Intel Corporation Makes Strategic Investment in Zensys, Developer of Z-Wave Z-Wave Solidifying its Position as the Leading Technology for Wireless Home Control
Intel Corporation Makes Strategic Investment in Zensys, Developer of Z -Wave
Z -Wave Solidifying its Position as the Leading Technology for Wireless Home Control
Menlo Park, CA - April 25, 2006 - Zensys, developer of the Z -Wave mesh networking technology for wireless home control and automation, today announced it has received a strategic investment from Intel Capital, the venture capital arm of Intel Corporation. The two companies will work together to accelerate development efforts, driving the integration of Z -Wave into millions of consumer electronics devices and further advancing the ubiquity of Z -Wave in the market.
"Wireless home and entertainment control will play a key role in the future of the digital home and we see significant potential for Z -Wave given its interoperability, time -to -market advantage, reliability and low cost," said Curt Nichols, Vice President and managing director of Intel Capital's Digital Home Fund. "Working with Zensys and the Z -Wave Alliance, we plan to enable and promote third -party Z -Wave applications that provide convenience, security, entertainment and energy resource management to consumers aligning with Intel's Digital Home vision."
Z -Wave is a fully developed, low -cost, interoperable RF -based wireless mesh networking technology that is already available in wireless home control and automation products from leading consumer brands. The Z -Wave Alliance is a consortium of more than 125 companies that are actively developing Z -Wave -enabled products and technologies for residential home control applications. Last week, the Z -Wave Alliance announced the addition of Intel as a principal member, joining an impressive list of industry leaders including Danfoss, Intermactic, Leviton, Monster, Wayne -Dalton, Universal Electronics Inc (UEI) and Zensys.
"Zensys and the Z -Wave Alliance share a vision of the digital connected home," said Tony Shakib, president and CEO of Zensys. "Intel's investment and commitment to promoting Z -Wave is a validation of our vision and will enable us to bring reliable and affordable home control solutions to millions of consumers. Working together, we are well positioned to further establish Z -Wave as the standard for wireless home control."
COME JOIN THE Z -WAVE ALLIANCE AND INTEL AT CONNECTIONS IN SANTA CLARA, CA, MAY 2 -4, 2006
About Z -Wave and Zensys
Zensys is a leading provider of wireless networking technology for control and status reading applications. The company's Z -Wave™ technology is a low -cost, two -way, mesh network communications technology which enables everyday devices to be controlled and monitored wirelessly and securely from anywhere in the world. Z -Wave is a fully developed, proven, affordable, easy -to -use and interoperable technology that is available in more than 100 wireless home control and automation products today. Zensys offers a family of low -cost, low -power, integrated MCU/Transceiver chips embedded with Z -Wave, as well as a suite of development tools and services making it easy for companies to develop wireless products for residential and light commercial applications including lighting and appliance control, home entertainment, energy management, access control, security, and building automation. For more information about Z -Wave and Zensys, visit www.zen -sys.com
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. Its members lead the home controls market, providing leading edge products and systems that deliver increased comfort, convenience, safety and security. Z -Wave technology is the foundation of all products manufactured by the Alliance members. For more information about the Z -Wave Alliance, visit www.z -wavealliance.com
About Intel Capital
Intel Capital, Intel's venture capital organization, makes equity investments in innovative technology companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software and services targeting enterprise, home, mobility, health, consumer Internet and semiconductor manufacturing. Since 1991, Intel Capital has invested more than US$4 billion in more than 1,000 companies spanning more than 30 countries. During this time, about 160 portfolio companies have been sold and another 150 have gone public on exchanges around the world. In 2005, Intel Capital invested about US$265 million in companies worldwide with approximately 60 percent of funds invested outside the United States. For more information on Intel Capital and its differentiated advantages, visit www.intelcapital.com
Kristie Heins Fox
Ruder Finn for Zensys & The Z -Wave Alliance