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COLOR KINETICS ANNOUNCES
LATEST ACHIEVEMENTS IN WHITE LIGHT INNOVATION
Boston, MA -February 8, 2006 - Color Kinetics Incorporated (NASDAQ: CLRK), a leading innovator of intelligent solid-state lighting systems and technologies, today announced its latest achievements in white light innovation - both for specialty applications and the fast-approaching realization of general illumination.
The company will apply years of cumulative expertise in thermal, optical and binning management, as well as control, power, networking, and other proprietary processes to expand its IntelliWhite™ series, introduce new single color temperature white light products, and deliver a comprehensive platform for general illumination in the second half of 2006. The platform comprises a replaceable ballast, socketed light module and multiple control options, forming the springboard for a new family of Color Kinetics products and enabling broad adoption through OEM relationships.
"White LEDs are advancing at remarkable rates -- enabling completely new applications and fast approaching viability for general illumination. Our platform results from eight years of development, market-tested prototypes, and an industry-first line of controllable white light products that we've been delivering for over a year," said Bill Sims, President and CEO, Color Kinetics.
"Color Kinetics understands the complexities, technical challenges, standards and compliance demands that are critical to the development of solid-state lighting systems, whether for color or white light. These factors far surpass the enclosure of LEDs on a circuit board. We believe that we're in a highly qualified and capable position to successfully deliver on the promise of white light - influencing the progression of an industry shift that was originally thought to be decades away."
In the U.S. alone, demand for lamps, not including fixtures, is projected to reach $5 billion by 2009*. Incandescent and halogen sources account for approximately half of that market, yet they are the two most inefficient sources at roughly 11 and 13 lumens per watt respectively, accounting for far more than half of total energy consumed by lighting. Color Kinetics will directly target this replacement opportunity with two initial products based on its modular white light platform and slated for availability in the second half of 2006:
- A recessed downlight offering the output of a 6" fixture in a 56% smaller aperture area of just 4", minimizing visual intrusion to the ceiling plane and reducing the required cavity height
- A next-generation MR16 lamp with output sufficient to replace widely-used halogen models, targeted for applications in hospitality and retail settings
Additionally, Color Kinetics will unveil three of its next-generation IntelliWhite products at ARC 06 in London, February 13 - 14, enabling new and dynamic uses of white light to customize spaces, create customer experiences, alter ambience, and enhance displays. The systems uniquely allow the simple customization of environments with color temperature control - a capability first developed and commercialized by Color Kinetics. This translates to greater versatility in the use of white light, whether responding to changes in daylight, highlighting certain attributes of an illuminated object, or altering displays without re-lamping existing fixtures. The new systems include:
- iW Blast 12 Powercore - offering the versatile aesthetics, ease-of-control, and compact, rugged nature of iW Blast 12 in a complete line voltage system, thanks to Powercore™ technology, which integrates power and data management directly within the fixture to reduce wiring and simplify installation.
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- iW Profile g2 - a low-profile, linear 12" (30.2 cm) system that features higher light output and enhanced light quality with new optics and advanced LEDs. It will be offered in three different beam angles; narrow, medium and forward-throw asymmetric, to meet diverse application demands.
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- iW Cove Powercore - a higher-intensity 12" (30.2 cm) linear system designed for common interior alcove applications. It also incorporates Powercore technology for simplified installation, and accommodates the use of many units in a continuous run, easily navigating bends and curves with end-to-end connectors.
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The new IntelliWhite systems are slated for general availability in April 2006. Digital images are available upon request.
About Color Kinetics
Color Kinetics Incorporated (NASDAQ: CLRK) transforms environments through new, dynamic uses of light. Its award-winning lighting systems and technologies apply the benefits of LEDs as a highly efficient, long lasting, environmentally friendly, and inherently digital source of illumination - reinventing light itself as a highly controllable medium. Color Kinetics also enables widespread adoption of LED lighting through OEM and licensing partnerships in diverse markets. The company is headquartered in Boston, MA with offices in the UK, China, and Japan. More information is available 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, 2005, File Number 000-50798, and most recent 10-Q, each as filed with the Securities and Exchange Commission.
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