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NETGEAR®, Inc. (NASDAQGM: NTGR), a worldwide provider of technologically advanced, branded networking solutions, announced today that more than 100 of the company’s products for homes and small and medium-sized businesses have met ENERGY STAR® performance levels. This achievement underscores the company’s long-standing commitment to delivering products and packaging that are friendly to the environment.
“We are very proud to add ENERGY STAR to our product packaging,” said Patrick Lo, chairman and chief executive officer of NETGEAR. “NETGEAR has a long history of winning awards for the innovation of our product technology. Our participation in this program demonstrates that we are as dedicated to innovation in power consumption as in product design. By promoting ENERGY STAR, using recyclable materials in our product packaging, and bringing environmentally friendly products into homes and businesses, NETGEAR is meeting the ‘Green’ challenge.”
First introduced in 1992, ENERGY STAR (http://www.energystar.gov) is a joint program of the U.S. Environmental Protection Agency and the U.S. Department of Energy dedicated to helping individuals protect the environment through superior energy efficiency. As a partner in this voluntary program, NETGEAR is ensuring that the external power adapters on its products meet the strict energy-efficiency specifications set by the government. On average, external power adapters that carry ENERGY STAR are 30 percent more efficient than conventional models. Saving energy reduces the burning of fossil fuels, which leads to less air pollution, ultimately reducing the greenhouse gas emissions that cause global climate change.
“We’re delighted when leading companies such as NETGEAR recognise the critical mission of the Energy Star program,” said Steve Ryan, ENERGY STAR program manager at the EPA. “It reinforces the fact that every company can indeed make a difference in the fight against global climate change. The number of products that NETGEAR has entered into the program is a testament to its commitment to developing energy-efficient products.”
Customers will find ENERGY STAR on a wide range of popular NETGEAR products with external power adapters, including Cable Modem Gateways, Storage Central Turbo, WiFi Phones with Skype™, many 802.11g wireless products, and the RangeMax™ NEXT family of 802.11n wireless routers. In addition, a broad array of the company’s ProSafe® products for corporate, branch and remote offices have qualified for ENERGY STAR designation, including Managed and Stackable Smart Switches, Gigabit Smart Switches, Wired and Wireless VPN Firewalls, and Wireless Access Points.
NETGEAR products that have earned ENERGY STAR are primarily sold in North America. In 2008, the company seeks to have all of its products with external power adapters meet ENERGY STAR guidelines, beginning with products sold in the Australian market.
NETGEAR is also responding to the growing problem of electronic waste by reducing or eliminating hazardous materials in its products, helping to protect the health and safety of its employees, customers, and the environment. NETGEAR’s products meet the European Union Restriction of Hazardous Substances Directive (RoHS), which sets strict content limitations on six substances (for example, lead and mercury) used in the manufacturing of electronic products. While this directive covers products shipped only in Europe, NETGEAR’s policy is that all of the company’s products sold worldwide meet the directive.
NETGEAR has long dedicated itself to reducing packaging waste and promoting electronic recycling, meeting or surpassing the minimum requirements. NETGEAR is compliant with the European Waste of Electrical and Electronic Equipment Directive (WEEE), which requires producers to be responsible for end-of-life recycling of electronic products, as well as the European Packaging Directive of 2004, which sets targets for recyclable materials used in packaging. Since the company’s early days, NETGEAR has ensured that its product packaging is recyclable, with product boxes now containing at least 80 percent post-consumer content. The company is researching alternative packaging in order to reach 100 percent post-consumer content.
More information on NETGEAR’s environmental initiatives can be found at http://www.netgear.com/About/Environmental.aspx.
About NETGEAR NETGEAR® (NASDAQGM: NTGR) designs technologically advanced, branded networking solutions that address the specific needs of small and medium business and home users. The Company's product offerings enable users to share Internet access, peripherals, files, digital multimedia content and applications among multiple personal computers and other Internet-enabled devices. As an ENERGY STAR® partner, NETGEAR offers products that prevent greenhouse gas emissions by meeting strict energy-efficiency specifications set by the U.S. government. NETGEAR is headquartered in Santa Clara, California. For more information, visit the company's Web site at www.netgear.com.au or call (02) 8448 2072.
©2007 NETGEAR, Inc. NETGEAR®, the NETGEAR logo, ProSafe, and RangeMax are trademarks or registered trademarks of NETGEAR, Inc. in the United States and/or other countries. Other brand and product names are trademarks or registered trademarks of their respective holders. Information is subject to change without notice. All rights reserved.
Safe Harbour Statement under the Private Securities Litigation Reform Act of 1995 for NETGEAR, Inc.: This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Specifically, statements concerning NETGEAR seeking to have all of its products with external power adapters meet Energy Star guidelines, and NETGEAR’s research into 100% recyclable packaging, are forward-looking statements within the meaning of the Safe Harbour. These statements are based on management’s current expectations and are subject to certain risks and uncertainties, including, without limitation, the following: If external power adapters utilized by NETGEAR products cannot meet Energy Star guidelines in a cost-effective or timely manner, then NETGEAR may elect not to achieve Energy Star performance levels for those products; it may not be possible or economically feasible to achieve 100% post-consumer content for product packaging; the ability of NETGEAR to market and sell its products and technology; the impact and pricing of competing products and the introduction of alternative technological solutions. Further information on potential risk factors that could affect NETGEAR and its business are detailed in the Company's periodic filings with the Securities and Exchange Commission, including, but not limited to, those risks and uncertainties listed in the section entitled "Part II - Item 1A. Risk Factors", pages 27 through 38, in the Company's Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2007, filed with the Securities and Exchange Commission on November 9, 2007. NETGEAR undertakes no obligation to release publicly any revisions to any forward-looking statements contained herein to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
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