Company to leverage long history of wireless expertise to drive similar success in ZigBee, Thread, OCF and other protocol ecosystems
CARLSBAD, Calif.--(BUSINESS WIRE)--Nortek Security & Control LLC, a Nortek Company (NASDAQ: NTK) and leader in the security, smart home and wellness technology markets, today announces a number of strategic expansion plans in the wake of the company joining the ZigBee Alliance. The company is announcing plans to develop products that utilize the ZigBee protocol driven by projected growth and key customer demand. This strategic growth plan serves to create a larger ecosystem of compatible devices within Nortek Security & Control's smart home product lines.
Participation in the ZigBee Alliance demonstrates the company's agnostic approach to embracing and supporting protocols that are supported by major customers and adopted in key growth markets. The ZigBee Alliance projects that the majority of its volume is driven by utilities for wireless energy management solutions, which has been identified as one of the top projected growth areas for smart home solutions. Adoption and installation by telecommunications companies and MSOs is believed to be a significant growth driver for ZigBee-based smart home installations over the next five years.
Nortek Security & Control's open-protocol strategy married with its proven wireless expertise and global manufacturing capabilities have propelled the company to become the top provider of Z-Wave enabled products1 with the largest installed-base of home control systems2. Nortek Security & Control is also a member of the Open Connectivity Foundation (OCF) and the Thread Group, having demoed the industry's first Z-Wave-over-Thread smart home demo at CES 2016.
"Our expertise in wireless connected devices started 50 years ago with the development of the first wireless smart home product, the garage door opener and has led industry innovation and driven change in the market ever since," said Duane Paulson, senior vice president of product and market development. "We recognize the unique aspects and potential of the ZigBee protocol in the market and will apply the same level of dedication to serve our customers' technology needs for ZigBee solutions."
"We are excited to expand our solutions and product ecosystem to the ZigBee wireless protocol," said Rob Halligan, group vice president of marketing for Nortek Security & Control. "With the success of our 2GIG® platform in over 3 million homes and the delivery of over 20 million security sensors into wireless home security systems, joining the ZigBee Alliance is a natural way to respond to the demands of our existing customers and develop relationships with new market leaders."
"Nortek Security & Control's participation is a timely and clear indication of the potential for ZigBee 3.0 in crucial, high-growth market sectors," said Mark Walters, vice president of strategic development for the ZigBee Alliance. "We see tremendous opportunity for continued adoption of ZigBee solutions across all IoT markets and we're pleased to welcome Nortek Security & Control as one of our newest members."
1Z-Wave Alliance April 2016
2Parks Associates April 2015
For more information on Nortek Security & Control, please visit: www.nortekcontrol.com
About Nortek Security & Control LLC
Leveraging extensive design and engineering capabilities and more than 50 years of innovation, Nortek Security & Control LLC supplies its technology solutions to leading distributors, retailers, service providers and manufacturers and is dedicated to addressing the lifestyle and business needs of millions of customers every day.
Nortek Security & Control is a world leader in smart connected devices and systems for the residential, security, access control and digital health markets. Through its family of brands including 2GIG®, GoControl®, Linear®, and Numera®, Nortek Security & Control designs solutions for a diverse customer base that includes national telecoms, big box retailers, OEM partners, service providers, security dealers, and consumers. With over 50 years of innovation, Nortek Security & Control is the leading manufacturer of Z-Wave based connected products.
Headquartered in Carlsbad, California, Nortek Security & Control LLC is a subsidiary of Nortek, Inc. (Nasdaq: NTK) a global, diversified company whose many market-leading brands deliver broad capabilities and a wide array of innovative, technology-driven products and solutions for lifestyle improvement at home and at work. Please visit www.nortekcontrol.com for more information.
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