Super Vision International, Inc. (Nasdaq:SUPVA) a world leading manufacturer of fiber optic and LED lighting announced today that it has signed a licensing agreement with Spectrum Manufacturing, Inc. of Toronto, Ontario, Canada for its Variable Color Lighting System patent # 4,962,687. Spectrum Manufacturing Inc. is a member of the A C Lighting Group of companies which is headquartered in the UK. Spectrum is engaged in the production of color changing LED lighting systems primarily for the theater, entertainment and lighting rental industries. They will apply the licensed patent to the production sale and development efforts of their current “Color Block” system.
David George, President of Spectrum Manufacturing Inc, said, “I am pleased that we have licensed the Supervision `687′ Patent as this is in line with Spectrum’s policy of recognizing the intellectual property of others.”
“We will continue to offer this patent to support the growth of the industry and Super Vision will also provide technical and marketing support to our licensees.”
Super Vision had previously purchased the Variable Color Lighting System patent from High End Systems of Austin, Texas. The patent, published on October 16, 1990 by Richard S. Belliveau, the inventor of the “Color Pro” system, provides broad claims in generating variable color lighting effects in response to input control signals using multiple light source means utilizing variable intensity control processing via an addressable central controller. “With the intellectual property concerns in the LED industry, High End Systems made it very clear that they wanted Super Vision to offer this patent on fair and reasonable terms,” stated Brett Kingstone, Super Vision’s President and CEO. “We will continue to offer this patent to support the growth of the industry and Super Vision will also provide technical and marketing support to our licensees.”
According to Mike Bauer, Vice President of Sales and Marketing for Super Vision: “This agreement marks a strategic milestone for Super Vision International, re-affirms the strength of our patent portfolio and demonstrates our willingness to license this technology to other lighting companies.”
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.
Read: Super Vision Signs Licensing Agreement with Spectrum Manufacturing | Business Wire
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