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SUPVA Super Vision International (MM)

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Share Name Share Symbol Market Type
Super Vision International (MM) NASDAQ:SUPVA NASDAQ Common Stock
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Super Vision Announces Intention to Appeal Legal Fee and Summary Judgment Rulings

12/05/2006 9:00pm

Business Wire


Super Vision (NASDAQ:SUPVA)
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Super Vision International, Inc. (NASDAQ:SUPVA)(Class A Common), a world leader in solid-state LED and fiber optic lighting systems and controls used in commercial, architectural, signage, swimming pool and retail lighting applications, announced today that the United States District Court for the District of Massachusetts has granted Color Kinetics Incorporated (CLRK) motion requesting the reimbursement for attorneys costs and fees in exchange for waiving willful infringement and any and all rights to damages related to its patents in its infringement case against the company. This order and Color Kinetics' estimated $1.4 million in legal costs and fees, which still need to be documented to the court, will be appealed in conjunction with the overall appeal of the infringement summary judgment issued by the same court back in August, 2005. "We anticipated that the court might grant this motion and we have made preparations accordingly," stated Mike Bauer, President/CEO of Super Vision. "However, just as we stated back in August, we feel strongly that there are numerous material facts and matters of law and that when presented to the appellate level court, the summary judgment and subsequent awarding of legal fees and costs will be overturned. There is still a long way to go in the process and we believe that Super Vision will ultimately prevail." 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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