Control4 Acquires Card Access Product Line and Intellectual Property
Salt Lake City, UT July 1, 2014 Control4 (NASDAQ: CTRL), a leader in residential and commercial automation systems, announced today it has acquired the home automation products and related intellectual property assets of Utah-based Card Access, Inc. Effective immediately, all technical support for Card Access products will be provided directly by Control4. In addition, all Card Access products will continue to be available for authorized Control4 dealers to purchase through the dealer portal.
"The acquisition of the Card Access products and intellectual property demonstrates our dedication to building a robust product ecosystem for our customers. By streamlining training, technical support and sales through our award-winning team and providing a powerful marketing engine to support these products, we are helping Control4 dealers build their businesses and enhance their installations," said Paul Williams, VP of Security & Communications Products for Control4.
With an extensive line of wireless home automation products, the addition of the Card Access product line will enable Control4 dealers to add more convenience, comfort and control of smart devices in today's smart home. "Card Access solutions have been designed solely to enhance the capabilities of the Control4 system and they have done that beautifully for many years. The uniqueness of these products is what makes them so incredibly appealing. They are true workhorses, and we want to make sure our dealers know how to leverage them to create personalized solutions for their customers," added Williams.
Card Access products integrate with Control4 to easily and wirelessly monitor and control doors, gates, garage doors, windows, temperature and more with contact sensors; open and close automatic doors, blinds and gates; raise or lower projector screens; turn fireplaces on and off with wireless contact relays; and create control solutions based on room occupancy, event triggers, and motion or pressure sensors; and much more. Card Access products purchased after today will come with a two-year limited warranty.
For more information on Control4, please visit www.control4.com.
Control4 [NASDAQ: CTRL] is a leading provider of automation systems for homes and businesses, offering personalized control of lighting, music, video, lighting, temperature security, communications and similar functionalities into a unified home automation solution that enhances the daily lives of its customers. Control4 unlocks the potential of connected devices, making entertainment systems easier to use, homes more comfortable and energy efficient, and families more secure. More than 75% of Control4's consumers have integrated two or more functionalities with Control4's solution, which is available through more than 2,800 custom integrators, retail outlets, and distributors in over 80 countries. By delivering insightfully simple control solutions that enhance the lives of individuals and families, Control4 is the automation platform of choice for consumers, major consumer electronics companies, hotels, and businesses around the world.
Forward Looking Statement
This press release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding Control4's possible future products and financial outlook. All statements other than statements of historical fact contained in this press release are forward-looking statements. These forward-looking statements are made as of the date they were first issued, and were based on the then-current expectations, estimates, forecasts, and projections, as well as the beliefs and assumptions of management. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond Control4's control. Control4's actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to, risks detailed in Control4's most recent S-1/A filed with the Securities and Exchange Commission, as well as other documents that may be filed by the company from time to time with the Securities and Exchange Commission. Past performance is not necessarily indicative of future results. The forward-looking statements included in this press release represent Control4's views as of the date of this press release. The company anticipates that subsequent events and developments may cause its views to change. Control4 has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. These forward-looking statements should not be relied upon as representing Control4's views as of any date subsequent to the date of this press release.
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