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COLOR KINETICS AND FUTURE ELECTRONICS
FORM DISTRIBUTION ALLIANCE
Future Electronics to distribute Color Kinetics' Digital Light Engines in North America, enabling development of complete solid-state lighting systems with support and services
Boston, MA, USA and Montreal, Canada - December 14, 2004 -Color Kinetics Incorporated (Nasdaq: CLRK), a pioneer in the design, marketing and licensing of intelligent solid-state lighting systems and technologies, and Future Electronics, a global distributor of electronic components, today announced an agreement whereby Future Electronics will distribute Color Kinetics' Digital Light Engines (DLEs), including controllers and power/data supplies, via its North American distribution network. As a result, manufacturers will be able to quickly and easily integrate Color Kinetics' LED control technology and system infrastructure into their own product lines, backed by support and services from Future Electronics to ensure successful product development.
Color Kinetics' DLEs are integrated OEM assemblies based on the company's Chromacore® technology and designed to be easily integrated with existing fixtures or to enable new fixture designs. The LED-based lighting modules come in various shapes and sizes, including three newly released versions that further expand the range of possible applications. DLEs are compatible with many control options, including Color Kinetics' broad line of power, control, and authoring technologies as well as standard DMX control and authoring systems. Color Kinetics also provides reference materials and integration guidelines covering thermal, power, optics, regulatory, and other technical considerations - facilitating the development of complete illumination systems based on DLEs.
Future Electronics will extend Color Kinetics' DLEs and system infrastructure to manufacturers seeking to enter or enhance their position in the market for intelligent solid-state lighting systems. Future Electronics will also provide the technical support and services that accompany the DLE offering to facilitate successful technology integration and speed their customers' time to market.
"This agreement reflects Color Kinetics' commitment to fostering industry adoption of intelligent solid-state lighting, and to opening our proven technology to partners across diverse market segments," said Bill Sims, President and COO, Color Kinetics. "The DLE product line represents years of technology development and expertise, and offers an integrated solution that spans LED technology, power and control products, support and services. Future Electronics is an ideal partner to help extend this comprehensive offering throughout North America."
"We're extremely pleased to offer Color Kinetics' market-proven infrastructure for solid-state lighting systems, including advanced LED control technology, authoring and power options," said Jamie Singerman, Corporate Vice-President, Future Electronics. "We believe Color Kinetics' DLE program is unique in its complete system approach - supplementing the hardware component with the technical expertise, accessories and support required to develop high-quality systems."
Availability
Color Kinetics' DLEs are now available from Future Electronics. Call 888-589-3662 for additional information or visit www.FutureElectronics.com for a directory of locations.
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.
About Future Electronics
Future Electronics, a global leader in electronics distribution, ranks 3rd in component sales worldwide. Founded in 1968, the company has emerged as one of the most important entities in the electronics distribution industry and today, is recognized around the globe as one of the industry's most innovative organizations. This position is built upon Future's commitment to maintain close business partnerships with both suppliers and customers, coupled with the strength of its commercial and technical competencies through all stages of the design-production cycle. The company employs 5,000 employees in 155 offices in 35 countries around the world. Future Electronics' web site can be accessed at www.FutureElectronics.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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