Artistic Licence and Super Vision International Inc. (NASDAQ: SUPVA) announced today the signing of their joint development agreement to develop LED control systems.
Artistic Licence, based in London, 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 of Orlando, Fl, is a world-leading manufacturer of LED and fiber optic lighting systems.
The partnership will develop the industry standard for regulating and controlling LED lighting systems that will be made available for open and widespread use throughout the industry.
"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," states Wayne Howell, managing director of Artistic Licence.
Howell continues: "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."
"It is an honor to work with Wayne and his team at Artistic Licence," states Brett Kingstone, Super Vision's CEO. "They share our vision of providing an open architecture in which all developers and manufactures in the industry can participate. Their vision of accelerating the growth of the LED lighting industry through a spirit of cooperation and support is inspiring."
Notice: 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.