Artistic Licence and Super Vision International Sign Technology Development Agreement.
ORLANDO, Fla.--(BUSINESS WIRE)--March 29, 2004
Artistic Licence of London, England and Super Vision International Inc. of Orlando, Florida, USA (Nasdaq:SUPVA) announced today their joint development agreement for LED lighting and control systems. Artistic Licence is one of the early pioneers of software development and electronic control systems in the lighting industry. Their systems are installed in lighting venues and entertainment complexes worldwide. Super Vision is a world leading manufacturer of LED and fiber optic lighting systems. The partnership will develop industry standards for regulating and controlling LED lighting systems that will be made available for open and widespread use throughout the industry.
Wayne Howell, Managing Director of Artistic Licence, stated: "Both Artistic Licence and Super Vision are leaders in their field and respected pioneers of innovative technology. This new technology sharing agreement allows our companies to pool our resources and intellectual property. Our first area of cooperation is in the LED arena. Both companies are keen to see our wealth of IP and recent new inventions made available to the industry with fairness and nominal cost. I am sure that manufacturers and customers alike will see this as a hugely positive step forward compared to the recent dark ages of LED IP."
Brett Kingstone, CEO of Super Vision stated: "It is an honor to work with Wayne and his team at Artistic Licence. They share our vision of providing an open architecture in which all developers and manufactures in the industry can participate, similar to Linux in the software industry. Their vision of accelerating the growth of the LED lighting industry through a spirit of cooperation and support is inspiring."
Certain of the above statements contained in this press release are forward-looking statements that involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Reference is made to Super Vision's filings under the Securities Exchange Act for factors that could cause actual results to differ materially. Super Vision undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those indicated in the forward-looking statements as a result of various factors. Readers are cautioned not to place undue reliance on these forward-looking statements.
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|Date:||Mar 29, 2004|
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