#nortek

Nortek Bridges the Gap Between Zigbee and Z-Wave

One of the largest Z-Wave manufacturers in home automation, Nortek Security & Control, has recently joined the Zigbee Allianceand will begin to add Zigbee devices and support to their product lines to reach more business and retail clients. This move allows Nortek to access a huge market of potential customers in the coming months. It also adds an influential company to Zigbee’s expanding list of…

Two companies have entered agreements with the U.S. Securities and Exchange Commission to avoid charges related to the payment of bribes to Chinese officials by their foreign subsidiaries, the agency said on Tuesday.

The two companies, which are unrelated, have agreed to the return of profits they made as a result of the bribes. Akamai Technologies Inc <AKAM.O> will pay $652,452 plus $19,433 in interest, and Nortek Inc <NTK.O> will pay $291,403 plus $30,655 in interest.