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"We applaud any initiative, whether public or private sector, that brings attention to the need for energy-efficient lighting. Though adoption may beaided by government regulations, business consortiums, financial incentives, grass roots movements or other influencers, we believe that LEDs will ultimately win in the market based on their merits as a superior technology, as has been the case with so many disruptive technological innovations in the past," Sims concluded.
About Color Kinetics
Celebrating its 10th anniversary this year, Color Kinetics Incorporated(Nasdaq: CLRK) transforms environments through new, dynamic uses of light. Itsaward-winning lighting systems and technologies apply the benefits of LEDs asa 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 and China . More information is available at http://www.colorkinetics.com.
*Based on past penetration rates of other lighting technologies:Fluorescent lighting share of the U.S. commercial lighting market, Electronic ballasts share of U.S. lighting ballasts, and HID lighting share of the U.S.industrial lighting market.
Editors Note: Digital images of LAX Gateway, Hard Rock Hotel & Casino, British Airways London Eye and other installations are available upon request.
Color Kinetics is a registered trademark and the Color Kinetics logo is at rademark of Color Kinetics Incorporated. All other trademarks mentioned arethe property of their respective owners.