August 3, 2004 ... Company Signs On Four New OEM And Licensing Partners In Second Quarter
BOSTON, Mass USA... Color Kinetics Incorporated (Nasdaq: CLRK - News), a pioneer in the design, marketing and licensing of intelligent solid-state lighting systems and technologies, today announced the continued traction of its OEM and Licensing business with four Agreements signed in the second quarter of 2004. By aligning with Color Kinetics, these companies are expected to gain a competitive advantage in quickly and easily exploiting the many benefits of proven solid-state lighting technology across wide-ranging products and applications.
The newly signed partners are Crystal Fountains, a provider of water feature solutions; Electrix Illumination, a manufacturer of architectural lighting fixtures; Grupo G1-V3, a Mexico-based lighting firm; and KIM Lighting, a manufacturer of outdoor architectural and landscape lighting products And division of Hubbell Lighting, Inc.
The growth of Color Kinetics OEM and Licensing business is testament to the value it offers -- the integration of our core expertise, technologies, intellectual property, support and complete system approach -- empowering partners to enter or enhance their position in the market for intelligent solid-state lighting, said Bill Sims, President and COO, Color Kinetics. Were pleased to work with these new partners to speed their time to market and further support industry adoption of solid-state lighting.
Color Kinetics has an open, active approach to forming OEM and Licensing relationships with manufacturers who recognize the value and increasingly pervasive role of intelligent solid-state lighting. The company extends its proven Chromacore? and Chromasic(TM) technologies, intellectual property and brand recognition To manufacturers seeking to enhance and differentiate their own product offerings across a wide variety of market segments, both within and beyond the lighting industry. Companies align with Color Kinetics in a number of ways, including the purchase of Digital Light Engines for turnkey integration into their Homemade product and Licensing partners include Altman Lighting, Balboa Instruments, B/E Aerospace, Hayward Pool Products, The Holmes Group, HoMedics, Intermatic, Main Light Industries, Tireflys And Zumtobel Staff Lighting, among others.
About Color Kinetics
Color Kinetics Incorporated (Nasdaq: CLRK - News) is a pioneer in the design, marketing and licensing of intelligent solid-state lighting systems and technologies. The companys award-winning line of products applies 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 30 patents And has over 120 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. More information can be Found at http://
Chromacore, Color Kinetics, the Color Kinetics logo, ColorBlast, ColorBurst, ColorPlay, ColorScape, Direct Light, iColor, iColor Cove, iPlayer, QuickPlay, Sauce, the Sauce logo, and Smartjuice are registered trademarks and Chromasic, ColorBlaze, ColorCast, Direct Light Player, and Optibin are trademarks of Color Kinetics Incorporated. All other trademarks mentioned are the property of their respective owners.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding Color Kinetics Incorporateds 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 involved 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 Companys Registration Statement on Form S-1, File Number 333-114386, filed with the Securities and Exchange Commission.
Contacts:
Felicia Spagnoli
Media Relations
Color Kinetics Incorporated Incorporated
+1 (617) 701-2292
Justine Alonzo
Investor Relations
Color Kinetics Incorporated
+1 (617) 701-2272
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