Actually it all comes down to legal issues dealing with patents and "Intellectual Property" rights. Several companies are at war and the only real losers are all the consumers and other manufactures. Here is the latest update.
Super Vision Signs Three More LED Patent Licensees
November 29, 2004 10:00:00 AM ET
Super Vision International, Inc. SUPVA a world leading manufacturer of fiber optic lighting and LED lighting products announced today that it has signed an additional three more licensees to its Variable Color Lighting System patent and its Laidman technology portfolio. The three licensees are Element Labs of Austin, Texas, TPR Enterprises of Mamaroneck, New York and Shine Lighting of West Jordan, Utah.
Nils Thorjussen, Founder and President of Element Labs states, "I'd like to thank Brett Kingstone and Super Vision for taking the lead on this critically important matter and making the Belliveau patent and Laidman technology easily available to the industry. Their pledge to use all proceeds to fund ongoing legal costs demonstrates their genuine commitment to the protection of open markets. I strongly encourage other companies to join the LED Alliance and help support the cause. Super Vision is not a huge conglomerate with endless resources available to fund armies of lawyers. The more companies who participate, the more resources Super Vision will have to help reach a successful outcome. Joining the LED Alliance is a good investment in the future of our industry." Mr. Thorjussen was a previous co-founder of Flying Pig Systems, manufacturers of the award winning Wholehog Range of lighting control desks for automated lighting fixtures that has become a standard in the lighting industry. High End Systems, one of the America's largest entertainment lighting companies, purchased Flying Pig Systems in 1998.
Tom Fay, Founder and President of TPR Enterprises states, "LED Lighting as an industry and a technology is in its infancy. It would be a shame to see it stifled. I support Brett and Super Vision's efforts. I must say I am disappointed that I haven't seen more support of Super Vision's efforts from the major LED manufacturers who certainly stand to benefit from Super Vision's actions." TPR is the leading manufacturer of stage lighting products for the Broadway theaters in New York City and major touring companies throughout the United States.
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.