August 28, 2007 – Vol.12 No.23

Philips Completes Acquisition of Color Kinetics.

Color Kinetics designs and markets lighting systems based on Light Emitting Diode (LED) technology and has in excess of 15,000 professional installations worldwide and an array of large, industrial customers in professional channels. The company will be consolidated within the Luminaires business group of Philips' Lighting division.

The acquisition to strengthen Philips leading position in LED Lighting systems, components and technologies, according to the company.

As a result of the transaction, Color Kinetics will further bolster Philips' intellectual property portfolio, adding important patents relating to intelligence and control technology for LED lighting.

For Philips the acquisition of Lumileds in 2005, added high-power LEDs to Philips product line, and on the recent acquisition of TIR Systems provided the company with a strong line of fully-integrated Solid State Lighting (SSL)-modules used to deliver integrated lighting products to fixture manufacturers.

Color Kinetics is headquartered in Burlington, Massachusetts with offices in the UK and China. (8/27/07)

Links:

Color Kinetics http://www.colorkinetics.com

Philips http://www.philips.com

Disclaimer, Forward-Looking or Safe Harbor Statement on original press release: yes

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