Fremont, CA – May 3, 2016 – The Z-Wave Alliance, a global membership organization dedicated to advancing the popular Z-Wave wireless smart home protocol, has announced that Nokia has joined its membership to advance their smart home business strategy. Nokia, a global leader in the technologies that connect people and things, provides technology offerings to help communication service providers, governments, and large enterprises deliver on the promise of 5G, the Cloud and the Internet of Things. Because Z-Wave is one of the key wireless IoT platforms being used in residential applications, Nokia is implementing Z-Wave in its latest generation of smart home gateway products.

“The size of the Z-Wave ecosystem and the functionality of the platform will allow Nokia to combine our core offerings of residential gateways for communication and entertainment to gateways that support Internet of Things functionality,” said Leopold Diouf, General Manager Digital Home at Nokia. “Smart home is one of our strategic focus areas and the Alliance will absolutely accelerate these efforts. To realize the full potential of the smart home, interoperability is key. Being able to leverage the Z-Wave Alliance renowned certification program and work with Z-Wave vendors who have already been certified will significantly support our ability to deliver a robust offering.”

Nokia joins almost 400 additional Z-Wave Alliance members in supporting the Z-Wave standard in smart homes around the world. Z-Wave has experienced unprecedented growth in the past year, with a 25% increase in members and over 50 million devices shipped globally.

“We are excited to welcome Nokia to the Alliance. With their stellar reputation in the telecommunications industry and their gateway product, Nokia will be an excellent addition to the myriad of diverse smart home devices in our ecosystem,” said Mitchell Klein, executive director of the Z-Wave Alliance. “We’ve seen time and again that big players looking to grow their presence in IoT choose Z-Wave because of our interoperability, brand diversity and technology strengths that are unparalleled in the smart home space.”

For more information on the Z-Wave Alliance, please visit https://z-wavealliance.org. For updates from the Z-Wave, follow the Z-Wave Alliance on Facebook, Twitter and on LinkedIn.

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 1500 certified interoperable products worldwide. Represented by the Z-Wave Alliance, and supported by more than 375 companies around the world, the standard is a key enabler of smart home solutions for 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, 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.

About Nokia

Nokia is a global leader in the technologies that connect people and things. Powered by the innovation of Bell Labs and Nokia Technologies, the company is at the forefront of creating and licensing the technologies that are increasingly at the heart of our connected lives. With state-of-the-art software, hardware and services for any type of network, Nokia is uniquely positioned to help communication service providers, governments, and large enterprises deliver on the promise of 5G, the Cloud and the Internet of Things. http://nokia.com

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 anticipated membership in the Z-Wave Alliance and market acceptance of the Z-Wave ecosystem. 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-K. 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.

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