Phillips to Aquire Color Kinetics
Just as I predicted on March 26th, 2007 in a earlier post, Color Kinetics is being purchased by a major lighting manufacturer. As far as the industry is concerned I think this is good news overall. Phillips has the manufacturing power that Color Kinetics never possessed and I would expect the price of LED lighting products to drop over the course of the next year which is a good thing for consumers. It will be very interesting to see how Phillips wraps color kinetics distributors into their portfolio since most distributors are highly trained professionals when it comes to led lighting products. Hopefully Phillips will not lose the edge on computer driven light because the led market is getting more competitive every day.