COLOR KINETICS APPOINTS NEW UK DISTRIBUTORS
Boston, MA - April 6, 2006 - Color Kinetics Incorporated today announced its growing presence in the European market with the appointment of two new distribution partners in the UK. In addition, the company will support the local lighting industry as a new member of the European Lighting Designers Association (ELDA).
Color Kinetics' Q4 2005 revenues from European sales increased 102% year over year, including contributions from the UK market. Today Color Kinetics' lighting systems are applied in many notable local installations. Most recently they were used to light the beacon atop a 22-story residential tower in London's Tabard Square - allowing it to change color according to barometric conditions. As the atmospheric pressure changes, the color of the beacon changes, providing a measurement of weather conditions that is visible for many miles across the city.
Other installations of note include Plantation Place, Great Ormond Street Hospital, City Place House and 27 Knightsbridge in London, the Corner House in Nottingham, and the Fruitmarket Gallery in Edinburgh. Color Kinetics' systems were also used to light the set of The X Factor -- one of the UK's top-watched entertainment programs with an estimated 10 million viewers.
"We are very pleased with the sales growth achieved in 2005, and we look forward to working with our new distribution partners to make continued strides in 2006. We now have the broadest sales coverage in Europe in the company's history to date," said Neil Gamble, Director of European Sales.
The newly appointed partners are:
Solus Solutions Ltd. (Representing Northern England and Scotland)
ECI Lighting (Representing Ireland)
Color Kinetics has been represented in Southern England for over three years by:
About Color Kinetics
Color Kinetics Incorporated (NASDAQ: CLRK) transforms environments through new, dynamic uses of light. Its award-winning intelligent solid-state 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 intelligent solid-state 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.
Color Kinetics Incorporated
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Color Kinetics Incorporated