Robust Platform Reduces Install Times and Enhances Network Statistics With 30 New Features
MILPITAS, CA--(Marketwired - Jun 23, 2015) - Sigma Designs® (NASDAQ: SIGM), a leading provider of intelligent system-on-chip (SoC) solutions for Smart TV, Internet of Things (IoT) for Smart Home and set-top-boxes (STBs), today announced the launch of Version 6.6 software development kit which includes advanced system diagnostics and enhancements to the Installation and Maintenance Application (IMA) tool that is widely used to shorten installation time for service providers. The new SDK delivers tools to enable more efficient installations and has the foundation to support UL approval using the enhancements to the received signal strength indicator.
Z-Wave enabled Smart Home Lifestyle features are creating momentum in the Telco and security industries and have created new revenue streams and profits for those sectors. According to Tom Kerber, Director of Research at Parks Associates "Z-Wave is the dominant technology in the leading channel providing smart home control systems, the security channel. In 2014, over 30% of new professionally monitored security systems were installed with a home control device."
Market-leading Z-Wave technology, with some 40M interoperable devices already deployed in homes around the world, is addressing this accelerating adoption with 30 new features in V6.6 SDK to speed install time and create a more robust remote management environment. With 10's of thousands of Z-Wave enabled panels being installed each month in the monitored security vertical, the ability to keep install time to a minimum and to access diagnostics remotely without a truck roll not only saves time and money for the service providers, but results in more satisfied customers.
- Enhanced network statistics
- Signal strength feedback for optimal network health status
- More accurate identification of traffic disruption causes for faster repairs
- Improved node communication visibility for faster resolution of any network communication issues
- Easier commissioning and de-commissioning of devices
"Sigma Designs has just reported the best quarter ever for their Z-Wave product line, largely driven by this fast-moving security sector. By listening to our customers, we are able to provide tools to improve their efficiency and demonstrate the synergy by which we work together. It's one of the key reasons which has led to Z-Wave achieving virtually universal adoption across the entire US security industry,"said Raoul Wijgergangs, vice president Z-Wave IoT business unit at Sigma Designs. "The combination of rock-solid interoperable technology with innovative partner products is what drives our success in the smart home IoT market."
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, and supported by more than 300 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 trade mark 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 IPTV 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's products and solutions with respect to the Z-Wave development kit and product line. Actual results may vary materially due to a number of factors including, but not limited to, consumer and customer acceptance of the updates and enhancements to the Z-Wave development kit, Sigma's ability to deploy and achieve market acceptance for Sigma's products in its target markets, including the IoT market, the ability of Version 6.6 of the Z-Wave development kit 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 filed June 9, 2015.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 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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