PALO ALTO, Calif. & TORONTO--(BUSINESS WIRE)--Nest Labs, Inc. and ecobee Inc. today announced that they have reached a long-term patent cross-license agreement reflecting the respective strength of the companies’ investments in innovation. Nest and ecobee believe that this patent accord promotes product innovation and consumer choice in the market for smart home products. The details of the agreement are confidential.

About ecobee

ecobee Inc. introduced the world’s first wi-fi smart thermostat to help millions of customers save money, conserve energy and seamlessly bring home automation into their lives. The company’s first flagship consumer device – ecobee3 – introduced pioneering room sensor technology to deliver comfort in the rooms that matter most. Most recently ecobee announced its next generation smart thermostat: ecobee4. With built-in Amazon Alexa Voice Service and far-field voice recognition, ecobee4 combines smart thermostat functionality and room sensor technology with voice to help customers manage their home’s comfort, energy and busy lives.

About Nest

Nest’s mission is to create a home that’s thoughtful - one that takes care of the people inside it and the world around it. The company focuses on simple, beautiful and delightful hardware, software and services. The Nest Learning Thermostat™ and Nest Energy Services keep you comfortable and address home energy consumption. The Nest Protect™ smoke and carbon monoxide alarm helps keep you safe and Nest Safety Rewards lets you save money through participating home insurance providers, while Nest Cam™ keeps an eye on what matters most inside and outside your home.

Nest products are sold in the U.S., U.K., Austria, Belgium, Canada, France, Germany, Italy, Ireland, the Netherlands, Spain and Mexico and are installed in more than 190 countries. The Nest Learning Thermostat has helped save approximately thirteen billion kWh of energy to date. Through the Works with Nest program, third-party products can securely connect with Nest devices to make homes safer, more energy efficient, and more aware. For more information, visit www.nest.com.