NEW YORK and TAIPEI, Taiwan, Jan. 14, 2013 (GLOBE NEWSWIRE) -- At the 2013 International CES, Tatung Co., a worldwide leader in the design and manufacturing of industrial, energy, and consumer products, and Arkados Group, Inc. (OTC:AKDS), a provider of software solutions for the Internet of Things and Energy Efficiency, have agreed to collaborate on the joint development of innovative smart home devices featuring home energy management and intelligent control over cloud services.
Within the collaboration plan, Arkados will contribute its ArkTIC® software solutions and development expertise to enable Tatung's smart home devices intended for Home Area Network (HAN) applications. In addition, Arkados will provide user control interfaces that can run on a wide array of devices that include smart phones and tablets. Tatung, a key player in the smart grid market, is a world-class manufacturer of a wide array of products in such areas as energy and power equipment, home appliances, and smart devices. In remaining committed to its stated mission of being a leader in these markets, Tatung intends to employ the Arkados solutions for quick time-to-market and seamless connectivity of these devices.
"We are excited to be working with a company with such a strong leadership position and history in the industrial, smart grid, and consumer electronics areas," noted Terrence DeFranco, president and CEO of Arkados. "Tatung's vision and motivation of creating a fully-integrated solution benefits multiple parties, including utility companies, carriers, consumers and the general public." DeFranco further commented, "Energy efficiency and smart home device intelligence is definitely right in our focus and core competence. We value the relationship and are determined to be part of the success with Tatung."
"Energy conservation is a key global focus and a major initiative of our Smart Grid efforts," said W. Y. Lin, President of Tatung. "Tatung and Arkados have a history of working together and we are pleased to see their new service offerings based on the ArkTIC software development plan aimed at "demand response" of energy consumption and ease of integration with backend infrastructure." Lin noted, "With a complex system in mind and critical implementation details to address, Tatung welcomes Arkados' software development expertise in making our devices interoperable with other devices and conforming to industry standards."
About Arkados Group, Inc.
Arkados delivers a universal platform that provides software solutions for smart grid and smart home applications primarily in the areas of energy management, home health care, smart appliances and home security and entertainment. Arkados' customers can bring numerous sophisticated, full-featured products to market faster at a lower overall development cost using a single platform: the company's versatile and programmable ArkTIC® platform. The company's software solutions are uniquely designed to drive a wide variety of wireless and powerline communication (PLC)-based products, such as smart meters, smart appliances and smart security and entertainment products. Arkados® and ArkTIC® are registered trademarks.
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As the company that best represents Taiwan by media's choice, Tatung Company has three business groups covering power related business, consumer electronics, and system integration. The Company focuses particularly on the development of advanced technologies and global network of operation. Specializing in serving branded customers on a global basis, Tatung offers its customers tremendous advantages on cost, speed, and seamless backend support.
With smart home solutions and smart grid applications, Tatung demonstrates its synergy on home area networking (HAN) and energy management to make it affordable and complete. Its cutting-edge new products include PLC module, machine-to-machine bridge, smart plug with HomePlug & ZigBee, smart meter with command & control, in-home display, surveillance camera, and addressable LED lighting speaker.
Research and development collaborations between the Company and Tatung University also lay a solid foundation for Tatung to yield advancement and excellence.
This release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934 that are based upon assumptions that in the future may prove not to have been accurate and are subject to significant risks and uncertainties, including statements as to the future performance of the company and the risks and uncertainties detailed from time to time in reports filed by the company with the Securities and Exchange Commission.
Although the company believes that the expectations reflected in its forward-looking statements are reasonable, it can give no assurance that such expectations or any of its forward-looking statements will prove to be correct. Factors that could cause results to differ include, but are not limited to, the company's ability to raise necessary financing, retention of key personnel, timely delivery of inventory from the company's contract manufacturers, timely product development, product acceptance, and the impact of competitive services and products, in addition to general economic risks and uncertainties.