Lowe's to Shut Down Iris Smart Home Platform March 31
January 31 2019 - 7:26PM
Dow Jones News
By Josh Beckerman
Lowe's Cos. (LOW) will shut down its Iris Smart Home platform,
which launched in 2012.
Under an online redemption process for eligible connected
devices, customers will receive a Visa prepaid card to help migrate
to another platform.
Iris said in a customer letter that certain devices used with
Iris are compatible with other platforms such as Samsung
Electronics Co.'s (SSNHZ) SmartThings.
In November, Lowe's said it would exit certain non-core
activities including Iris and Alacrity Renovation Services, and
said it was seeking a buyer for Iris.
Iris products have included security sensors, smoke detectors,
video products and water-related items.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
January 31, 2019 19:11 ET (00:11 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
Lowes Companies (NYSE:LOW)
Historical Stock Chart
From Mar 2024 to Apr 2024
Lowes Companies (NYSE:LOW)
Historical Stock Chart
From Apr 2023 to Apr 2024
