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Home & Hospitality Smart Lock Takes Home September Z-Wave Labs Competition

FREMONT, CA–(Marketwired – Oct 28, 2015) – The Z-Wave Alliance, an open consortium of leading global companies deploying Z-Wave, is announcing the September winner of its IoT developer competition. Vancouver based smart patio door lock startup Padio Systems Inc. is the next winner of the yearlong Z-Wave Labs program and will receive Z-Wave Alliance membership and access to the new Z-Wave IoT ready 500 series development kits.

A new company close to product launch, Padio Systems, Inc. provides security and two-way convenience with its tamper-resistant sliding patio door lock. The Padiolok Latch is stronger and more secure than traditional latches, and offers two-way keyless entry with its accompanying keypad that allows users control of the lock via keypad and access code. These features, along with the ability of the lock to retrofit to almost all existing or new aluminum or vinyl sliding doors, make it an ideal addition to sliding patio doors at both hotels and homes.

“Security and convenience are both important features, and it is exciting to see a new take on the traditional smart lock and build a solution specific to existing sliding doors,” said Mitchell Klein, Executive Director of the Z-Wave Alliance. “The goal of Z-Wave Labs is to find innovative solutions in the connected world and Padio Systems has great potential to broaden Z-Wave’s reach in the home and hospitality.”

With the addition of Z-Wave technology to its product roadmap, Padio Systems notes the importance of interoperable standards when introducing new smart technology to residential and commercial markets. With Z-Wave, the Padiolok will allow home residents or hotel management to control the entry latch remotely and set passcodes for visitors and guests.

“Adding a Z-Wave option to our product was an easy choice given its features and diverse ecosystem of products to work with,” said Bruce White, CEO of Padio Systems, Inc. “Z-Wave will allow our customers to monitor and control the Padiolok themselves, either at home or remotely, and enable hotels to provide their guests with better services.”

Started last spring, Z-Wave Labs is a global competition that launched and is designed to encourage IoT innovation on the Z-Wave platform. New winners in an IoT related industry are selected each month by the Z-Wave Labs program, including but not limited to: residential, commercial, automotive, healthcare, energy, security and aging-in-place. Winners are able to access the Z-Wave IoT ready 500 series development kits, including the Keil PK51 Professional Developer’s Kit for the 8051 microcontroller family. They are also featured on the Z-Wave Labs website and on social media. Keil supports the Z-Wave Labs competition by sponsoring a one-year PK51 Professional Developer’s Kit license for every winning company.

To learn more about Z-Wave Labs, apply for the competition and read frequently asked questions, please visit http://z-wavelabs.org.

For more information on the Z-Wave Alliance, please visit http://z-wavealliance.org. Follow the Z-Wave Alliance on Facebook, Twitter and on LinkedIn for the latest updates using the #ZWaveLabs hashtag.

About Z-Wave
Z-Wave® technology is an open internationally recognized ITU standard (G.9959). It is the leading wireless home control technology in the market today, with over 1400 certified interoperable products worldwide. Represented by the Z-Wave Alliance, and supported by more than 325 companies around the world, the standard is a key enabler of smart living solutions for home safety and security, energy, hospitality, office and light commercial applications.

Z-Wave® is a registered trademark of Sigma Designs (NASDQ SIGM) and its subsidiaries in the United States and other countries.

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. The principal members include: ADT, FAKRO, Ingersoll Rand Nexia Intelligence, Jasco Products, LG Uplus, Nortek Security & Control, SmartThings and Sigma Designs. Alliance members lead the home controls market, providing leading edge products and systems that deliver increased comfort, convenience, energy conservation, safety and security.

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 market acceptance of the Z-Wave product line. Actual results may vary materially due to a number of factors including, but not limited to, market, consumer and customer acceptance of the Z-Wave product line in the aforementioned regions and the ability of Z-Wave to compete with other technologies or products in certain markets, if any, as well as other risks that are detailed from time to time in SEC reports, including reports made on Form 10-Q. Readers are cautioned not to place undue reliance on these forward- looking statements, which speak only as of the date hereof. The Z-Wave Alliance undertakes no obligation to publically 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.

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