Color Kinetics and HoMedics Forge Licensing Agreement

Color Kinetics Incorporated

and HoMedics announced a strategic patent licensing agreement through which HoMedics will develop and market a new line of intelligent LED-based color light products designed for sensory therapy. The innovative Color Cube product line was recently unveiled at the International Home & Housewares Show in Chicago and will be sold via HoMedics' major consumer distribution channels.

Tapping into the power of color therapy, the new Color Cube products feature illumination panels, which display color and light and react to sound, producing varying light patterns for mood-enhancing benefits.

"This is an exciting agreement for Color Kinetics that extends our reach in the market for LED-based consumer products," says Bill Sims, president and CEO, Color Kinetics. "We're pleased to work with HoMedics, whose expertise in sensory therapy products will help reach an entirely new consumer audience for intelligent solid-state lighting technologies."

"HoMedics is pleased to have licensed Color Kinetics' technologies, which we believe will provide HoMedics with a substantial competitive advantage in this field. We are committed to introducing new and revolutionary products that promote health and personal wellness," said Ron Ferber, president and co-owner, HoMedics. "Once again, HoMedics is launching products with advanced proprietary technologies and considers this relationship with Color Kinetics a critical differentiator in the development of our ground-breaking color therapy product line. Our strategic relationship assures us even more exciting products in the future."

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