Contact Information: Contact: Callie Tucker Ruder Finn for the Z-Wave Alliance 312-329-3910 tuckerc@ruderfinn.com
Zensys Announces Strategic Investment Led by Panasonic's Venture Group
| Source: Zensys
FREMONT, CA--(Marketwire - March 25, 2008) - Zensys, developer of the award-winning Z-Wave
wireless home control standard, today announced a Panasonic investment.
This investment adds a global leader in consumer electronics to an
impressive list of investors that includes Intel Capital, Cisco, Bessemer
Venture Partners, Palamon Capital Partners and Sunstone Capital. Zensys
will use the funding to further its push into the Global Home Automation
and control marketplace.
Home control is becoming mainstream and consumers are hungry for devices
and gadgets that can be used to control their homes while away, keep an eye
on their homes from afar and reduce their energy consumption on a daily
basis. Z-Wave is leading the market based on the number of manufacturers
developing Z-Wave-enabled products and the total number of products already
in the market. Z-Wave is bringing home control and automation solutions to
everyday people with everyday problems.
"Panasonic looks forward to working with Zensys to help consumers enjoy the
benefits of the 'smart home of the future' today," said Dr. Paul Liao,
Chief Technology Officer, Panasonic Corporation of North America.
Z-Wave is the first technology to bring affordable, reliable and easy to
deploy wireless home control to every aspect of daily life -- the home
environment, consumer electronics, healthcare, and energy management.
Z-Wave's award-winning, interoperable wireless mesh networking technology
allows a wide array of devices around the home to communicate, including
lighting, appliances, HVAC, entertainment centers, and security systems.
"Panasonic venture team's interest in Zensys is in recognition of the fact
that Z-Wave is a leading technology with a demonstrated track record in
wireless home control and which offers a price point that allows
manufacturers to bring the technology to the mass market," said Dilip
Sampath, Venture Partner in Panasonic's U.S. venture group.
"We are gratified that we have received this strategic investment. We are
expecting to engage at multiple levels of partnership with this premier
global leader," stated Tony Shakib, CEO of Zensys. "All the signs point to
significant growth ahead in wireless home control and automation, and
Z-Wave has clear performance and time-to-market advantages in the
marketplace."
About Z-Wave and Zensys
Z-Wave® is the first technology to bring affordable, reliable and
easy-to-use wireless control to every aspect of daily life -- the home,
consumer electronics, healthcare, and energy use, to name a few. Developed
by Zensys, Z-Wave is an award-winning, proven and interoperable wireless
mesh networking technology that allows a wide array of devices in and
around the home to communicate including lighting, appliances, HVAC,
entertainment centers, and security systems. Z-Wave brings many benefits to
everyday life including remote home monitoring, home healthcare, safety and
security, and energy conservation. Z-Wave certified products are currently
available from leading consumer brands in more than 170 products. Z-Wave is
the recipient of the Wall Street Journal Technology Innovation Award in the
wireless category, the CNET "Best of CES Award" in the enabling
technologies category, along with PC World's World Class Award, which
recognizes the 100 best technologies and products of the year. For more
information about Z-Wave, please visit www.z-wave.com.
Z-Wave® is a registered trademark of Zensys, Inc. and its subsidiaries in
the United States and other countries.