Toll Brothers selects home automation, control solutions provider Control4 to provide it with smart home automation technology across the US; homebuyers have choice of several smart home technology packages
SALT LAKE CITY
February 4, 2014
– Control4 solutions to make select new Toll Brothers homes smart
Control4 Corporation (NASDAQ: CTRL), a leading provider of automation and control solutions for the connected home, today announced that it has been selected by Toll Brothers, Inc. (NYSE:TOL) (www.tollbrothers.com), a leading national builder of luxury homes, to provide Toll Brothers’ home buyers the option to include the latest smart home automation technology in their new homes. Control4® solutions will be offered to buyers of select new Toll Brothers’ homes throughout the U.S., and buyers will have access to professional and custom configuration by in-market certified Control4 specialists.
Under the agreement with Toll Brothers, prospective home buyers will be able to choose from several pre-configured Control4® automation packages. These packages feature high-performance automation controllers, intelligent lighting, thermostats, smart locks, touchscreens, multi-room audio/video solutions, and smart phone and tablet accessibility. New homeowners will also have access to additional automation capability and products via a network of independent automation specialists trained and certified by Control4 to customize the homeowner’s smart home to their precise needs.
“One of the reasons home buyers are attracted to Toll Brothers communities is that we pride ourselves on offering the latest technology and household amenities to make life more entertaining, more comfortable and more convenient,” said Richard T. Hartman, Toll Brothers' president and chief operating officer. “From talking to our customers, we know that smart home capabilities are highly desired, and we are pleased to partner with Control4 to offer best-in-class home automation to deliver truly smart homes.”
“Today’s ‘always-connected’ consumers expect the same level of convenience and personalized control of their homes as they do of their smartphones and apps. We are thrilled to partner with Toll Brothers, a leading luxury home builder, to deliver exceptional, personalized automation experiences to new homeowners. Our jointly-defined offerings will provide new home buyers tailored choices to best integrate Control4 automation into their new home and personal lifestyle,” said Martin Plaehn, Control4 chairman and CEO.
Toll Brothers and Control4 will jointly market the benefits of home automation to prospective home buyers through on-site product demonstrations, videos, marketing collateral and other materials at select Toll Brothers Model Homes and Design Centers. The Control4 home automation capabilities and solutions are planned to be available at select Toll Brothers’ communities beginning later this quarter.
Control4 (CTRL) is a leading provider of automation systems for homes and businesses, offering personalized control of lighting, music, video, temperature, security, communications and similar functionalities into a unified home automation solution that enhances the daily lives of its customers. Control4 unlocks the potential of connected devices, making entertainment systems easier to use, homes more comfortable and energy efficient, and families more secure. More than 75% of Control4's consumers have integrated two or more functionalities with Control4's solution, which is available through more than 3,000 custom integrators, retail outlets, and distributors in over 80 countries. By delivering insightfully simple control solutions that enhance the lives of individuals and families, Control4 is the automation platform of choice for consumers, major consumer electronics companies, hotels, and businesses around the world.
About Toll Brothers
Toll Brothers, Inc., A FORTUNE 1000 Company, is the nation's leading builder of luxury homes. The Company began business in 1967 and became a public company in 1986. Its common stock is listed on the New York Stock Exchange under the symbol "TOL". The Company serves move-up, empty-nester, active-adult, and second-home buyers and operates in 19 states: Arizona, California, Colorado, Connecticut, Delaware, Florida, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Nevada, New Jersey, New York, North Carolina, Pennsylvania, Texas, Virginia, and Washington.
Toll Brothers builds an array of luxury residential single-family detached, attached home, master planned resort-style golf, and urban low-, mid- and high-rise communities, principally on land it develops and improves. The Company operates its own architectural, engineering, mortgage, title, land development and land sale, golf course development and management, home security, and landscape subsidiaries. The Company also operates its own lumber distribution, house component assembly, and manufacturing operations. The Company purchases distressed loan and real estate asset portfolios through its wholly owned subsidiary, Gibraltar Capital and Asset Management. The Company acquires and develops commercial and apartment properties through Toll Commercial and Toll Apartment Living, and the affiliated Toll Brothers Realty Trust, and develops urban low-, mid- and high-rise for-sale condominiums through Toll Brothers City Living.
Toll Brothers is honored to have won the three most coveted awards in the homebuilding industry: America's Best Builder from the National Association of Home Builders, the National Housing Quality Award, and Builder of the Year. Toll Brothers was awarded Builder of the Year in 2012 as well as in 1988, and is the only two-time recipient. Toll Brothers proudly supports the communities in which it builds; among other philanthropic pursuits, the Company sponsors the Toll Brothers Metropolitan Opera International Radio Network, bringing opera to neighborhoods throughout the world. For more information, visit www.tollbrothers.com.
Forward Looking Statement
This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding Control4’s possible future products and financial outlook. All statements other than statements of historical fact contained in this press release are forward-looking statements. These forward-looking statements are made as of the date they were first issued, and were based on the then-current expectations, estimates, forecasts, and projections, as well as the beliefs and assumptions of management. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond Control4’s control. Control4’s actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to, risks detailed in Control4’s most recent S-1/A filed with the Securities and Exchange Commission, as well as other documents that may be filed by the company from time to time with the Securities and Exchange Commission. Past performance is not necessarily indicative of future results. The forward-looking statements included in this press release represent Control4’s views as of the date of this press release. The company anticipates that subsequent events and developments may cause its views to change. Control4 has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. These forward-looking statements should not be relied upon as representing Control4’s views as of any date subsequent to the date of this press release.
ICR, Inc. For Control4
Cory Ziskind, 646-277-1232
Kira Sterling, 215-938-8220
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