Elisabeth Allison Elected Chairperson of Color Kinetics' Board of Directors
20 Décembre 2006 - 2:00PM
PR Newswire (US)
BOSTON, Dec. 20 /PRNewswire-FirstCall/ -- Color Kinetics
Incorporated (NASDAQ:CLRK), a leading innovator of LED lighting
systems and technologies, today announced the election of Elisabeth
Allison as chairperson of its board of directors, effective January
1, 2007. Ms. Allison has served as a member of the company's board
since 2002, and as lead independent director since November 2005.
As planned, company co-founder and current chairman George Mueller
will remain a board member. "It's an honor to accept the role of
chairperson among Color Kinetics' distinguished and talented
directors, whose contributions have proven vital to the company's
growth and direction," said Ms. Allison. "Color Kinetics is at the
forefront of a remarkable industry transformation; challenging the
conventions of lighting that existed for over a century. As its
technology continues to set new standards in conservation, design
and performance, I look forward to helping the company realize its
bold ambitions." "Color Kinetics is poised for significant growth
in the years ahead, and we believe that Liz is the ideal choice to
oversee our board during this next exciting phase," said Bill Sims,
President and CEO, Color Kinetics. "As we look to propel LED
technology into the mainstream and further capitalize on its
market-changing potential, the strategic guidance of our board
under Liz's direction will remain a key influence." Ms. Allison is
a senior partner in ANZI Ltd., a transactional firm specializing in
acquisitions, strategic partnerships, joint ventures and licensing
agreements for the publishing and software industries. She has
served as the chief business advisor and negotiator for the Harvard
Medical School in its publishing and media ventures. She also
serves on the boards of three mutual funds of the Capital Research
and Management Corporation. Prior to joining ANZI, she was Senior
Vice President of Development at the McGraw- Hill Companies and
Associate Professor of Economics at Harvard. She holds a BA from
Harvard College and a PhD in Business Economics from the Harvard
Business School and Department of Economics. 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 http://www.colorkinetics.com/. 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 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. DATASOURCE: Color Kinetics
Incorporated CONTACT: Felicia Spagnoli, Media Relations,
+1-617-701-2292, or , or Justine Alonzo, Investor Relations,
+1-617-701-2272, or , both of Color Kinetics Incorporated Web site:
http://www.colorkinetics.com/
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