LIGHTFAIR INTERNATIONAL 2002
Booth #1932
TARGETTI JOINS FIVE NEW INDUSTRIES
EMBRACING COLOR KINETICS TECHNOLOGY
Architectural Lighting leader Joins Pool and Spa, Gaming, Vending and Aerospace Companies In Enhancing Product Offerings with Intelligent LED Illumination;
Expanding Market for LED Technology
SAN FRANCISCO - LIGHTFAIR INTERNATIONAL 2002 - June 3, 2002 - As part of the company's "High Five" celebration at Lightfair, Color Kinetics Incorporated, the leader in intelligent LED illumination technologies, announces today that it is actively expanding the applications for its technology through OEM agreements with leaders in five growing industries - architectural lighting, pool and spa, gaming, vending and aerospace - all signed over the last year.
The most recent of these partnerships is with Targetti Sankey SPA, a leading Italian designer and manufacturer of architectural lighting fixtures and systems. Combining the world's most proven LED illumination expertise with the best in stylish and sophisticated Italian design, Targetti will incorporate Color Kinetics patented Chromacore® intelligent LED illumination technologies, which generate millions of colors and a variety of fully controllable lighting effects, into a new line of custom fixtures. The two companies also plan to co-develop new Chromacore-based "designer" lighting fixtures. Targetti and Color Kinetics plan to jointly launch the new product line in the second half of this year.
Besides aesthetic benefits, LEDs offer a host of practical advantages over conventional light sources that make them an extremely energy efficient, long lasting, low maintenance and versatile source of light. Color Kinetics pioneered LED-based lighting with its line of intelligent fixtures and controllers, which have been in use throughout the world in architectural, hospitality, retail, entertainment, and OEM and licensing applications since 1997. Targetti, a publicly traded, 400-person company founded in 1928 (Symbol: TGSKF), is a global leader in the interior and exterior architectural fixture market. Its products light important and historic works of art, groundbreaking civic projects and major retail showrooms.
Partnering with industry leaders to expand its market base and enable exciting and innovative applications for Chromacore is a key strategic objective for Color Kinetics. According to Color Kinetics Co-Founder, Chairman and CEO George Mueller, the company's expanding OEM partnerships will significantly extend the market for LED-based illumination, which experts predict could become a $50 billion industry. "Through our OEM partnerships, Color Kinetics is opening up new possibilities for the entire LED illumination space," he notes. "We have not even scratched the surface of the variety of applications for this technology, and as more people see LED illumination in everyday products, the opportunities for the entire industry will grow."
Now in its fifth year of operation, Color Kinetics celebrates its fifth appearance at Lightfair International with five major announcements dubbed the "High 5." In addition to the announcement of the adoption of Chromacore technologies in five new industries, other High 5 announcements include significant across-the-board price reductions on all Color Kinetics illumination products, five new color changing products that expand the range of Color Kinetics intelligent LED fixtures, exciting developments in the intelligent white light space, and a new line of single color LED fixtures making Color Kinetics a one stop shop for all LED fixture needs.
About Color Kinetics
Color Kinetics Incorporated is the pioneer of intelligent solid-state illumination technologies. The company designs, manufactures and markets an award-winning line of products that apply the practical and aesthetic benefits of LEDs to transcend the limits of traditional light sources for use in professional, consumer, and OEM and licensing applications. Its flagship line of technologies leverage a patented layer of digital intelligence, called Chromacore®, to generate and control millions of colors and dynamic lighting effects. Color Kinetics leads the industry in solid-state lighting innovation, including the custom engineered Chromasic® microchip, and holds a growing patent portfolio encompassing a number of emerging digital technologies. Founded in 1997, the company is privately held and is headquartered in Boston, MA with offices in the UK, China, and a joint venture in Japan. More information can be found at http://www.colorkinetics.com.
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