MILPITAS, CA--(Marketwired - Jun 11, 2014) - Sigma Designs® (NASDAQ: SIGM), a leading provider of intelligent System-on-Chip (SoC) solutions for Smart TV, Smart Homes, and IPTV set-top boxes announced today the addition of Edge Electronics as an authorized distributor of Z-Wave development kits and components. The explosion of the home control market has created an enormous demand for Z-Wave, the market-leading technology in the home control field. Expanding the distribution channel to include Edge Electronics has become an essential response to the growth in the market.
Traditional home hardware companies as well as innovative new start-ups are taking advantage of Z-Wave's interoperability to join the ecosystem of over 1000 devices that cater to all aspects of the smart home. The opportunity to quickly become part of a cloud-serviced based Internet of Everyday Things by creating a product for the Z-Wave ecosystem is appealing to a broad range of manufacturers, many of whom are already Edge customers, creating a valuable synergy between the two companies.
Demand for Z-Wave and home control services has been on the rise over the past few years driven by security providers such as ADT, Vivint, Alarm.com and Honeywell as well as leading telecom providers and MSOs. Retailers and e-tailers have embraced this new category and consumers are enjoying the broad choices available to them through the many leading brands powered by Z-Wave. Now in its 5th generation of chip technology, Z-Wave continues to dominate the consumer home control and monitoring market.
"The new partnership between Sigma Designs and Edge Electronics will help meet the exponential growth of Z-Wave," said Raoul Wijgergangs, Worldwide vice president of the Z-Wave business line for Sigma Designs. "The interoperability and popularity of Z-Wave continues to drive new innovation and capabilities in home control. This partnership will be a big opportunity to further advance the market as Edge Electronics brings both experience and industry acumen to the table."
"Edge is proud to partner with Sigma Designs to offer Z-Wave's innovative products to our customers," said Adrienne Giannone, President and CEO of Edge Electronics, Inc. "Their lineup is built to help device makers quickly and easily enter or expand their position in the home automation industry, aligning perfectly with our mission to provide easy access to emerging technology."
Edge will be carrying a full range of global development kits, reference designs as well as the complete portfolio of Z-Wave modules. To get in touch with an Edge Electronics representative call 800-647-EDGE or email edge@edgeelectronics.com. For more information on Edge Electronics, please visit www.EdgeElectronics.com.
For more information on Sigma Designs, visit z-wave.sigmadesigms.com
About Sigma Designs
Sigma Designs, Inc. (NASDAQ: SIGM) is a world leader in connected media platforms. The company designs and builds the essential semiconductor technologies that serve as the foundation for the world's leading IPTV set-top boxes, DTV, connected media players, residential gateways, home control systems and more. For more information about Sigma Designs, please visit www.sigmadesigns.com.
About Edge Electronics, Inc.
Edge Electronics, Inc., based in Bohemia, N.Y., is a leading franchised distributor of electronic components (Active, Passive and Interconnect) and display solutions (LCDs and related products). With strategically located sales offices throughout the U.S., Edge focuses on providing industrial, commercial and consumer OEMs and contract manufacturers with the most personalized customer service in the industry, easy access to the latest technologies, and fully customizable solutions that are the perfect fit for each customer's specific application and business model. Founded in 1990, Edge Electronics is ISO 9001:2008 certified for quality and is a certified Women's Business Enterprise (WBE) that is both established and flexible, making it an invaluable supply-chain partner for electronics manufacturers across all industries.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements about the anticipated benefits of Sigma's products and solutions. Actual results may vary materially due to a number of factors including, but not limited to, general economic conditions, including the general rate of adoption of Sigma's Z-Wave chip technology, Sigma's ability to deploy and achieve market acceptance for Sigma's products in its target markets, the ability of its SoCs to compete with other technologies or products in these markets as well as other risks that are detailed from time to time in Sigma's SEC reports, including its quarterly report on Form 10-Q. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Sigma undertakes no obligation to publicly release or otherwise disclose the result of any revision to these forward-looking statements that may be made as a result of events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.