Z-Wave Alliance

FREMONT, CA--(Marketwired - May 25, 2016) - The Z-Wave Alliance , an open consortium of leading global companies deploying Z-Wave, today announces the opening of applications for the 2016 Z-Wave Labs competition. Launched in 2015, the Z-Wave IoT accelerator-style program gives winners with an innovative idea in IoT product or service design access to the large Z-Wave Alliance ecosystem, partners and resources as well as the Z-Wave IoT ready 500 series development kits.

Details

Interested startups or entrepreneurs can submit their product or service concept or plan aimed at IoT markets such as residential, commercial, automotive, healthcare, security, energy and aging in place for a chance to win over the next year. The competition is open to any startup or entrepreneur who wants to use the Z-Wave wireless platform in their IoT offering. In addition to receiving a yearlong full membership to the Z-Wave Alliance, with access to events, marketing materials, working groups and trainings, selected startups will also nab a free Z-Wave IoT ready development kit to jumpstart their product roadmap and get their IoT product to market.

New this year, the Z-Wave Alliance plans to feature some Z-Wave Labs winning entries in their newly designed booth at the Sands Expo Hall at CES 2017. Labs participants may have the chance to have their product concept featured in the booth and will be asked to submit additional materials if selected for the CES feature.

2015 Winners

Several 2015 Z-Wave Labs winners have benefitted from the resources of the accelerator program, including Boston-based startup BeON Home. An early stage company with a successfully-funded Kickstarter campaign, BeON Home submitted to the competition to explore opportunities in the security dealer market. Winning the Z-Wave IoT competition generated media interviews, garnered high-level press coverage for the company and increased awareness among consumers. Within 6 months of winning the Z-Wave Labs competition, BeON Home had their first major consumer launch. Other Labs winners include energy management startup Embue, sliding door smart lock provider PadioLok and retrofit smart blinds solution iBlinds. For more Labs winner case studies, click here .

History

Started in May 2015, Z-Wave Labs is a global competition designed to encourage IoT innovation on the Z-Wave platform. New winners in an IoT related industry are selected each month by the Z-Wave Labs program, including but not limited to: residential, commercial, automotive, healthcare, energy, security and aging-in-place. Winners are able to access the Z-Wave IoT ready 500 series development kits, including the Keil PK51 Professional Developer's Kit for the 8051 microcontroller family. They are also featured on the Z-Wave Labs website and on social media. Keil supports the Z-Wave Labs competition by sponsoring a one-year PK51 Professional Developer's Kit license for every winning company.

Z-Wave Labs will relaunch in May for the 2016-2017 contest year. For more details on how to enter and eligibility, please visit http://z-wavelabs.org .

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 using the #ZWaveLabs hashtag.

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 1500 certified interoperable products worldwide. Represented by the Z-Wave Alliance, and supported by more than 375 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, 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 benefits of the Z-Wave Labs competition, membership in the Z-Wave Alliance, and 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 labs winner, the Z-Wave Alliance and the overall Z-Wave product line, as well as other risks that are detailed from time to time in our reports to the Securities and Exchange Commission, including reports made on Form 10-K. Readers are cautioned not to place undue reliance on these forward- looking statements, which speak only as of the date hereof. We undertake 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.