SOURCE: Sigma Designs

Sigma Designs

August 03, 2011 09:00 ET

Insignia Catches Z-Wave Momentum

Best Buy's Insignia cTV Leverages Leading Home Control Technology, Enabling Consumers to Control Their Television Without Having to Be in the Line-of-Sight

MILPITAS, CA--(Marketwire - Aug 3, 2011) - Sigma Designs (NASDAQ: SIGM), the world leader in connected media platforms, today announced that its award-winning Z-Wave technology has been integrated into the Best Buy Insignia brand's new cTV line of broadband-connected televisions. Z-Wave is a leader in the smart, connected home market, featuring an interoperable wireless RF mesh networking technology that allows a wide array of devices in and around the home to communicate including lighting, appliances, thermostats, entertainment centers and security systems.

The new Insignia televisions will provide Best Buy customers with an exceptional, intuitive user experience for controlling their TVs by utilizing the latest Z-Wave technology in the Insignia remote and TV. With over 500 supported commands, Z-Wave provides an easy-to-use platform, and also enables the use of other Z-Wave controllers and devices to connect through the TV.

"Implementing Z-Wave technology into Insignia remote controls allows the consumer the ability to control their Insignia TV from anywhere in the room without having a direct line of site to the TV. With a range of 100 feet this remote control can even penetrate cabinet walls and work through furniture. Insignia is thrilled to be working the Sigma Designs to help solve this problem," said Patrick McGinnis, vice president of Exclusive Brands for Best Buy. "We're proud to be working with Sigma Designs to bring another ease-of-use solution to the consumer."

The Z-Wave bidirectional remote is a true "universal" remote. The bidirectional technology makes the Insignia TV easy to set-up and be updated with new commands and IR codes as needed, two features not possible with standard IR remote controls.

By implementing Z-Wave technology into the TV, these new Best Buy TVs are equipped to control beyond just the remote. The Z-Wave ecosystem, including home monitoring, home healthcare, safety and security, and energy conservation devices can all be controlled from this TV. Z-Wave certified products are currently available from leading consumer brands in over 500 products worldwide.

"The Insignia brand of high-definition televisions from Best Buy is the epitome of technology leadership and innovation," stated Thinh Tran, CEO and chairman of Sigma Designs. "We're extremely proud to team up with Insignia to bring the Z-Wave experience to this leading consumer electronics brand. And we look forward to continuing to work with Insignia on possible future projects."

Insignia is a Best Buy exclusive brand designed to provide customers with high quality and dependable technology products at an affordable price. Insignia's inspiration for innovation in quality, design and performance is largely driven by customer input and employee insight. The Insignia line features a wide range of products including televisions, Blu-ray players, digital imaging products, home theater solutions, audio products and more. Insignia products are available exclusively at Best Buy and Future Shop retail locations, and online at www.bestbuy.com or www.InsigniaProducts.com.

For more information about Z-Wave, please visit www.z-wave.com.

About Sigma Designs, Inc.
Sigma Designs, Inc. (NASDAQ: SIGM) is a world leader in connected media platforms. The company designs and builds the essential semiconductor technologies that serve as the foundation for the world's leading IPTV set-top boxes, connected media players, residential gateways, home control systems and more. For more information about Sigma Designs, please visit www.sigmadesigns.com.

Sigma Designs, Z-Wave and their logos are either registered trademarks or trademarks of Sigma Designs, Inc. and its subsidiaries in the United States and other countries. All other trademarks mentioned herein are believed to be trademarks of their respective owners.

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 the potential benefits of the Best Buy Insignia TV and the Z-Wave technology, anticipated benefits of the relationship with Best Buy, the potential impact the design win will have on future revenues or the impact this relationship may have on further market adoption of Z-Wave as a technology. Actual results may vary materially due to a number of factors including, but not limited to: general economic conditions, including continuance of the current economic conditions specific to the semiconductor industry, the rate of growth of the smart grid, connected home technologies, connected media player and prosumer and industrial audio/video markets in general as well as other risks that are detailed from time to time in Sigma's SEC reports, including its annual report on Form 10-Q as filed on June 9, 2011. Readers are cautioned not to place undue reliance on these forward-looking statements which speak only as of the date hereof. Sigma undertakes no obligation to publicly 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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