FlexSol Solutions Named the Final Winner of Z-Wave Labs 2016-17 Competition

FREMONT, Calif., Aug. 02, 2017 -- The Z-Wave Alliance, an open consortium of leading global companies deploying Z-Wave, today announces the final winner of the Z-Wave Labs IoT startup competition. Dutch startup FlexSol Solutions has taken the prize for their NxT solar powered outdoor lamp and will receive Z-Wave Alliance membership and access to the new Z-Wave IoT ready 500 series development kits.

NxT is an outdoor lighting solution that powers itself with integrated cylindrical solar panels in a bollard-style light. The NxT receives its energy from the sun and stores it in a high-capacity integrated battery that allows the RGBW LED lights to be powered throughout the night. The NxT is a plug-and-play lighting solution, as it requires no cords or cables. The solar lamp can be placed anywhere to provide lighting in any color of the rainbow.

With this smart solar powered solution, homeowners and commercial property owners can easily control outdoor lighting from anywhere using an app. The NxT can be set to automatically adapt to sunrise and sunset, eliminating the need for users to control it via switch. Lighting can easily be personalized by adjusting color and timing of individual NxTs or a cluster to fit activity or mood and users can set custom scenes. Adding to a property’s security, a homeowner could set a scene so the NxT outdoor lights turn on when an intruder is detected.

“By building Z-Wave into the NxT solar lighting solution, we have unlimited opportunities. When connected to other Z-Wave devices, the NxT can strengthen home safety, and provide increased comfort and convenience with an element of entertainment,” said Lennert van den Berg, CEO of FlexSol Solutions. “Combining a solar solution with Z-Wave connectivity, we can create a fully wireless sustainable lighting product.”

“There are a lot of untapped potential synergies between sustainable energy solutions and the smart home, and the NxT solar lighting solution meets a unique need,” said Mitchell Klein, Executive Director of the Z-Wave Alliance. “We are excited to welcome FlexSol Solutions and their innovation around renewable energy and IoT to the Z-Wave ecosystem.”

FlexSol Solutions expects to integrate Z-Wave technology in 2017 and is the final company to win the two-year long Z-Wave startup competition. Started in May 2015, Z-Wave Labs is a global competition designed to encourage IoT innovation on the Z-Wave platform. The Z-Wave Alliance plans to launch a new startup initiative in the fall of 2017.

To see all past and current winners, check out the Z-Wave Labs website.

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 2100 certified interoperable products worldwide.  Represented by the Z-Wave Alliance, and supported by more than 600 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 (NASDAQ 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, Alarm.com, FIBARO, Ingersoll Rand Nexia Intelligence, Jasco Products, Leedarson, 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.

About FlexSol Solutions
Founded in 2012, FlexSol Solutions is a Dutch company specialized in the integration of advanced solar technology and electronics in a variety of products. Its unique curved solar technology is applied worldwide, for example in solar roof tiles and the Soluxio off-grid solar street light. FlexSol strives to integrate sustainable solar energy into our lives in a more elegant and functional way, reflecting in the design of all its products. Visit www.flexsolsolutions.com.

Forward-Looking Statements
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 benefits of membership in the Z-Wave Alliance, market acceptance of the Z-Wave ecosystem, and the success of products utilizing Z-Wave. Actual results may vary materially due to a number of factors including, but not limited to, consumer and customer acceptance of the Z-Wave product line in the relevant regions, the ability of Z-Wave to compete with other technologies or products in the market, if any, as well as other risks that are detailed from time to time in our reports to the Securities and Exchange Commission, 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. We undertake 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.

Press Contact:
Caster Communications, Inc. at 401.792.7080
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