Z-Wave Provides the Corner Stone for Adding Sensors to Professional Security Networks
FREMONT, CA--(Marketwired - Feb 18, 2016) - Sigma Designs, Inc.® (NASDAQ: SIGM), a leading provider of intelligent system-on-chip (SoC) solutions for Smart TV and Internet of Things (IoT) for Smart Home, today announced their Z-Wave modules models ZM5101, ZM5202, and ZM5304 with protocol SDK version 6.60 have been evaluated to UL's standards for home security, enabling new applications for professional security sensors and other devices in the multi-billion dollar home security business in the US.
Professional security sensors such as door and window and motion sensors make up the majority of security devices in the home, which are estimated to represent installation of about 20 million units per year. These devices typically utilize non-standard one-way radios operating at 300/400 MHz frequencies. Since these devices use one-way communication, their effective security and reliability can be compromised. The number one problem faced by security companies is false alarms, which represent more than 50% of the service calls they receive, creating a substantial cost impact. One-way sensors simply cannot evaluate a false alarm. Since Z-Wave is a true two-way network technology, it can identify the actual sensors and be requested to re-check conditions multiple times to reduce these false alarms. Migrating to state-of-the-art two-way sensors will improve the overall security and reliability of security systems and will also represent a substantial competitive advantage for Z-Wave.
Secondly, wireless systems can get compromised by "jamming" -- the intentional or inadvertent transmission of radio signals at the same frequency. Sensors operating in the 2.4 GHz band can be unintentionally jammed due to the over-crowding of signals from Wi-Fi, Bluetooth, and other devices, resulting in either a security breach or another type of false alarm. Z-Wave's two-way sensors feature Jamming Detect, a mechanism that was added to satisfy UL's stringent interference protection requirements. Additionally, by operating in the 900 MHz band, Z-Wave devices are safe from the overcrowded 2.4 GHz noise.
"This is a win-win for the industry as it will be easier for security system and device manufacturers to deploy Z-Wave technology in their end-products when seeking UL certification," stated Neil Lakomiak, director of business development for UL's Building and Life Safety Technologies division.
"We are excited about the possibilities of Z-Wave enabled security devices coming into the market," said Ryan Petty, vice-president of product development and innovation at ADT.
"UL's component recognition of Z-Wave will bring a new 'smart' dimension to our sensor portfolio," said Avi Rosenthal, vice president of security and control, Nortek Security & Control.
Z-Wave is already included in over 90% of the panels provided by professional security companies in the US to augment and add new consumer value to their security services with lifestyle smart home capabilities such as lighting, access and temperature control. With the new Z-Wave SDK version 6.60, based on the UL component recognition, all smart home sensors and professional security sensors can be united with one Z-Wave technology and leveraged for both pro-security as well as smart home services. Furthermore, opening up the security sensor market for Z-Wave devices more than doubles the total available market being addressed.
"Our data said the monitored security market grew at approximately a rate of 15 percent in 2014," says Tom Kerber, director of research, home controls & energy for Parks Associates. "That is very strong for an industry that had been relatively consistent. Much of that was the addition of interactive controls. Our consumer data shows that when you add home controls and interactive services to a basic security system, the appeal increases by as much as two-fold. In fact, we had predicted that the market would grow by about 50 percent over the next 10 years, but we have had to revise that forecast up to probably more like in the next five years."
According to Frost and Sullivan's research on smart buildings the sensor market alone is projected to reach nearly $4 billion by 2018.
Building on the release of Z-Wave's SDK 6.60 and UL compliance, Z-Wave now supplies an application framework and sample code to sensor manufacturers that allow them to get to market faster with a shorter development cycle.
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 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 Smart TV, connected media players, Internet of Things (IoT) for smart home devices 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 including version 6.60 and compliance with UL security system requirements when deployed in the end-product, Sigma's ability to deploy and achieve market acceptance for Sigma's products in its target markets, including the IoT market, the ability of the Z-Wave development kit version 6.60 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 December 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 publicly 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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