Nest and ecobee Enter Long-Term Cross-License Agreement

June 3, 2017

PALO ALTO, Calif. & TORONTO–(BUSINESS WIRE)–Nest Labs, Inc. and ecobee Inc. today announced that they have reached a
long-term patent cross-license agreement reflecting the respective
strength of the companies’ investments in innovation. Nest and ecobee
believe that this patent accord promotes product innovation and consumer
choice in the market for smart home products. The details of the
agreement are confidential.

About ecobee

ecobee Inc. introduced the world’s first wi-fi smart thermostat to help
millions of customers save money, conserve energy and seamlessly bring
home automation into their lives. The company’s first flagship consumer
device – ecobee3 – introduced pioneering room sensor technology to
deliver comfort in the rooms that matter most. Most recently ecobee
announced its next generation smart thermostat: ecobee4. With built-in
Amazon Alexa Voice Service and far-field voice recognition, ecobee4
combines smart thermostat functionality and room sensor technology with
voice to help customers manage their home’s comfort, energy and busy
lives.

About Nest

Nest’s mission is to create a home that’s thoughtful – one that takes
care of the people inside it and the world around it. The company
focuses on simple, beautiful and delightful hardware, software and
services. The Nest Learning Thermostatâ„¢ and Nest Energy Services keep
you comfortable and address home energy consumption. The Nest Protectâ„¢
smoke and carbon monoxide alarm helps keep you safe and Nest Safety
Rewards lets you save money through participating home insurance
providers, while Nest Camâ„¢ keeps an eye on what matters most inside and
outside your home.

Nest products are sold in the U.S., U.K., Austria, Belgium, Canada,
France, Germany, Italy, Ireland, the Netherlands, Spain and Mexico and
are installed in more than 190 countries. The Nest Learning Thermostat
has helped save approximately thirteen billion kWh of energy to date.
Through the Works with Nest program, third-party products can securely
connect with Nest devices to make homes safer, more energy efficient,
and more aware. For more information, visit www.nest.com.

Contacts

Nest
Kate Brinks
[email protected]