September 12, 2006
IRVINE, Calif. - Frost & Sullivan selected SmartLabs™, Inc. as the recipient of the 2006 Frost & Sullivan Emerging Technology Award for developing Insteon™, an innovative wireless home control technology. The company has edged ahead of its competitors by creating a technology that is optimized for the home environment and the consumer.
Insteon is a technology that simply works. It is reliable, easy to install and manage. Plus, it is low costs so that the devices embedded with the technology remain affordable. Insteon’s contributing attributes make home control accessible to the mass market.
“The market for home control is in a growth phase and presents a huge potential for growth driven by increasing awareness about the benefits of these systems, penetration of these systems into mid range of homes, and better economic conditions,” according to Frost & Sullivan analysts R. Srivatsan and Jorge Moreno. “The increase in the sales of home control systems has had a direct effect on the demand for network system protocols. Moreover, the increasing trend of homeowners preferring open protocols has enabled new companies like SmartLabs with superior technology to enter the market.”
Insteon connects devices both wirelessly and via the powerline and provides a simple, affordable and reliable means to link core home systems such as lighting, security, comfort control, consumer electronics, appliances and safety sensors for remote monitoring and control.
Some of the major challenges faced by market participants include educating end-users about benefits offered by these protocols, and constant innovation to meet the changing needs of the consumers. SmartLabs has garnered a higher customer base, penetrated new markets and geographic regions, developed strategic partnerships, and continuously re-evaluated its market strategies to stay abreast of the home automation market.
“SmartLabs is the only company in the home control space with direct access to consumers,” said Joe Dada, founder and CEO of SmartLabs, Inc. “We have 13 years of feedback from our customers who tell us they want to use home automation to control their homes. We created Insteon as technology that makes it easy and affordable for consumers to create a home control network to add convenience, efficiency and safety to one of their most important investments – their home.”
In the due course, developers must also emphasize on simple and affordable systems to address the needs of all consumers. To further advance the development of Insteon, SmartLabs created the Insteon Alliance, which is an open forum for product developers to aid in the development of better applications and chart out product development for Insteon-enabled products.
“The increasing reach of the Insteon Alliance and feedback about applications from homeowners help in the development of next-generation solutions,” notes Moreno. “Within a short span, Insteon has seen a very high level of acceptance, which has helped the company achieve higher growth rates.”
SmartLabs licenses its technology to manufacturers that want its products to part of an Insteon home control network. Manufacturers of security alarms, ceiling fans, temperature controls, garage door openers, pool and spa controls and access controls are adopters of the Insteon technology. However, any home product such as window blinds, faucets, or other devices can be embedded with an Insteon chip.
"Recently, SmartLabs introduced ALL-Link interoperability, which allows any Insteon enabled controller to operate any other device on its network,” continued Moreno. “This further widens the market reach of Insteon because it ensures that different manufacturers’ products will work together."
Each year Frost & Sullivan presents this Award to a company that has demonstrated technological superiority within its industry. The Award recognizes the ability of the company to successfully develop or introduce a new technology, formulate a well-designed product family, and make significant product performance contributions to the industry.
Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research in order to identify best practices in the industry.
Developed in Irvine, California, the award-winning Insteon remote control product line includes more than 200 devices, from lamp dimmers to thermostats and LED bulbs. Insteon delivers the fastest, most reliable wireless device communication in the industry with its innovative dual-band and simulcast mesh technology, creating the optimum platform for the coming Internet of Things. Insteon products are available throughout the U.S. and Canada as well as internationally. For more information about Insteon®, please visit www.insteon.com, or connect with Insteon on Facebook (www.facebook.com/insteon) and Twitter (www.twitter.com/insteon).
Isaac Sanz, 1-949-221-0037 x187