Verizon and Cypress Bring Secure Connectivity to Robust Internet of Things Development Platform

The offering, which will be commercially available early in the second quarter of 2017, gives developers the ability to access Verizon's ThingSpace software development kit via the Cypress Wireless Internet Connectivity for Embedded Devices (WICED^®) Studio 4 development platform. Developers using WICED can quickly integrate cloud connectivity with the Verizon ThingSpace platform -- all in a single development environment.

Verizon's ThingSpace is a web-based, global IoT platform that allows developers to create, onboard and manage devices and applications. ThingSpace robust analytics means developers can collect and visualize data during device lifecycle that can then be used to create services. The WICED platform supports ThingSpace APIs and the most popular cloud services worldwide, eliminating the need for developers to implement the protocols necessary to connect to those services and, as a result, reducing development time and costs.

"The pace of innovation and investment in the IoT space is increasing rapidly and developers are facing increasing pressure to bring connected products to market quickly," said Mark Bartolomeo, vice president of connected solutions at Verizon. "Our ThingSpace platform and Cypress' WICED platform are based on the common vision of giving IoT developers the tools and resources they need to connect their products. Together, this offering provides an easy-to-follow path to develop the hardware and software required to connect IoT products."

Added Michael Hogan, vice president of the IoT Business Unit at Cypress, "ThingSpace support is a significant addition to the WICED platform as it brings together two powerful ecosystems while streamlining the cloud-based development platform. With the ever-increasing concerns around Internet security, we also are giving developers multiple layers of security from the device level to the network and beyond."

The Cypress WICED Studio 4 development platform features an integrated and interoperable wireless software development kit. The kit includes rigorously tested Wi-Fi^® and Bluetooth^® protocol stacks, as well as simplified application programming interfaces that free developers from needing to learn complex wireless technologies. In line with the IoT trend toward dual-mode connectivity, the kit supports Cypress' Wi-Fi and Bluetooth combination solution and its Bluetooth and Bluetooth Low Energy combination solution.

More information on Verizon's ThingSpace IoT platform is available at http://thingspace.verizon.com, and more information on Cypress' WICED platform, ecosystem and community is available at http://www.cypress.com/wicedcommunity.

About Verizon Communications Inc.

Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in New York City, has a diverse workforce of 162,000 and generated nearly $132 billion in 2015 revenues. Verizon operates America's most reliable wireless network, with 113.7 million retail connections nationwide. The company also provides communications and entertainment services over mobile broadband and the nation's premier all-fiber network, and delivers integrated business solutions to customers worldwide.

About Cypress

Founded in 1982, Cypress Semiconductor Corp. (Nasdaq: CY) is the leader in advanced embedded system solutions for the world's most innovative automotive, industrial, home automation and appliances, consumer electronics and medical products. Cypress' programmable systems-on-chip, general-purpose microcontrollers, analog ICs, wireless and USB-based connectivity solutions and reliable, high-performance memories help engineers design differentiated products and get them to market first. Cypress is committed to providing customers with the best support and engineering resources on the planet enabling innovators and out-of-the-box thinkers to disrupt markets and create new product categories in record time. To learn more, go to www.cypress.com.

Cypress, the Cypress logo and WICED are registered trademarks of Cypress Semiconductor Corp. All other trademarks are property of their owners.

SOURCE Cypress Semiconductor Corp.

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