FREMONT, CA – December 12, 2017 at 9 AM EST – The Z-Wave Alliance, an open consortium of leading global companies deploying the Z-Wave smart home standard, today announces the addition of ASSA ABLOY to the Alliance Board of Directors. Owner of leading and trusted lock brands such as Yale, Mul-T-Lock and ABLOY, ASSA ABLOY joins principal members ADT, Alarm.com, FIBARO, Huawei, Ingersoll-Rand, Jasco Products, LEEDARSON, LG Uplus, Nortek Security & Control, SmartThings, and Sigma Designs.
“ASSA ABLOY was already a leader in the smart lock industry and is clearly making moves to become a global force in smart security and connected access control,” said Mitchell Klein, Executive Director of the Z-Wave Alliance, “The entire Alliance will benefit from ASSA ABLOY’s contribution to the Board of Directors and leadership in the future.”
The ASSA ABLOY Group is a global leader in door-opening solutions, manufacturing a range of products for commercial and consumer markets. The group has a complete range of door opening products, solutions and services for institutional, commercial and consumer markets, and a worldwide leading position in smart door locks. Currently offering Z-Wave enabled smart door locks, ASSA ABLOY made big news recently with the acquisition of August Home, another Alliance member and manufacturer of Z-Wave smart lock solutions.
“We have strongly supported Z-Wave through our Yale smart locks and plan to play an even bigger role as a decision maker in the growing Z-Wave Alliance,” commented Kevin Kraus, Director Technology and Integration Support for Yale Residential at ASSA ABLOY Americas. “As a Board member, we want to help in developing global Z-Wave product requirements as we build out our smart lock offerings in various regions around the world.”
As a principal member, ASSA ABLOY will participate in developing global Z-Wave product requirements and in promoting Z-Wave enabled digital smart locks worldwide.
The Z-Wave Alliance has over 600 member companies worldwide and over 2100 certified smart home and IoT devices. 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.
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 2100 certified interoperable products worldwide. Represented by the Z-Wave Alliance, and supported by more than 600 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.
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, Alarm.com, ASSA ABLOY, FIBARO, Huawei, Ingersoll Rand Nexia Intelligence, Jasco Products, Leedarson, 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.
ASSA ABLOY is the global leader in door opening solutions, dedicated to satisfying end‑user needs for security, safety and convenience. Since its formation in 1994, ASSA ABLOY has grown from a regional company into an international group with about 47,000 employees, operations in more than 70 countries and sales of SEK 71 billion. In the fast-growing electromechanical security segment, the Group has a leading position in areas such as access control, identification technology, entrance automation and hotel security.
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 benefits of Z-Wave Alliance membership, the benefits of the use of Z-Wave in product offerings, including the benefits of certain enhanced features of Z-Wave devices. Actual results may vary materially due to a number of factors including, but not limited to, consumer and customer acceptance of the Z-Wave Alliance (including its membership benefits), and Z-Wave technology in the relevant regions, the ability of the Z-Wave Alliance to compete with similar alliances in the industry and of the Z-Wave technology to compete with other technologies or related products in the market, if any, 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-Q. 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.
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