Lagotek & Budget Blinds Enter Into New Distribution Agreement

March 24, 2009

Motorization of window coverings new focus of Lagotek, Budget Blinds partnership

BELLEVUE, Wash., March 24 /PRNewswire/ — Lagotek Corporation, a leading provider of home automation technology systems, has entered into a distribution agreement with Budget Blinds, an international retail franchisor of window covering products. Budget Blinds will market Lagotek’s Home Intelligence Platform that includes a sophisticated motorized window coverings application, at its more than 1,000 franchise locations across the U.S. and Canada.

Under the agreement, Budget Blinds franchisees will sell whole home control systems in partnership with a Lagotek dealer. It is expected that all Budget Blinds locations will promote and sell full featured Lagotek whole home automation.

“Budget Blinds represents a tremendous opportunity to expand the market for whole home automation systems, and motorized window coverings are the key to new value and awareness that will increase market share,” said Eugene Luskin, CEO, Lagotek.

“One trend that we’re seeing is homes with added convenience features,” said Tracy Christman, director of vendor alliance, Budget Blinds. “Motorized treatments allow homeowners to operate their window treatments with the push of a button. With some systems, home owners can program their window treatments to open and close throughout the day to improve energy efficiency and enhance security.”

Motorized window coverings will become an essential part of whole home control, providing homeowners a variety of benefits ranging from energy savings to security. Motorized window coverings provide lighting control during daylight hours, security and privacy at any hour, and climate control for both heating and cooling.

“Here’s an example of how this application functions. A zoned Lagotek climate control system can determine an unusual rise in temperature in one part of the house on a hot day, and automatically lower the window coverings to help regulate the temperature in that area, resulting in lower energy consumption by reducing air conditioning usage,” said Luskin.

“Lagotek adds an entire new product category that is directly tied to our core business,” said John Campbell, senior director of vendor alliance, Budget Blinds. “In our view motorization is not about motors, it’s about control. Lagotek provides the ultimate in control and is both powerful and cost effective, giving our entire franchise network an opportunity to create new revenue sources or expand those that they already have.”

About Lagotek

Founded in 2005, Lagotek Corporation develops, markets, and supports home automation technology systems based upon patent pending, and company-owned intellectual property. Lagotek is employing a new software-based approach to home automation solutions, which run on an open hardware platform. Applications for this home technology include audio, climate control, security systems, intercom systems, lighting, video monitoring, window coverings, IR control, and irrigation systems.

About Budget Blinds

Based in Orange, California, Budget Blinds, Inc. was founded in 1992 and currently boasts nearly 1,100 franchise territories serving nearly 4,000 cities throughout the United States and Canada. As consumer demand for its quality, convenient services continues to grow, Budget Blinds is on its way to dominating the multi-billion dollar window covering market. In the past four years, the company has more than doubled its size in terms of number of franchisees, franchisee sales and franchise equity. Entrepreneur Magazine has ranked Budget Blinds first in its category every year since 1996, and the company was named to the Inc. 500 list in 2004 – 2006 and to the Inc. 5000 in 2007. For more information on Budget Blinds please visit www.budgetblinds.com or call 800-519-6298.

SOURCE Lagotek Corporation

Source: newswire

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