Lowe’s Iris Smart Kit Named as CES Innovations 2013 Design and Engineering Award Honoree

NEW YORK--(BUSINESS WIRE)--Lowe’s Companies, Inc. (NYSE: LOW) today announced that it has been named an International CES Innovations 2013 Design and Engineering Awards Honoree for the Iris Smart Kit. Products entered in this prestigious program are judged by a preeminent panel of independent industrial designers, engineers and members of the media to honor outstanding design and engineering in cutting-edge consumer electronics products across 29 product categories.

“We believe we can make homes safer, more efficient and easier to manage using our new Iris platform”

Lowe’s entered the Smart Home market in July with the launch of its new, award- winning Smart Kit. Lowe’s offers three starter kits: Iris Safe & Secure, Iris Comfort & Control and Iris Smart Kit. Iris is available in more than 500 Lowe’s stores nationwide and on Lowes.com/Iris.

“We believe we can make homes safer, more efficient and easier to manage using our new Iris platform,” said Kevin Meagher, Lowe’s vice president of smart home. “Current home monitoring solutions are expensive and inflexible to the extent that 80 percent of homes have no protection. Iris makes home security and management simple and affordable with free, entry-level services, no long-term contracts and a wide variety of products that are easy to install and manage from your smart phone.”

At CES 2013, Lowe’s plans to unveil the next generation of Iris products and services that will allow consumers to do everything from managing home energy consumption to monitoring pet doors to check on the family dog throughout the day. Lowe’s currently offers a variety of connected products that are compatible with Iris from vendor partners Schlage, First Alert, GE Jasco and Radio Thermostat of America.

The prestigious Innovations Design and Engineering Awards are sponsored by the Consumer Electronics Association (CEA)^®, the producer of the International CES, the world’s largest consumer technology tradeshow, and have been recognizing achievements in product design and engineering since 1976.

Lowe’s Iris Smart Kit will be displayed in The Venetian at the 2013 International CES, which runs January 8-11, 2013 in Las Vegas, Nevada. Honorees will also be displayed at CES Unveiled: The Official Press Event of the International CES from 4-7 p.m. on Sunday, January 6 in the South Seas Ballroom C at Mandalay Bay.

The Innovations entries are judged based on the following criteria:

• Engineering qualities, based on technical specs and materials used
• Aesthetic and design qualities, using photos provided
• The product’s intended use/function and user value
• Unique/novel features that consumers would find attractive
• How the design and innovation of the product compares to other products in the marketplace

Products chosen as an Innovations honoree reflect innovative design and engineering of the entries. Examples may include the first time various technologies are combined in a single product or dramatic enhancements to previous product designs.

Innovations 2013 Design and Engineering honoree products are featured on http://cesweb.org/Awards/CES-Innovations-Awards.aspx, which lists product categories, as well as each product name, manufacturer information, designer, description, photo and URL.

About Lowe’s

With fiscal year 2011 sales of $50.2 billion, Lowe’s Companies, Inc. is a FORTUNE^® 100 company that serves approximately 15 million customers a week at more than 1,745 home improvement stores in the United States, Canada and Mexico. Founded in 1946 and based in Mooresville, N.C., Lowe’s is the second-largest home improvement retailer in the world. For more information, visit Lowes.com.