FREMONT, CA--(Marketwired - Sep 3, 2015) - The Z-Wave Alliance, a global consortium of over 325 member companies supporting the Z-Wave wireless IoT standard, is excited to announce that home improvement company Lowe's has joined its membership with the Iris by Lowe's smart home solution. A retail destination for a variety Z-Wave smart home devices, Lowe's joins a diverse and growing membership of companies committed to the Z-Wave brand.
"As the awareness of the smart home concept becomes more prevalent among consumers with big players entering the market, the demand for DIY smart home solutions grows," said Mitchell Klein, executive director for the Z-Wave Alliance. "As with construction and home repair, we need retailers like Lowe's to offer a combination model of do-it-yourself with knowledgeable staff and education to help consumers get started."
Launched in July 2012, Iris by Lowe's is a smart home solution created to monitor and control virtually everything in the home anytime, anywhere, from a computer, smart phone or tablet. Lowe's was among the first companies to target the mass consumer market with a broad home automation solution and to introduce a truly open platform, with the customer support that consumers have come to trust from Lowe's.
"Partnering with the Z-Wave Alliance is an important next step in offering an even more expansive array of smart home products and further advancing technology in and around the home," said Mick Koster, vice president and general manager of Iris Home Systems. "Together, Iris, the Alliance and its diverse ecosystem of members have a larger opportunity to propel home automation forward, delivering innovative and smarter devices to consumers."
The addition of Iris by Lowe's to the Z-Wave Alliance comes after a huge growth period for the group. In the first half of 2015, Alliance membership grew an astounding 20 percent in the first half of 2015, adding more than 60 new members to the organization's roster. Z-Wave has led the market in interoperable smart devices for the home since the first Z-Wave product was certified in 2004. With 40 million IoT devices in the market today, Z-Wave has proven to be a leader in the smart home, lifestyle security and IoT industries.
For more information on the Z-Wave Alliance, please visit http://z-wavealliance.org. Follow the Z-Wave Alliance on Facebook, Twitter and on LinkedIn for the latest updates.
About Lowe's
Lowe's Companies, Inc. (NYSE: LOW) is a FORTUNE® 50 home improvement company serving approximately 16 million customers a week in the United States, Canada and Mexico through its stores and online at lowes.com, lowes.ca and lowes.com.mx. With fiscal year 2014 sales of $56.2 billion, Lowe's has more than 1,840 home improvement and hardware stores and 265,000 employees. Founded in 1946 and based in Mooresville, N.C., Lowe's supports the communities it serves through programs that focus on K-12 public education and community improvement projects. For more information, visit Lowes.com.
About Z-Wave
Z-Wave® technology is an open internationally recognized ITU standard (G.9959). It is the leading wireless home control technology in the market today, with over 1350 certified interoperable products worldwide. Represented by the Z-Wave Alliance, and supported by more than 325 companies around the world, the standard is a key enabler of smart living solutions for home safety and security, energy, hospitality, office and light commercial applications.
Z-Wave® is a registered trademark of Sigma Designs (NASDAQ: SIGM) and its subsidiaries in the United States and other countries.
About the Z-Wave Alliance
Formed in January 2005, the Z-Wave Alliance is a consortium of leading companies in the home technology space dedicated to solidifying Z-Wave as the standard for wireless home control products. The principal members include: ADT, Evolve Guest Controls, FAKRO, Ingersoll Rand Nexia Intelligence, Jasco Products, LG Uplus, Nortek Security & Control, SmartThings and Sigma Designs. Alliance members lead the home controls market, providing leading edge products and systems that deliver increased comfort, convenience, energy conservation, safety and security.
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 market acceptance of the Z-Wave product line. Actual results may vary materially due to a number of factors including, but not limited to, market, consumer and customer acceptance of the Z-Wave product line and the ability of Z-Wave to compete with other technologies or products in certain markets, if any, as well as other risks that are detailed from time to time in SEC reports, including reports made 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. The Z-Wave Alliance undertakes no obligation to publically 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.
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