Icontrol Networks Powers SmartHome Ventures' PEQ Home Automation System, Expands Channel of Connected Home Offerings

PEQ brings Icontrol's best-in-class platform to mass market

REDWOOD CITY, Calif., Aug. 27, 2014 -- Icontrol Networks, a leader in connected home technology and innovation, today announced that SmartHome Ventures has chosen Icontrol to power the newly-launched PEQ (pronounced "peek") home automation system, available now at www.mypeq.com, and at select Best Buy store locations and on BestBuy.com beginning August 31st. With this announcement, the best-in-class Icontrol smart home platform is now available for consumers to purchase and use right out of the box.


"Our goal is to give consumers as many options as possible, whether they prefer a professionally-installed and monitored solution, a self-installed package they can purchase and build upon, or an all-in-one device," said Jim Johnson, executive vice president and general manager at Icontrol. "We are excited to provide another option for consumers who want to take advantage of the ease and convenience of a connected home."

All PEQ-compatible devices have been certified through the Icontrol OpenHome™ Developer Program, the first community for application and device makers to partner on a common platform. This means PEQ customers will have access to a growing number of connected home devices, and developers can market their innovations to an even larger market of connected home customers. Icontrol software currently manages more than 22 million sensors and devices, representing the most widely used connected home platform in the industry.

"We are pleased to partner with Icontrol, who shares our vision of bringing home automation to the mass market," said Ted Schremp, chief executive officer of SmartHome Ventures. "Through this partnership, PEQ delivers simplicity, performance and security that meets the needs and demands of today's consumer."

PEQ is available now at www.mypeq.com and will be available through a growing network of online and in-store distribution partners. It will be available at select Best Buy store locations and on BestBuy.com on August 31st.

About Icontrol Networks
Icontrol Networks' vision is to provide a connected home solution for every household, so people worldwide spend less time managing their lives and more time living them. Icontrol is making the connected home a reality through its software platforms, which are deployed by home security companies, service providers, retailers, and the all-in-one Piper home security, video monitoring and automation device for consumers. Icontrol is further pioneering the next generation of connected living through its OpenHome™ Developer Program, the first community for application and device makers to partner on a common platform. Venture investors in Icontrol include Charles River Ventures, the Kleiner Perkins Caufield & Byers iFund, and Intel Capital, with strategic investments from a variety of service providers including ADT, Comcast Ventures, Comporium and Rogers Communications. For more information about Icontrol Networks and Piper visit www.icontrol.com and www.getpiper.com.

About SmartHome Ventures
SmartHome Ventures is making the smart home simple. The company's flagship service, PEQ, brings professional-grade home automation to the mass market. Investors in SmartHome Ventures include OpenAir Equity Partners. Visit www.smarthomeventures.com for more information.

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