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COLOR KINETICS ADDS FIVE OEM AND LICENSING PARTNERS
IN THIRD QUARTER TO DATE
Newly signed agreements bring company total to 31 active OEM and Licensing partners,
representing diverse lighting market segments
Boston, MA - September 22, 2004 - Color Kinetics Incorporated (NASDAQ: CLRK), 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 five agreements signed in the third quarter of 2004 to date.
The newly signed OEM and Licensing partners are CityLight, a Turkish architectural lighting firm; City Theatrical, Inc., a lighting accessories manufacturer; Next Generation Lighting, LLC, a new developer of custom solid-state lighting solutions; Orange22, a furniture manufacturer; and, as previously announced, Spectrum Manufacturing, a manufacturer of entertainment and event lighting products.
"Color Kinetics supports the widespread adoption of intelligent solid-state lighting through an open and active OEM and Licensing program, and we're pleased to help these companies go to market quickly and easily with value-added offerings based on proven technology," said Bill Sims, President and COO, Color Kinetics. "By extending our core expertise, technologies and complete system approach to third parties, we're creating more choice in the marketplace while maximizing the return on our investment in innovation."
"Through our agreement with Color Kinetics, we have developed a specialized power/data solution that effectively meets the most rigorous demands of entertainment and event lighting applications - combining Color Kinetics' industry-proven technology with our market expertise," said Gary Fails, President, City Theatrical.
Color Kinetics forms OEM and Licensing relationships with manufacturers who recognize the value and increasingly prevalent role of intelligent solid-state lighting technology, both within and beyond the core lighting industry. Companies align with Color Kinetics in a number of ways, including the purchase of Digital Light Engines for turnkey integration into their own product lines, and by licensing the company's core technologies and corresponding intellectual property. Existing OEM and Licensing partners include Altman Lighting, Balboa Instruments, B/E Aerospace, Hayward Pool Products, The Holmes Group, HoMedics, Main Light Industries, Tireflys and Zumtobel Staff Lighting, among others.
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 35 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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