Forbes Names Color Kinetics Among 25 Fastest Growing Tech Companies for Second Consecutive Year
01 Février 2007 - 2:00PM
PR Newswire (US)
BOSTON, Feb. 1 /PRNewswire-FirstCall/ -- Color Kinetics
Incorporated (NASDAQ:CLRK), a leading innovator of LED lighting
systems and technologies, today announced its inclusion among
Forbes' annual list of the country's 25 fastest growing technology
companies. The winners represent the top performers among 2,200
public U.S. tech stocks, and Color Kinetics was one of just 11 to
land the distinction for the second consecutive year. "This
achievement marks the perfect start to our 10th year in business,
highlighting our ability to sustain growth while investing back in
the key areas of technology innovation, product development, OEM
and licensing programs, marketing and salesforce expansion to
remain a recognized leader in LED lighting," said Bill Sims,
President and CEO, Color Kinetics. "Ten years ago, it may have been
unthinkable for a lighting company to appear on a list of top
performers in the technology sector, but we've shown that there's
more to our industry than bulbs and fixtures. We believe that LEDs
will profoundly shape the future of light -- not only in the way
that it's controlled and applied, but in mitigating strain on our
energy resources and environment. The technologies and intellectual
property at the core of our business will continue to help guide
this exciting transformation," said Sims. Color Kinetics ranked #22
on the list with 35% EPS growth -- the fourth highest rate among
the winners -- and 32% growth in five-year sales. To qualify for
the list, companies must have at least $25 million in sales, 10%
annual sales growth for five consecutive years, profitability over
the past 12 months, and 10% estimated annual profit growth for the
next three to five years. The complete list appears in the February
12 issue of Forbes and is accessible at http://www.forbes.com/
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 and China. 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 Justine Alonzo, Investor Relations,
+1-617-701-2272, , both of Color Kinetics Incorporated Web site:
http://www.colorkinetics.com/ http://www.forbes.com/
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