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COLOR KINETICS AND OSRAM SYLVANIA
ANNOUNCE LICENSING AGREEMENT
OSRAM SYLVANIA licenses Color Kinetics' patents to develop
an LED system for Gotham Architectural Downlighting
Boston, MA and Danvers, MA - October 3, 2006 - Color Kinetics Incorporated (NASDAQ: CLRK) and OSRAM SYLVANIA today announced an agreement whereby OSRAM SYLVANIA will license Color Kinetics' patents for a product to be marketed by Gotham Architectural Downlighting, an Acuity Brands company.
Under the license, OSRAM SYLVANIA will create an intelligent, multi-color light-emitting diode (LED) system for Gotham. The global license will apply to sales of this product in all markets covered by Color Kinetics' patent portfolio.
"This is a significant agreement for Color Kinetics," said Bill Sims, President and CEO, Color Kinetics. "Earning the OSRAM SYLVANIA stamp of validation sends a strong message to the industry, and reaffirms the value of the innovations protected by our broad patent portfolio."
"The lighting industry is undergoing dramatic change as LED sources influence the design of completely new products and applications," Sims added. "The power of our proprietary control methods makes it possible to customize environments with light as never before, and we're excited to see these techniques being adopted by long-established leaders in the lighting industry."
"We are pleased to have the opportunity to license the Color Kinetics patents for this OEM opportunity," said Sameer Sodhi, general manager of the OSRAM SYLVANIA LED Systems division. "LEDs offer exceptional flexibility in the creation of new and unique lighting fixtures. Through this agreement, we are able to provide a complete LED system solution meeting the high standards of our OEM customer. This system is an important new product for OSRAM SYLVANIA and reflects our company's focus on developing customized LED solutions."
"Every Gotham luminaire is designed to enhance architecture and make our customers' space more visually interesting," said Steve Wiese, Director, Gotham Architectural Downlighting. "By tastefully integrating color into our decorative luminaires we offer visually distinct products that are relevant to modern interior design. LEDs make the use of color more interesting -- we now can dynamically control the colors achieved and the rate in which they change, allowing designers even greater creative latitude."
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.
About Osram Sylvania
OSRAM SYLVANIA is a leader in lighting solutions and specialty products that feature innovative design and energy saving technology. The company sells products for homes, businesses and vehicles primarily under the SYLVANIA brand name, and also under the OSRAM brand. Headquartered in Danvers, Mass., OSRAM SYLVANIA is the North American operation of OSRAM GmbH, a wholly owned subsidiary of Siemens AG. For more information, visit www.sylvania.com.
About Acuity Brands Lighting and Gotham Architectural Downlighting
Acuity Brands Lighting is one of the world's leading providers of lighting fixtures and includes brands such as Lithonia Lighting®, Holophane®, Peerless®, Hydrel®, American Electric Lighting®, and Gotham®. Headquartered in Atlanta, Georgia, Acuity Brands employs approximately 10,000 people and has operations throughout North America and in Europe and Asia. More information is available at www.acuitybrands.com. Gotham® Lighting develops downlighting products that enhance the appearance of modern spaces. The company's focus on architectural integration, optical performance, reliability and innovative manufacturing processes has made Gotham one of the most respected names in architectural downlighting. More information is available at www.gothamlighting.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.
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