A press conference will be held on 16th October at the 12th China International Small and Medium Enterprise Fair attended by Mr. Yang, of the Ministry of Industry and Information Technology (MIIT) of the People's Republic of China, and by Mr. Zou Shan, Head of Guangdong Provincial Economic and Information Technology Commission, and by Mr. Li Ying, Secretary General of Guangdong IOT Industry Alliance, where Mr. Raoul Wijgergangs, Vice President of Sigma Designs' Z-Wave Business and Mr. He Biao, General Manger of China Unicom Guangdong branch will jointly announce their cooperative initiative to bring a Z-Wave Smart Home Automation solution to the China market. The first public demonstration of the Smart Home system will also be showcased in booth number C066 at the fair.
"It is exciting to be working with Zeewave and Unicom to launch the first Smart Home IoT solution for Chinese consumers through their telecommunication's provider," said Raoul Wijgergangs, vice-president of Sigma Designs' Z-Wave business unit.
"Choosing the interoperable Z-Wave technology to create these innovative solutions for meeting consumer demand for smart home services has allowed Zeewave to get to market with confidence because Z-Wave has a 10-year track record and is market-proven," said Dr. Yang Xiang, CEO of Zeewave.
Zeewave is using Z-Wave, the industry leading Smart Home IoT technology which has over 90% market share in the US security service provider space. For the past 3 years, Zeewave has been doing in-depth technology development to build a first class system that is stable and fully interoperable.
The Zeewave system has seven key distinctions: an open platform, leading technology, voice control, intelligent learning, personal customization, GPS activation of scenes, and ease of installation.
The aim of Zeewave Smart Home system is to improve people's quality of life by allowing the creation of various scenes which will address everyday consumer needs, such as saving energy, ensuring home safety and peace of mind. Zeewave Smart Home includes an easy to use APP that brings together the Z-Wave devices to create these customizable scenes to suit consumers' lifestyles. Zeewave Smart Home system opens up a new dimension of convenient and useful functionality for the China Unicom user.
Zeewave will be using China Unicom broadband service to offer the Smart Home Solution to China Unicom customers. There will be four different types of packages to choose from, Security, Health, Energy Saving and a Premium Suite package. Together with the broadband service, China Unicom hopes to provide another premium service in the most convenient and comfortable way to the user.
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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. Actual results may vary materially due to a number of factors including, but not limited to, general economic conditions, including the rate of adoption for Z-Wave chipsets and technology in the United States and internationally, Sigma's ability to deploy and achieve market acceptance for Sigma's products in its target markets, specifically the Chinese market, the ability of its SoCs and other technology offerings to compete with technologies or products in these markets as well as other risks that are detailed from time to time in Sigma's SEC reports. 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 the result of 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.
Press Contacts: Mary Miller Sigma Designs +1-510-897-1069 Mary_Miller@sigmadesigns.com
