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COLOR KINETICS DEMONSTRATES CONTINUED TRACTION OF
OEM AND LICENSING BUSINESS
New and existing partners seek Color Kinetics' technology and expertise
to
distinguish their LED-based product lines
Boston, MA - July 21, 2005 - Color Kinetics Incorporated (NASDAQ: CLRK), a pioneer of intelligent solid-state lighting systems and technologies, today announced the continued traction of its OEM and Licensing business, both in extending its expertise to new partners, and renewing its agreements with existing partners who are realizing success in the market today with Color Kinetics' technology and intellectual property. Newly signed partners include:
- Cepia, LLC -- a manufacturer of consumer products who will license Chromacore® to offer a line of illuminated pillows and plush toys.
- Lighting & Electronics, Inc. - a manufacturer of entertainment and architectural lighting who will apply iColor® MR g2 and power/data modules (PDMs) for a custom designed theatrical fixture.
Renewed agreements include:
- Crystal Fountains -- a provider of water feature solutions who will incorporate Color Kinetics' Digital Light Engines (DLEs) and PDMs into its forthcoming line of color-changing fountain products.
- Main Light Industries, Inc. - an entertainment lighting manufacturer whose Chromasic®-enabled Soft-LED drapery continues to find success in the touring and event production markets.
- Zumtobel Staff Lighting, Inc. - an architectural lighting manufacturer who will continue to incorporate Color Kinetics' DLEs in its line of architectural, color-changing fixtures for the North American market.
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| Cepia, LLC | Main Light Industries, Inc. | Zumtobel Staff Lighting, Inc. |
"The continued strides of our OEM and Licensing business reflect the value it offers to both new and existing partners, encompassing the core expertise, technologies, intellectual property and support required to bring their unique products to market," said Bill Sims, President and CEO, Color Kinetics. "In particular, the renewals speak to the tangible success that our program delivers for partners. We have devoted significant sales and development resources to expand our options for third parties, making Color Kinetics' technology readily adaptable to diverse markets and applications."
Companies align with Color Kinetics in several ways, including the purchase of DLEs and other subsystems and components for turnkey integration into their own product lines, and by licensing the company's core technologies and corresponding issued patents. Color Kinetics' partners capitalize on the fast-growing market opportunities for intelligent solid-state lighting by leveraging the company's wealth of knowledge derived from a multi-million dollar R&D program, hundreds of thousands of lighting devices shipped, and more than 10,000 lighting installations worldwide. The company's OEM and Lighting business spans both color and white LED technology, and reaches diverse markets including architectural and entertainment lighting, gaming, aerospace, pool, spa, signage, and consumer products, among others.
About Color Kinetics (www.colorkinetics.com)
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 41 patents and has over 130 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.
"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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