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COLOR KINETICS NAMED TO INC. 500
Boston, MA - November 11, 2004 -Color Kinetics Incorporated (NASDAQ: CLRK), a pioneer in the design, marketing and licensing of intelligent solid-state lighting systems and technologies, today announced its second consecutive appearance on the Inc. 500, a list of the nation's fastest growing private companies. The list is based on percentage of revenue growth over five years (1999-2003), and this marks Color Kinetics' final year of eligibility, as it completed an initial public offering in June 2004. Color Kinetics ranked #386 with 476% growth over five years.
"This is an exciting achievement for Color Kinetics, and one that reinforces our sharp focus on growth, quality, and
operational excellence to achieve bottom-line success," said George Mueller, Chairman and CEO, Color Kinetics.
"These factors, combined with the strength of our proprietary technologies, strategic partners, and worldwide sales
expansion initiatives, will help support our continued success in the market for intelligent solid-state lighting."
To be eligible for this year's Inc. 500, companies had to be independent and privately held through their fiscal year
2003, have had at least $200,000 in net sales in the base year of 1999 for Inc. 500 alumni and 2000 for new
applicants, and $2 million in net sales for 2003. In addition, their 2003 sales had to exceed 2002 sales.
Companies are ranked on averaged year-over-year sales growth. Inc. verifies all information using tax forms and
audited financial statements from certified public accountants and by conducting interviews with company officials.
The complete list is available in the Inc. 500 Special Issue.
About Color Kinetics
Color Kinetics Incorporated (NASDAQ: CLRK) is a pioneer in the design, marketing and licensing of intelligent solid-state lighting systems and technologies. The company's award-winning product lines apply 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 37 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 www.colorkinetics.com.
“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: Statements in this Annual Report 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 Registration Statement on Form S-1, File Number 333-114386, and in its Annual Report on Form 10-K for the Twelve Months Ended December 31, 2004, each as filed with the Securities and Exchange Commission.
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