|By Marketwired .||
|January 2, 2014 08:00 AM EST||
MILPITAS, CA -- (Marketwired) -- 01/02/14 -- Sigma Designs, the leader in connected media platforms, and Mitsumi are pleased to announce that Mitsumi is now a licensed second source for Z-Wave® 500 series wireless RF technology, a Sigma Designs technology. As a second source, Mitsumi will independently produce and deliver the latest generation of Z-Wave 500 series modules as well as a Mitsumi original design module that will expand the functionality for Z-Wave in more commercial markets making it easier for large multi-international companies and government operations that require a second source to adopt Z-Wave.
"We welcome Mitsumi as a second source for our newest Z-Wave product line," stated Sigma Designs' CEO Thinh Tran. "With Mitsumi, we are able to draw upon the wealth of experience, technology, and ideas that it possesses as a general electronics component manufacturer. With the rapid growth of this market sector, we hope to ensure a consistent supply of silicon to meet the demand with a strong second source partner."
As the leading standard for home area networks, Sigma Designs' Z-Wave brings affordable, reliable, and easy-to-use wireless control to every aspect of daily life, including home monitoring and security, home control, entertainment control, healthcare, and energy management. Z-Wave (ITU standard G.9959) is a 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, and security systems.
"We are pleased to be able to be a second-source supplier of Sigma's Z-Wave technology," says Fujio Furukawa, senior vice president at Electronic Devices Business HQ of Mitsumi. "The market for Z-Wave is booming and we want to capitalize on Z-Wave's global potential. Further, we are very excited to drive Z-Wave further in the Japanese market where the interest in Z-Wave technology has great potential for energy reduction in residential as well as commercial applications."
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 1000 certified interoperable products worldwide. Represented by the Z-Wave Alliance, which is supported by more than 250 member 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. For more information about Z-Wave visit: z-wave.sigma.com.
Z-Wave® is a registered trade mark of Sigma Designs and its subsidiaries in the United States and other countries.
About Mitsumi Electric Co., Ltd.
Mitsumi is a global company that was founded in 1954 and is headquartered in Tama, Japan. Since its inception Mitsumi has been committed to the innovative development and manufacturing of a wide array of components that are used in electronic devices manufactured by the premier names in automotive, consumer, and industrial electronics. As it navigates through the future, Mitsumi is dedicated to the continual advancement of technologies centered on radio frequency, electro-mechanical devices, and micro manufacturing. For more information about Mitsumi, please visit http://www.mitsumi.co.jp/index_e.html
About Sigma Designs, Inc.
Sigma Designs, Inc. (NASDAQ: SIGM) is a world leader in connected media platforms. The company designs and builds the essential semiconductor technologies that serve as the foundation for the world's leading IPTV set-top boxes, connected media players, residential gateways, home control systems and more. For more information about Sigma Designs, please visit www.sigmadesigns.com.
Sigma Designs and the Sigma Designs logo are either registered trademarks or trademarks of Sigma Designs, Inc. and its subsidiaries in the United States and other countries. All other trademarks mentioned herein are believed to be trademarks of their respective owners.
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 potential benefits of a second source for Z-Wave technology and anticipated benefits of the relationship with Mitsumi, . Actual results may vary materially due to a number of factors including, but not limited to: general economic conditions, including the rate of adoption of Z-wave technology, Sigma's ability to deploy and achieve market acceptance for Sigma's products in its target markets, the ability of Z-wave to compete with other technologies or products in these markets as well as other risks that are detailed from time to time in Sigma's SEC reports, including its quarterly report on Form 10-Q as filed September 12, 2013.. 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.