Press Release

	Printable Version
COLOR KINETICS CEO TO PRESIDE OVER NASDAQ OPENING BELL Boston, MA - August 3, 2006 - Color Kinetics Incorporated (NASDAQ: CLRK), a leading innovator of LED lighting systems and technologies, today announced that President and CEO Bill Sims will commemorate the company's ninth year in business and second year of success in the public market by ringing the NASDAQ Stock Market Opening Bell on Monday, August 7 at 9:30 am ET. "This is a perfect forum for celebrating Color Kinetics' success to date, including our early work in developing LED systems and technologies that are increasingly displacing traditional light sources in numerous applications," said Sims. "We grew from $1 million in revenues in 1998 to $52.9 million in 2005, achieving an average annual increase of 31% over the past five years. In that same five-year timeframe we increased overall gross margins from 30.2% to 52.9%, and have been profitable for the past 13 consecutive quarters." "In addition, we've seen our technology installed in thousands of prominent venues around the world - including the very building that houses NASDAQ. Ringing the opening bell will mark how far we've come, and also signal the next phase of our mission to make LED lighting a universally adopted solution - both for cost- and energy efficiency. We thank our employees, customers and shareholders for their on-going support," said Sims. To view the opening bell ceremony live, visit http://www.nasdaq.com/reference/marketsite_about.stm to access the NASDAQ MarketSite webcam at least 15 minutes in advance. About Color Kinetics Color Kinetics Incorporated (NASDAQ: CLRK) transforms environments through new, dynamic uses of light. Its award-winning 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 LED 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.