News

Lowe’s makes a case for the smart home

BY Ken Clark

Lowe’s new Iris Smart Home solution is slated to be available in Lowe’s stores and through Lowes.com in mid-2012.

Iris is described as an affordable system that will give homeowners the ability to control and interact with their homes from anywhere. Energy and technology company Genability will be used by Lowe’s in its new cloud-based smart home solution called Iris.

"Energy management is an integral part of our smart home vision," said Kevin Meagher, Lowe’s VP and general manager of Smart Home. "By incorporating Genability, we are able to tell homeowners not just what energy they are using, but what their energy choices are costing them. Providing consumers with energy knowledge is a vital piece of our smart home initiative."

The Lowe’s initiative will involve vendor collaboration. For instance, door manufacturer Therma-Tru will integrate with Lowe’s Iris system. Therma-Tru will develop and incorporate a monitoring system in 2012 for homeowners that can be used via Iris in conjunction with Benchmark by Therma-Tru entry doors purchased at Lowe’s stores nationwide. The new system will make it possible for homeowners to be notified on their smartphone or computer whenever a monitored home entry door has been opened, the company said.

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Industry Dashboard for Jan. 9, 2012

BY HBSDEALER Staff

The national unemployment rate is declining, consumer confidence is rising, and stocks on the Home Channel Stock Roundup appear generally in the top right quadrant of the grid.

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Siam Cement sets its sights on U.S.

BY Brae Canlen

The Siam Cement Group (SCG), the second largest company in Thailand and the country’s largest cement supplier, is planning to begin exporting building materials once again to the United States, according to an article in the Bangkok Post.

Kan Trakulhoon, president and CEO of the industrial conglomerate, made his remarks during the Jan. 4 opening of the BoI Fair, a green technology event being held in Thailand this month. He said that a team has been assigned to prepare the group’s re-entry into the U.S. market after positive economic signs. These indicators include a rebound in the U.S. stock exchange and the 7% growth in housing sales during November 2011.

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Exports make up 29% of SCG’s revenue. Taken together, Asian countries make up 40% of that figure.

SCG is comprised of 100 companies divided into five business core groups: chemicals, paper, cement, building materials and distribution.

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