Ingersoll Rand Acquires Innovative Connected Home Service Platform from Tech Startup Crayon Interface

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Signed deal enables Crayon Interface to expand its presence in the Connected Vehicle market with new offerings in driver safety, fleet management and consumer telematics. Ingersoll Rand expands its technology footprint in the Connected Home space.

Ingersoll Rand (IR), a $13billion global supplier to transportation, manufacturing, construction, and agricultural industries, announced today the acquisition of Crayon Interface’s Connected Home Services (CHS) Platform in a move to expand IR’s presence in the Connected Home space. Crayon Interface’s CHS Platform includes the most prolific mobile application platform for monitoring and controlling security and energy management devices – including Z-Wave® enabled door locks, thermostats, lighting and IP cameras. In 2009, Ingersoll Rand partnered with Crayon Interface to introduce Schlage LiNK, the industry’s first web and mobile-enabled home management system. Schlage LiNK includes access control, lighting, video and energy management solutions from Ingersoll Rand’s Trane division. Schlage LiNK devices can be controlled from a web portal via internet browsers and from web-enabled phones supported by wireless carriers throughout the U.S. and Canada.

“We are excited about acquiring this innovative technology from Crayon Interface. We look forward to leveraging it to continue to bring unique and valuable solutions to homeowners and other consumers across a variety of channels,” stated Dwight Gibson VP & GM Connected Home Solutions for Ingersoll Rand.

Terms of the deal were not disclosed but the proceeds of the sale will go towards expanding Crayon Interface’s existing vehicle telematics business. “The sale of our CHS technology allows us to focus our resources on the explosive growth in the connected passenger and commercial vehicle markets,” stated Garrick Pohl, Crayon Interface CEO. “The value proposition around a connected vehicle is similar to that of a connected home – safety, security, cost savings, energy efficiency and convenience. Crayon Interface is launching several new consumer and enterprise solutions in the coming months, delivering connectivity to vehicles throughout North America!”

About Schlage and Ingersoll Rand Residential Solutions
Schlage is the leader in security devices, trusted for 90 years, spanning both the commercial and residential markets. Commercial grade quality is built into every Schlage® product. The brand is on the forefront of developing cutting-edge technology and innovation such as wireless security products and biometrics, among others. Ingersoll Rand Residential Solutions, a business comprised of well-known brands like Schlage® and Trane®, delivers safety, comfort and efficiency to homeowners throughout North America. Our quality products, services and solutions include mechanical and electronic locks, heating and air conditioning systems, indoor air quality solutions, advanced controls, portable security systems and remote home management. For more information please visit http://www.ingersollrand.com, http://www.schlage.com, or http://www.trane.com.

About Ingersoll Rand
Ingersoll Rand is a global diversified industrial firm providing products, services and solutions to enhance the quality and comfort of air in homes and buildings, transport and protect food and perishables, secure homes and commercial properties, and enhance industrial productivity and efficiency. Driven by a 100-year-old tradition of technological innovation, we enable companies and their customers to create progress. For more information, visit http://www.ingersollrand.com.

About Crayon Interface, Inc.
With its innovative software and service platform, Crayon Interface provides real-time connectivity to internet enabled devices in the home, vehicle and workplace environments - serving consumers, businesses and municipalities through a variety of offerings. Crayon Interface is expanding its worldwide messaging network and software platform to support the rapidly growing vehicle telematics markets. Crayon Interface currently supports telematics solutions in three distinct markets – Fleet Management, Driver Safety (http://www.rightlane.gomoshi.com) and Consumer Telematics (http://www.c3autopageusa.com). To learn more about Crayon Interface, visit the Company’s website at http://www.crayoninterface.com.

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