, energy-efficient source for illumination, and they will only continue to advance with time. As such, LED-based systems are more readily adopted by the specification community,"said Bill Sims, President and CEO, Color Kinetics. "Litecontrol understands the sophisticated demands of this customer base, and we're pleased to enable their new LED-based product line with the quality and performance for which both companies are known."
Litecontrol's first offering of Chromacore-based products from the LC-Euro Collection are slated for availability in Spring, 2006.
Color Kinetics actively helps partners enter or enhance their position in the growing market for intelligent solid-state lighting. The company provides proven technology, subsystems, components, IP, expertise and services to help partners speed their time to market with unique products that exhibit the many aesthetic and practical advantages of LEDs - both for color and white light applications.
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.
About Litecontrol
Litecontrol, founded in 1936, and now an employee-owned company, is a leader in the design, development, manufacture, and marketing of innovative, high quality architectural lighting systems. Primary markets for the Company's products include office buildings, schools, hospitals, laboratories, libraries and retail spaces throughout North America. With over 200 employees, the Company fabricates, paints, and assembles its products at two fully integrated manufacturing facilities totaling 450,000 square feet in Hanson and Plympton, Massachusetts. More information is available at www.litecontrol.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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