Zensys Secures Funding Agreement
According to Zensys, the capital investment from Palamon Capital Partners will be primarily applied to further development of the company’s Z-Wave™ technology. Z-Wave is Zensys’ patent-pending wireless home control protocol, aimed at providing reliable and moderately priced home control solutions to the average consumer.
The company aims to develop a global partnership with the technology and integrate Z-Wave into partner product lines. According to the company, Z-Wave will allow consumers to access/control lighting, electricity, heating, alarms, and ventilation from a PC, PDA, or cellular phone.
Publication date: 05/14/2001