Press release

Outcome Capital Advises Whisker Labs in the Sale of its Energy Management Business to Resideo Technologies

Sponsored by Businesswire

Outcome Capital, an investment banking firm that serves middle market
growth companies in the technology and life sciences space, is pleased
to announce that Whisker Labs, Inc. (the “Company”) has sold its Energy
Management business to Resideo Technologies, Inc. (NYSE: REZI)
(“Resideo”). Outcome Capital provided exclusive advisory services to the

Based in Germantown, MD, Whisker Labs develops sensing and software
technology for home intelligence. The Company’s energy management
platform applies machine learning to reduce electricity demand during
peak load times and to optimize thermostats for savings and comfort. The
platform creates a thermodynamic model of a home as well as integrates
with market-leading thermostat products to predict and optimize the
energy used by residential HVAC systems. Whisker Labs manages over
100,000 thermostats across the United States, enabling retail energy
providers to optimize procurement strategies, increase margins, and
offer cost savings to their customers.

“Outcome Capital’s deal team led by Jonathan Wallace provided
exceptional transactional support allowing us to achieve our corporate
goal to monetize this part of our business,” said Bob Marshall, CEO of
Whisker Labs.

The transaction expands Resideo’s smart-home comfort offering while
helping Whisker Labs focus on the development of Ting™, its
electrical fire-sensing technology.

About Outcome Capital

Outcome Capital is a unique investment banking firm that provides
middle-market growth companies in the technology, aerospace & defense,
government services, life sciences, and healthcare services markets with
a value-added client-centric approach to merger, acquisition and
corporate finance advisory services. The firm utilizes its proven
approach to value enhancement by assisting boards and management teams
in navigating both the financial and strategic markets and in
implementing the best path for success. Outcome Capital’s strength stems
from its unique ability to draw on its wide range of operational,
strategic and transactional experience, its expertise across the value
chain, and its broad industry relationships. The professionals at
Outcome Capital take pride in their ability to help their clients to
make well-informed strategic decisions and recognize the full value
created by their vision. For more information, visit:

About Whisker Labs

Based in Germantown, MD, Whisker Labs is a developer of advanced home
intelligence technologies for fire safety. The firm’s Ting™
monitoring service alerts homeowners to electrical fire hazards with
just one plug-in sensor that installs in minutes to protect the whole
home. The sensor monitors the electrical network of the home at
extremely high resolutions to detect the main precursors of electrical
fires, micro-arcs, and sparks that develop in wires and cords. Ting’s™
enterprise dashboard provides a quick view of sensor
status, potential fire hazards, fire safety performance, fleet
statistics, and other key power quality metrics. When a fire hazard is
detected, homeowners are notified by smartphone with instructions to
mitigate the risk. The company is working with insurance providers, home
service professionals, and other strategic partners to bring Ting™
to market.