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BOSTON and AUSTIN, Texas, June 14 /PRNewswire-FirstCall/ -- Color Kinetics Incorporated (Nasdaq: CLRK) and High End Systems Inc., respective industry leaders in LED and entertainment lighting systems, today announced a global licensing agreement that reflects a continuing surge in the use of LED sources for stage and event lighting. High End Systems will license Color Kinetics'patent portfolio to develop its first line of products incorporatingmulticolor LEDs. The initial offering will uniquely combine conventionalsources with LEDs for accent purposes.
High End Systems is credited for innovating some of the entertainmentindustry's most widely used lighting and control systems in its 35-yearhistory - including various options for generating color and effects usingtraditional light sources. The company has illuminated some of the world'sbiggest artists on the largest stages, as well as film and television sets,cruise ships, theme parks, houses of worship, restaurants and retail spaces.Through the agreement, High End Systems will now be able to enhance itsproduct range with the many proven aesthetic and practical advantages of LEDsources.
The royalty-bearing license will apply to sales of applicable High EndSystems products in all markets covered by Color Kinetics' patent portfolio.The agreement also calls for Color Kinetics to receive a royalty-free licenseto specific High End patents.
"High End is best known for our focus on innovation and use of cutting-edge technologies that can advance our industry as a whole. We believe thatLEDs are one such technology, whose impact has only just begun to emerge,"said Richard Belliveau , who co-founded High End Systems and is a prolificinventor with many market-changing products, patents and awards to his credit."As innovators ourselves, we respectfully acknowledge the patented inventionsof others, and no company has contributed more to the research, developmentand commercialization of intelligent LED lighting than Color Kinetics. We viewaccess to their IP as a critical component of our LED-related productdevelopment strategy, and look forward to exploiting the far-reachingpotential of LED technology for our customers."
"This agreement is a testament to how far and how fast LED technology hascome - driving a whole new wave of product development by well-establishedindustry leaders like High End Systems," said Bill Sims , President and CEO,Color Kinetics. "The entertainment industry was among the first to embraceintelligent LED lighting, and the number and caliber of partners we've securedin this space suggest that adoption is still on the rise. We look forward toenabling more market entrants as customers continue to experience and demandthe clear-cut advantages of intelligently controlled LED sources."