2014 Successes Include Double Digit Sales Growth, Significant Increase in Global Reach and New Z-Wave Plus Product Introductions
MILPITAS, CA -- (Marketwired) -- Sigma Designs® (NASDAQ: SIGM), a leading provider of intelligent system-on-chip (SoC) solutions for Smart TV, Internet of Things for Smart home and set-top-boxes (STBs), today announced that 2014 represented a tremendous year of growth for Z-Wave wireless technology through new vertical channels, global deployments and new product introductions.
Key milestones include:
- Sales of Z-Wave chips and modules achieved double digit growth over 2013 bringing the world-wide total to more than 35 million Z-Wave enabled devices
- A majority of the leading U.S. home security companies use Z-Wave technology for their home automation offerings
- Telecom operators including AT&T, Verizon, and Orange Telecom have selected Z-Wave for their home control services
- Z-Wave products are gaining momentum in retail stores and outselling other IoT protocols by a wide margin
- Z-Wave Plus products were introduced to the market, offering extended features and simplifying installation
- A frequency standard for Korea market was added to the list of Z-Wave approved frequencies and was added to the Z-Wave SDK 6.51.03. The approval of these frequencies for control and automation applications brings the benefits of the world-standard Z-Wave wireless protocol to the world's most advanced nation for information and communications technology (ICT), according to the International Telecommunications Union (ITU)
Consumers and businesses are increasingly looking to deploy smart devices that can offer benefits including improved security, comfort, communications and energy efficiency. Z-Wave wireless technology is at the heart of The Internet of Things and the smart home, providing industry-leading reliability, ease of installation and interoperability. Unlike competing technologies, Z-Wave is a single open standard, using wireless mesh networking technology (ITU standard G.9959 with protocol stack from Sigma Designs) that offers interoperability built in at the application layer. This allows a wide array of devices to seamlessly communicate, including lighting, appliances, HVAC, and security systems.
"We are very pleased with the leadership position of Z-Wave in enabling the rapidly growing Internet of Things for the Smart Home. This year has been an outstanding year of growth, and we look forward to even more success next year," said Raoul Wijgergangs, vice president Z-Wave business line for Sigma Designs. "At CES we are introducing additional capabilities to enhance development of Z-Wave compliant products, and we are focused on expanding in new markets and verticals, as well as growing the customer base and device ecosystem."
The Z-Wave ecosystem includes more than 1200 certified devices from leading brands in their categories. Z-Wave dominates the Smart Home space across various industries: service providers, security, energy, independent aging, commercial, hospitality, do-it-yourself (DIY), construction and retail. A strong branding and certification program supports Z-Wave Alliance member companies and ensures consumers are receiving reliable products that will work as promised to connect to the Internet of Things.
For more information on Z-Wave, visit www.z-wave.sigmadesigns.com
For more information about Sigma Designs, visit www.sigmadesigns.com
Follow us on Twitter: @sigma_designs
Join us on LinkedIn: sigma-designs
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 1200 certified interoperable products worldwide. Represented by the Z-Wave Alliance, which is supported by more than 300 member 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. For more information about Z-Wave visit: z-wave.sigmadesigns.com
Z-Wave® is a registered trademark of Sigma Designs and its subsidiaries in the United States and other countries.
About Sigma Designs
Sigma Designs, Inc. (NASDAQ: SIGM) is a world leader in enabling smart home convergence. The company designs and builds the essential semiconductor technologies that serve as the foundation for the world's leading set-top boxes, Smart TV, connected media players, Internet of Things (IoT) for smart home devices and residential gateways and whole home media connectivity. For more information about Sigma Designs, please visit www.sigmadesigns.com.
Sigma Designs, Secure Media Processor, and the Sigma Designs logo are either registered trademarks or trademarks of Sigma Designs, Inc. and its subsidiaries in the United States and other countries. All other trademarks mentioned herein are believed to be trademarks of their respective owners.
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 features and benefits of Sigma' Z-Wave product line. Actual results may vary materially due to a number of factors including, but not limited to, consumer and customer acceptance of the Z-Wave product line, Sigma's ability to deploy and achieve market acceptance for Sigma's products in its target markets, including the Internet of Things, 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 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 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.