GREENSBORO, NC, – January 5, 2018 – Qorvo® (NASDAQ: QRVO), a leading provider of innovative RF solutions that connect the world, is helping seniors live more independently in their homes with the help of a new eHealth system powered by the company’s chipsets for the Internet of Things (IoT). Health insurer CZ will provide the system to 3,000 elderly customers in the Netherlands, marking the first deployment of a senior smart home solution by a large health insurance company.
eHealth technologies with whole-home sensor systems present an opportunity for health insurers and consumers to reduce healthcare costs and enhance quality of life. According to Grand View Research, the global eHealth market is expected to reach $308 billion by 2022, and the transition of the healthcare industry into a digital healthcare system for management and analysis of patient health is expected to be the most vital driver of the market. 1
The system that CZ will deploy consists of a non-intrusive set of motion and open/close sensors, and a gateway. It combines proven cloud algorithm expertise from Sensara with industry-leading Zigbee® Green Power RF solutions from Qorvo. Zigbee Green Power is optimized for ultra-long coin-cell battery life sensors (10-year replacement) and provides secure, long-range and highly reliable wireless data transmission. These features are essential to the evolution of the smart home.
Menno Janssen, strategic program manager of CZ, said, “We believe that seniors using reliable eHealth systems will gain a wide range of benefits, enhancing their quality of life and enabling their families or caregivers to have peace of mind that they are safe and healthy.”
Cees Links, general manager of Qorvo’s Wireless Connectivity business unit, said, “The innovation that Qorvo delivers in its Zigbee Green Power RF solutions, combined with behavior analysis algorithms, helps elderly people live longer and more independently at home. We’re excited about our partnership with CZ, a large health insurance company, and commend them for being a frontrunner in deploying eHealth solutions to improve lives. The IoT lifestyle market is quickly growing, and Qorvo is proud to play a more significant part.”
Qorvo products that solve the IoT’s toughest RF challenges will be showcased during CES 2018 (#CES2018) in Las Vegas, Nevada, January 9-12, in booth #42531, Halls A-D of Sands Expo.
More information about the IoT is available by downloading the Qorvo free e-book series, “Internet of Things For Dummies®.” The two-volume series is designed to help technical and nontechnical professionals understand the intricacies of the IoT. The e-books are available at: http://www.qorvo.com/iot-for-dummies. In addition, a video about Qorvo’s senior lifestyle system – can be accessed here.
Qorvo’s Wireless Connectivity business is one of the leading developers of wireless semiconductor system solutions for connected devices, with a broad range of advanced RF chips and software for smart home data communications and the IoT. Information about Qorvo solutions for this market is available at: www.qorvo.com/applications/internet-of-things.
About Qorvo
Qorvo (NASDAQ:QRVO) makes a better world possible by providing innovative RF solutions at the center of connectivity. We combine product and technology leadership, systems-level expertise and global manufacturing scale to quickly solve our customers' most complex technical challenges. Qorvo serves diverse high-growth segments of large global markets, including advanced wireless devices, wired and wireless networks and defense radar and communications. We also leverage our unique competitive strengths to advance 5G networks, cloud computing, the Internet of Things, and other emerging applications that expand the global framework interconnecting people, places and things. Visit http://www.qorvo.com to learn how Qorvo connects the world.
1eHealth Market Projected To Reach USD 308.0 Billion By 2022, Grand View Research, April 2016
Qorvo is a registered trademark of Qorvo, Inc. in the U.S. and in other countries.
|
Investor Relations Contact: |
Media Contact Wireless Connectivity: |
This press release includes "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements about our plans, objectives, representations and contentions and are not historical facts and typically are identified by use of terms such as "may," "will," "should," "could," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential," "continue" and similar words, although some forward-looking statements are expressed differently. You should be aware that the forward-looking statements included herein represent management's current judgment and expectations, but our actual results, events and performance could differ materially from those expressed or implied by forward-looking statements. We do not intend to update any of these forward-looking statements or publicly announce the results of any revisions to these forward-looking statements, other than as is required under the federal securities laws. Qorvo's business is subject to numerous risks and uncertainties, including variability in operating results, the inability of certain of our customers or suppliers to access their traditional sources of credit, our industry's rapidly changing technology, our dependence on a few large customers for a substantial portion of our revenue, a loss of revenue if contracts with the U.S. government or defense and aerospace contractors are canceled or delayed, our ability to implement innovative technologies, our ability to bring new products to market and achieve design wins, the efficient and successful operation of our wafer fabrication facilities, assembly facilities and test and tape and reel facilities, our ability to adjust production capacity in a timely fashion in response to changes in demand for our products, variability in manufacturing yields, industry overcapacity and current macroeconomic conditions, inaccurate product forecasts and corresponding inventory and manufacturing costs, dependence on third parties and our ability to manage platform providers and customer relationships, our dependence on international sales and operations, our ability to attract and retain skilled personnel and develop leaders, the possibility that future acquisitions may dilute our shareholders' ownership and cause us to incur debt and assume contingent liabilities, fluctuations in the price of our common stock, additional claims of infringement on our intellectual property portfolio, lawsuits and claims relating to our products, security breaches and other similar disruptions compromising our information and exposing us to liability, and the impact of stringent environmental regulations. These and other risks and uncertainties, which are described in more detail in Qorvo's most recent Annual Report on Form 10-K and in other reports and statements filed with the Securities and Exchange Commission, could cause actual results and developments to be materially different from those expressed or implied by any of these forward-looking statements.