The LED used in the Arc AAA RGB has three dice (light emitting chips) that emit red, green, and blue; and the LED also has an IC in it that makes each die light up independently of one another. All of the "magic" happens within the LED casing itself. As long as you feed 3.6 volts or so to the LED, all three LED dice inside will have enough voltage to do their thing. And that's what the Arc does - an inverter in the head changes the 1.5 volts from the AAA cell to the at least 3.6 volts the LED wants.