Control4 Acquires Switzerland-based NEEO

Award-winning product team to enhance Control4’s plans for
next-generation interaction devices across the smart home.

SALT LAKE CITY–(BUSINESS WIRE)–Control4
Corporation
(NASDAQ:CTRL), a leading global provider of smart home
solutions, today announces the acquisition of Switzerland-based NEEO,
the creators of the acclaimed smart home remote, to accelerate its
leadership in delivering remotes, touch panels, keypads, and other smart
home devices.


Introduced in 2016, NEEO’s remote quickly gained industry recognition
for its simplistic set up, out-of-box interoperability with thousands of
devices, and most notably, its beautifully conceived industrial design.
Based in Bern, the NEEO product team has been led by the company’s
founder Raphael Oberholzer and will be working with the Control4
engineering group in Salt Lake City on the development of the
next-generation of Control4® remote controls, touch panels, keypads, and
other devices. Oberholzer will take a leadership role in the development
of Control4’s interaction devices and will report to Charlie Kindel,
Control4 Senior Vice President, Products & Services.

“Raphael built a world-class customer-centric product team with proven
strengths in industrial design, product development, and user
experience. We’re keen to add NEEO’s unique expertise and award-winning
Swiss design ethic to enhance our plans for reimagining the way
homeowners interact with their Control4 systems,” said Martin Plaehn,
Chairman and Chief Executive Officer, Control4. “The NEEO acquisition is
a talent and technology investment that will yield beautifully-designed
and deeply integrated products in the future. We’re excited to welcome
the NEEO team to the Control4 family,” he added.

“From the start, it was obvious that both our companies are passionate
for customer-centric design,” said Raphael Oberholzer, NEEO Founder. “By
joining the Control4 team, we can execute our shared vision to
accelerate the creation of beautiful products consumers want in their
smart home.”

NEEO previously sold its remote to homeowners online but is
discontinuing all direct-to-consumer distribution in connection with
this transaction. Control4 will support existing NEEO customers via www.neeo.com
and plans to provide an upgrade path to make it easy for users to
experience Control4’s broad array of smart home solutions.

Control4 is exhibiting at ISE 2019 Stand 10-N130 in Amsterdam
this week and showcasing its extensive smart home solutions including
the KNX line of smart lighting, multi-room audio and video offering,
Triad speakers, award-winning Intercom Anywhere video intercom solution,
Pakedge intelligent networking solutions, and security cameras.

For more information on Control4 visit Control4.com.

About Control4

Control4 [NASDAQ:
CTRL] is a leading global provider of automation and networking systems
for homes and businesses, offering personalized control of lighting,
music, video, comfort, security, communications, and more into a unified
smart home system that enhances the daily lives of its
consumers. Control4 unlocks the potential of connected devices, making
networks more robust, entertainment systems easier to use, homes more
comfortable and energy efficient, and provides families more peace of
mind. Today, every home and business needs automation horsepower and a
high-performance network to manage the increasing number of connected
devices. The Control4 platform interoperates with more than 13,000
third-party consumer electronics products, ensuring an ever-expanding
ecosystem of devices will work together. Control4 is now available in
over 100 countries. Leveraging a professional channel that includes over
5,800 custom integrators, retailers, and distributors authorized to
sell Control4 products, Pakedge networking solutions and Triad speakers,
Control4 is delivering intelligent solutions for consumers, major
consumer electronics companies, hotels, and businesses around the world.

Copyright ©2019, Control4 Corporation. All rights reserved. Control4,
Pakedge, Triad, NEEO, and the Control4 logo are registered trademarks or
trademarks of Control4 Corporation in the United States and/or other
countries. All other names and brands may be claimed as the property of
their respective owners. All specifications subject to change without
notice.

Source: Control4

Contacts

Control4 Press Contact
Kimberly
Lancaster, Caster Communications
Tel: +1 401-792-7080
control4@castercomm.com

Investor
Relations
Lauren Sloane, The Blueshirt Group
Tel: +1
415-217-2632
lauren@blueshirtgroup.com


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