Nortek Security & Control Group Charts New Strategic Course for Smart Home Leadership Building on its success in the installed smart home space with the Linear & 2GIG brands, Nortek prepares the GoControl brand for entrance into the DIY smart home category. Providence, RI and Carlsbad, CA – December 16, 2014 – Nortek Inc. (Nasdaq: NTK) announced today that its Linear LLC subsidiary has been renamed Nortek Security & Control, LLC. Linear®, 2GIG® and GoControl® will be the subsidiary’s cornerstone brands, each targeting key markets. Strongly positioned with product portfolio synergies and the ability to cross-pollinate technology across the broader Nortek family, Nortek Security & Control provides a broad range of smart home solutions to OEMs, telecoms, major retailers, managed service providers, security dealers, custom installers and DIY consumers. “Nortek’s Linear® business has been transformed during the past few years, as we have become a market leader not only in the security industry but the broader home control and automation sector, as well,” said Nortek President and Chief Executive Officer Michael J. Clarke. “Linear’s legacy includes 50 years as a pioneer in the wireless access control market and industry-leading capabilities in the design, engineering and manufacturing of sensors and connected devices. Our 2013 acquisition of 2GIGTechnologies accentuated these strengths by bringing us more brands and capabilities, as well as complete solutions for the broader home automation space.” “We also recently transitioned the development and sales of certain Linear branded products, such as garage door operators, to one of its sister companies, GTO Access Systems (GTO),” Clarke said. “This sharpens the focus of each business and positions GTO to expand its presence in the perimeter access market. Coinciding with these changes, we are not only renaming the Linear business but also repositioning its brands and allocating greater resources to accelerate its growth in the exciting home control market.” Mike O’Neal, President of Nortek Security & Control, said, “Our success is now being driven by factors that are bigger and different from our historical Linear business. Nortek Security & Control is a tangible reflection of Nortek’s leadership in the market and its commitment to charting a strategic course in what may be one of the hottest technology categories in the past 20 years – smart home control.”Garage Door Corp will continue to offer Linear garage door opener and radio control products as in the past. If you are located in the Chicago, IL area and need Linear product please visit our website at www.gdcorp.com for further information.
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