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Article: Color Kinetics and Super Vision Reach Comprehensive Settlement.
- Article from:
- Business Wire
- Article date:
- December 6, 2006
CopyrightCOPYRIGHT 2006 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BOSTON & ORLANDO, Fla. -- Color Kinetics Incorporated (NASDAQ:CLRK), a leading innovator of LED lighting systems and technologies, and Super Vision International, Inc. (NASDAQ:SUPVA), a world leader in solid-state LED and fiber optic lighting systems and controls, today announced a joint settlement agreement ending all pending litigation between the two companies.
Through the agreement:
* Super Vision will pay Color Kinetics a set fee as settlement for all past claims Color Kinetics has against Super Vision, including the amount awarded to Color Kinetics by the U.S. District Court for the District of Massachusetts.
* Super Vision will drop its ...