STOCK TITAN

Tuya Officially Announces Support for Matter Smart Home Standard

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

Tuya Smart (NYSE: TUYA) has announced its commitment to support Matter, a new smart home connectivity standard aimed at enhancing interoperability between devices. This initiative, backed by major tech companies, will allow Tuya's customers and partners, including brands like Calex and Geeni, to develop Matter-compatible products in 2022. With over 446,000 registered developers and a vast ecosystem, Tuya aims to increase device connectivity and compatibility for consumers. The company is also actively involved in the Connectivity Standards Alliance, promoting universal standards for IoT products.

Positive
  • Tuya's support for Matter positions it ahead of competitors in the smart home industry.
  • Partnerships with major brands like Calex and Geeni for upcoming Matter-compatible products.
  • Tuya's extensive ecosystem includes over 446,000 developers and 1,100 product categories.
Negative
  • None.

LAS VEGAS, Jan. 6, 2022 /PRNewswire/ -- Tuya Smart (NYSE: TUYA), a leading IoT development platform service provider, today officially affirmed its support for Matter, a commitment to ensure that Tuya's customers and business partners can seamlessly join in the new smart home connectivity standard and provide users with more convenient smart home experience.

Tuya customers and market-leading brands such as Calex and Geeni are all planning to launch new series of consumer products which will also support the Matter standard in 2022 when the new communication protocol finally launches.

Introduced by Amazon, Apple, Google, Comcast, and the Connectivity Standards Alliance (CSA), Matter aims to provide a unified smart home standard to allow interoperability between devices and smart home platforms.

As a member of the Board of Directors of CSA and one of the early members of the Matter Work Group, Tuya has been expanding its commitment to promote universal open standards that enable IoT products to securely connect and interact, providing technical support to the Work Group and working closely with major platform partners to ensure Tuya-enabled device work with Amazon Alexa, Google Assistant, Apple HomeKit, and Samsung Smarthings.

"Upon joining the Alliance, Tuya has worked to drive interoperability and accelerate the adoption of Zigbee technology. Most recently they are also supporting our Matter standards efforts and we are grateful for Tuya's support and commitment," said Tobin Richardson, President and CEO of Connectivity Standards Alliance.

With over 446,000 registered developers and more than 1,100 product categories in the Tuya ecosystem, Tuya's support for Matter will not only enable its ecosystem partners to be among the first companies to release Matter-compatible devices once the standard officially launches, but also provide consumers with a wider variety of Matter-compatible smart home solutions.

By adding support for Matter, Tuya is continuing its efforts to ensure more connections between more devices and increasing compatibility for consumers. Together with other partners across industries, Tuya aims for continuous innovation and transforming the future of connectivity.

About Tuya Smart

Tuya Smart (NYSE: TUYA) is a leading technology company focused on making our lives smarter. Tuya does this through offering a cloud platform that connects a range of devices via the IoT. By building interconnectivity standards, Tuya bridges the intelligent needs of brands, OEMs, developers, and retail chains across a broad range of smart devices and industries. Tuya solutions empower partners and customers by improving the value of their products while making consumers' lives more convenient through the application of technology. Through its growing commercial SaaS business, Tuya offers intelligent business solutions for a wide range of verticals. The Company's platform is backed by industry-leading technology complete with rigorous data protection and security. Tuya partners with leading Fortune 500 companies from around the world to make things smarter, including Philips, Schneider Electric, Lenovo and many others.

 

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/tuya-officially-announces-support-for-matter-smart-home-standard-301456017.html

SOURCE Tuya Smart

FAQ

What is Tuya Smart's role in supporting the Matter standard?

Tuya Smart has officially committed to supporting the Matter standard, promoting interoperability in smart home devices.

Which brands are collaborating with Tuya Smart for Matter-compatible products?

Brands like Calex and Geeni are planning to launch new Matter-compatible consumer products in 2022.

How does Matter improve smart home device compatibility?

Matter provides a unified connectivity standard, allowing devices from different manufacturers to work together seamlessly.

What impact does Matter support have on Tuya Smart's business?

By supporting Matter, Tuya may enhance its market position and provide a wider array of compatible devices for consumers.

When is the Matter standard expected to launch?

The Matter standard is set to officially launch in 2022.

Tuya Inc. American Depositary Shares, each representing one

NYSE:TUYA

TUYA Rankings

TUYA Latest News

TUYA Stock Data

993.75M
476.59M
5.63%
5.94%
0.11%
Software - Infrastructure
Technology
Link
United States of America
Hangzhou