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Silicon Labs Powers World’s First Native Matter-Over-Thread Smart Locks as Matter Goes Mainstream

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7 months ago

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Smart lock pioneers Nuki and U-tec select Silicon Labs solutions for Matter-over-Thread leadership

AUSTIN, Texas, Feb. 29, 2024 /PRNewswire/ — Silicon Labs (NASDAQ: SLAB), a leader in secure, intelligent wireless technology for a more connected world, today announced its solutions have been selected for use in the world’s first native Matter-over-Thread smart locks. As more Matter-ready devices are deployed to streamline the connected home experience, companies require reliable and secure solutions to accelerate the time to market of their Matter-compatible products.

Austrian smart lock manufacturer Nuki is using Silicon Labs solutions in the fourth-generation Nuki Smart Lock, the world’s first smart lock with native Matter-over-Thread support that adds smart capabilities to European-style door knobs. Silicon Valley-based smart lock manufacturer U-tec uses Silicon Labs solutions in its newly announced Ultraloq Bolt Fingerprint Matter, the first-ever biometric smart deadbolt lock with Matter-over-Thread.

“The companies leading IoT industry trends and setting the curve with Matter capabilities are coming to Silicon Labs for our Matter expertise,” said Jacob Alamat, Senior Vice President for the Home and Life Business Unit at Silicon Labs. “As the largest code contributor to Matter of any semiconductor company, Silicon Labs has extensive expertise in the field, enabling our array of industry-leading Matter SoCs and modules and empowering strong, cutting-edge partnerships.”

Silicon Labs’ Ultra-low power Matter, Bluetooth, and Wi-Fi solutions enable Matter-over-Thread in Nuki’s Smart Lock
Nuki’s fourth-generation Smart Lock is a retrofit smart lock for European-style doors. It is the first with native Matter support, meaning that users do not need a separate bridge or module to run their new smart lock in multiple ecosystems. The Nuki Smart Lock is supported by numerous Silicon Labs solutions, selected for their energy efficiency, security, and reliability in developing with Matter-over-Thread.

“As pioneers in the smart home sector, it was not only important for Nuki to be part of the Matter movement from the very beginning – but also it would have been unthinkable not to be. It is all the more rewarding that we could live up to this role with the launch of our fourth-generation smart locks. But this would not have been possible without a strong partner,” explains Martin Pansy, Co-Founder and CEO of Nuki. “In over a year of intensive work on this project, Silicon Labs has constantly proven its expertise and shown that, as partners, they are the same as the solutions they provide: efficient and reliable.”

The Silicon Labs Matter-certified MG24 SoC and EFP01 power management IC provide Nuki with the ideal combination for energy-efficient mesh IoT wireless connectivity using Matter, OpenThread, and Zigbee protocols.

Nuki is also using Silicon Labs’ BG22 Bluetooth SoC to meet the unique requirements of high-volume, battery-powered Bluetooth products and the Silicon Labs WF200 Wi-Fi transceiver, which is ideal for secure, low-power IoT Wi-Fi applications and optimized for low-power and optimal RF performance in crowded RF environments.

Later this year, the Austrian company plans to bring its retrofit locks to the US.

Secure, high-performance SoC powers Matter-over-Thread in U-tec’s Ultraloq Bolt
U-tec’s mission revolves around empowering homeowners with innovative, user-friendly smart home solutions, creating products that enhance security, simplify daily life, and offer peace of mind through accessible, reliable technology. The reliability and security provided by Silicon Labs helps form the backbone of this promise in their latest smart lock.

U-tec’s Ultraloq Bolt Fingerprint is an advanced smart lock offering a six-in-one unlocking experience and multi-layered security. Empowered by the integration with Silicon Labs MG24 SoC, Ultraloq Bolt Fingerprint Matter will be the first smart lock with biometric recognition technology to support Matter-over-Thread.

“More than one million North American U-tec customers choose us because they seek a way to seamlessly and securely integrate connected devices into their homes,” said David Huang, Strategic Partner Director at U-tec. “Silicon Labs has built a reputation as a leader in Matter and is a natural fit for our first Matter smart lock.”

With critical features like high-performance 2.4 GHz RF, low current consumption, an AI/ML hardware accelerator, and Secure Vault™, the MG24 SoC enables U-tec to create intelligent, robust, and energy-efficient smart locks that are secure from remote and local cyber-attacks.

Learn more about Silicon Labs Matter Offerings
Silicon Labs is all-in on Matter, with a complete portfolio of hardware and software focused on Matter and expert support. This includes the opportunity to work directly with Silicon Labs engineers and experts in the new Silicon Labs Interoperability Lab in Boston, MA. There, engineers can evaluate products to see how they would work in a simulated home environment as they prepare for Matter certification.

If you are interested in getting started on a new Matter project with Silicon Labs, please visit:

Matter SoC and Module Selector GuideSilicon Labs Matter Developer JourneyMatter Connectivity Standard FAQ

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SOURCE Silicon Labs

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Tulufan, Xinjiang: For the first time, a new energy plant and station has achieved “all-green electricity” operation

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4 mins ago

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September 20, 2024

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TULUFAN, China, Sept. 20, 2024 /PRNewswire/ — On September 19, employees of State Grid Tulufan Electric Power Supply Company came to State Power Investment Zhongli Tenghui Qiquanhu Photovoltaic Power Station to provide comprehensive technical support and guidance for new energy enterprises.

Seven wind power and photovoltaic power generation enterprises, including Xinjiang Jize Power Generation Company in Tulufan, have obtained 6.035 million KWH of grid electricity by purchasing 6,035 “green certificates” to achieve “green electricity – green electricity” and achieve green energy use in the whole link of new energy power generation.

The green power certificate, referred to as “green certificate”, is the only certificate that identifies the production and consumption of renewable energy power. Promoting the all-green operation of new energy power generation is an important measure to promote the green consumption of renewable energy.

“Before, we were just ‘producers’ of green electricity. Now the buyers of green certificates have become green electricity consumers, and the production process is fully green.” Qiquan Lake photovoltaic power station inspection officer Forzati Dilishati said.

Since the launch of the green electricity and green certificate market, State Grid Tulufan Electric Power Supply Company has actively promoted green electricity trading, promoted the supply of green electricity and green certificates in multiple scenarios, promoted the rapid promotion and popularization of related services in Tulufan, and helped build a new power system.

In the first eight months of this year, the cumulative volume of green electricity transactions in Xinjiang reached 1.174 billion KWH, 93.83 times that of the whole year of 2022.

 

View original content:https://www.prnewswire.com/apac/news-releases/tulufan-xinjiang-for-the-first-time-a-new-energy-plant-and-station-has-achieved-all-green-electricity-operation-302253902.html

SOURCE State Grid Tulufan Electric Power Supply Company

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KuCoin’s Alicia Kao Shares Insights on How AI is Accelerating Mass Crypto Adoption at TOKEN2049 Singapore

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4 mins ago

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September 20, 2024

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VICTORIA, Seychelles, Sept. 20, 2024 /PRNewswire/ — Alicia Kao, Managing Director at leading global cryptocurrency exchange, KuCoin, shared her vision on how crypto exchanges are the drivers that hold the keys to unlocking mainstream crypto adoption. Speaking at the OKX Main Stage at TOKEN2049 in Singapore on a panel session titled “Exchanges at the Helm: Driving Crypto from Niche to Mainstream,” Alicia shared that “accessing information about blockchain has become significantly easier…at KuCoin, we leverage complex data analysis algorithms using our trading bots to help users trade more efficiently.”

Industry stakeholders from all groups were in attendance for the panel, comprising investors, crypto enthusiasts, and more. The focus was on the crucial role of cryptocurrency exchanges in paving the way for crypto adoption and the eventual integration of digital assets into mainstream financial systems. Alicia and her fellow panelists explored both the challenges and opportunities that lay ahead for the crypto industry.

Alongside Alicia, the panel also featured leaders from leading crypto exchanges such as Ben Zhou, Co-Founder and CEO of Bybit; Gracy Chen, CEO of Bitget; Vivien Lin, Chief Product Officer of BingX; and Sonia Shaw, President of CoinW, and moderated by Michael Casey, Chairman of the Decentralized AI Society.

In addition to the panel discussion, KuCoin cemented its position as a leading centralised exchange (CEX) with a prominent presence on the show floor and activations that showcased the platform’s latest developments. The KuCoin Arcade also drew significant attention, offering an engaging and immersive experience with interactive crypto-themed games and activities.

“As we wrap up another edition of TOKEN2049 in Singapore, I’m once again filled with optimism for the future of the crypto industry. The energy, innovation, and collaboration displayed over the past two days have been immensely inspiring. At KuCoin, we will continue striving to be the driving force in this ever evolving space to build a more inclusive, decentralised, and prosperous financial future” added Alicia as TOKEN2049 concluded.

About KuCoin

Launched in September 2017, KuCoin is a leading cryptocurrency exchange with its operational headquarters in Seychelles. As a user-oriented platform with a focus on inclusiveness and community engagement. It offers over 900 digital assets across Spot trading, Margin trading, P2P Fiat trading, Futures trading, and Staking to its 34 million users in more than 200 countries and regions. KuCoin ranks as one of the top 6 crypto exchanges. KuCoin was acclaimed as “One of the Best Crypto Apps & Exchanges of June 2024” by Forbes Advisor and has been included as one of the top 50 companies in the “2024 Hurun Global Unicorn List”. Learn more at https://www.kucoin.com/.

 

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/kucoins-alicia-kao-shares-insights-on-how-ai-is-accelerating-mass-crypto-adoption-at-token2049-singapore-302253908.html

SOURCE KuCoin

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PayPal Ventures Reinforces Support of Chaos Labs with Additional Investment

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4 mins ago

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September 20, 2024

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SINGAPORE, Sept. 20, 2024 /PRNewswire/ — Today, PayPal Ventures, the global venture capital arm of PayPal, announced an additional investment in Chaos Labs, an industry leader in onchain risk management. This investment underscores PayPal Ventures’ confidence in Chaos Labs’ potential and their blockchain products.

Chaos Labs’ recent launch of Edge, a new decentralized oracle protocol, has garnered significant attention within the industry. Edge has already secured a remarkable $30B over the last 2 months and has been adopted by leading exchanges such as Jupiter, the top perpetuals exchange on Solana, and GMX, the leading exchange on Arbitrum.

Edge offers a comprehensive, low-latency oracle solution, combining accurate price data with actionable market intelligence. Its advanced architecture ensures the security and efficiency of DeFi applications while providing insights into market dynamics and security risks. Edge monitors the market for specific risk signals, performs the offchain data parsing and computation, and outputs one actionable data point.

Omer Goldberg, CEO and Founder of Chaos Labs, said, “We’re excited to receive the strong confidence and additional support from the PayPal Ventures team. Edge by Chaos is the culmination of our entire company’s work and expertise. Edge Price, Risk, and Proofs deliver meaningful and unmatched contextualized risk and price data for assets including stablecoins and other real-world-assets, in addition to the crypto assets and venues that provide access to them.”

Last month, Chaos Labs announced a $55 million Series A funding round led by Haun Ventures, including prominent new investors such as F-Prime Capital, Slow Ventures, and Spartan Capital, and existing investors including PayPal Ventures. Chaos Labs has experienced significant growth, tripling its customer base and securing billions in trading volume, loans, and incentives.

PayPal Ventures’ investment aligns with PayPal’s ongoing commitment to the blockchain ecosystem. In May 2024, PayPal launched its stablecoin, PYUSD, on the Solana blockchain.

Amman Bhasin, Partner at PayPal Ventures, said, “Our continued investment in Chaos Labs reflects our belief in their vision to create a safer crypto ecosystem and move more financial services on chain. Chaos Labs has emerged as a leading risk authority in the sector and we are thrilled to witness their evolution as they launch innovative products like Edge to mitigate oracle vulnerabilities.”

Chaos Labs will receive the total investment in PYUSD on-chain. A simulation will be shown live on-stage on September 20th at the annual Solana Breakpoint conference in Singapore.

About Chaos Labs

Chaos Labs leads the blockchain risk management industry with innovative solutions for the evolving onchain financial landscape. Chaos Labs enables protocols to verify stability across all market conditions, merging offchain observability with onchain risk parameter adjustments. Backed by leading venture capital firms, Chaos Labs continues to set new standards for security and responsiveness in onchain finance. Founded in 2021, Chaos Labs is headquartered in New York City.

About PayPal Ventures

PayPal Ventures is the global corporate venture arm of PayPal. We invest for financial return in companies at the forefront of innovation in fintech, commerce enablement, digital infrastructure, and crypto/blockchain technologies. Through the expertise, experience, and vast network of PayPal Ventures – and the companies we invest in – we are helping to bring transformative solutions to market faster. For more information, please visit: www.paypal.vc 

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/paypal-ventures-reinforces-support-of-chaos-labs-with-additional-investment-302253911.html

SOURCE Chaos Labs, Inc.

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