James Thomas Licenses Color Kinetics' Intellectual Property to Bring Pixel Range to North AmericaBOSTON and KNOXVILLE, Tenn., March 29, 2005 /PRNewswire-FirstCall via COMTEX/ -- Color
Kinetics Incorporated (Nasdaq: CLRK), a pioneer in the design, marketing and
licensing of intelligent solid-state lighting systems and technologies, and
James Thomas Engineering, a leading entertainment lighting manufacturer, today
announced that James Thomas will license Color Kinetics' intellectual property
in connection with the marketing of James Thomas' Pixel Range line of LED-
based products in North America.
"We're very pleased to extend the value of our intellectual property to
James Thomas Engineering, a company which recognizes the strength and breadth
of Color Kinetics' patent portfolio," said Bill Sims, President and COO, Color
Kinetics. "Our growing OEM and licensing program exists in part to help
companies like James Thomas Engineering benefit from our intellectual
property, which is the result of years of research and development."
"We look forward to the expanded market opportunities afforded by this
agreement with Color Kinetics," said Mike Garl, President of James Thomas
Engineering. "As the adoption of LED-based illumination accelerates in North
America, we believe the signing of this agreement will allow us to concentrate
on the continued advancement of the technology and the ever-expanding Pixel
Range."
James Thomas' Pixel Range includes a diverse selection of high intensity
solid-state color changing fixtures for use in architectural and entertainment
applications. These compact, high output fixtures are designed for dynamic
projection and colorful wash lighting that are easy to install and maintain,
and are a perfect complement to both interior and exterior applications.
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 line of products applies 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(R), to generate and control
millions of colors and dynamic lighting effects. Color Kinetics holds 38
patents and has over 130 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 http://www.colorkinetics.com.
About James Thomas Engineering
James Thomas Engineering, Inc. is a leading manufacturer of aluminum
lighting fixtures, aluminum truss, ground support and roof systems providing
the highest quality products for over 28 years with manufacturing facilities
in England and the United States. Aluminum lighting fixtures provide the
durable and lightweight quality required by the lighting industry. The
standard fixture range includes a broad range of indoor and outdoor PARs, Cyc
Lites, Spot Banks and Pin Spots. The truss range includes Superlite,
Supertruss, General Purpose Truss, Moving Light Truss, Broadway truss, Ground
Support Towers, Roof systems, circles and custom fabrication. The Pixel Range
of High Intensity LED Lighting fixtures is the newest addition to the
continuously expanding product range. More information can be found at
http://www.jthomaseng.com.
Chromacore, Color Kinetics, and the Color Kinetics logo are registered
trademarks of Color Kinetics Incorporated. All other trademarks mentioned are
the property of their respective owners.
"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 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.
SOURCE Color Kinetics Incorporated
Felicia Spagnoli, Media Relations, +1-617-701-2292, fspagnoli@colorkinetics.com, or
Justine Alonzo, Investor Relations, +1-617-701-2272, jalonzo@colorkinetics.com, both
of Color Kinetics Incorporated; or Mike Garl of James Thomas Engineering,
+1-865-692-3060, mikeg@jthomaseng.com
