The Zazu Sensor spins out from Intel’s Incubation Program and will be sold direct to consumers beginning Spring 2022

PORTLAND, OREGON, UNITED STATES, February 1, 2022 /EINPresswire.com/ -- Zazu Sensor, a former start-up project within Intel's internal incubator program, has spun out from the program and will launch to the market as Zazu Sensor LLC. The lightweight, portable smart sensor that anonymously visualizes the movement and occupancy in a space will be available via www.zazusensor.com in the Spring of 2022.

Zazu Sensor solution can be used in a variety of segments like vacation rentals, corporate facilities, and retail, to provide rich, valuable insights on how customers, pets and objects interact with these spaces.

At the launch Zazu Sensor will be focused on short-term vacation rentals. The smart solution provides owners with a way to ensure that their occupancy contracts are not being violated. The solution provides peace of mind to owners and protects the privacy of tenants through technology that senses and accounts for the presence and number of occupants that enter or exit the space.
Intel will retain a partial ownership holding in the newly formed company, while the Zazu Sensor team will handle all future product development, day-to-day operations, and sales.

Tope continued, “The support from Intel has been critical in our initial development and we are thrilled to be able to continue this journey to bring a much-needed answer to a pain point in space analytics.”

Forward-Looking Statements

Statements in this press release that refer to future plans and expectations, including with respect to the transactions contemplated by Zazu Sensor LLC agreement to acquire Intel’s Zazu Sensor business, manufacturing and supply arrangements and other relationships between Zazu Sensor LLC and Intel, and Intel’s business and investment plans, are forward-looking statements that involve a number of risks and uncertainties. Words such as “anticipates,” “expects,” “intends,” “goals,” “plans,” “believes,” “seeks,” “estimates,” “continues,” “may,” “will,” “would,” “should,” “could,” and variations of such words and similar expressions are intended to identify such forward-looking statements. Statements that refer to or are based on estimates, forecasts, projections, uncertain events or assumptions, including statements relating to the benefits of the transactions contemplated by Zazu Sensor LLC agreement to acquire Intel’s Zazu Sensor business; the timing and closing conditions of such transactions; the timing of receipt of transaction consideration; anticipated trends in Intel’s business or the markets relevant to it; investment returns and benefits; and future products and technology and the availability and benefits of such products and technology also identify forward-looking statements. Such statements are based on current expectations and involve many risks and uncertainties that could cause actual results to differ materially from those expressed or implied in these forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, that governmental authorities may not approve the transactions; that the final closing of the transactions may not occur or may be delayed; that expected financial or other benefits of the transactions may not be realized; that the timing of receipt of transaction consideration could be impacted by foreign exchange controls or other regulatory requirements; that litigation related to the transactions or limitations or restrictions imposed by regulatory authorities may delay, permanently restrain or negatively impact the transactions; that unanticipated transition costs may be incurred; that the transactions may not be supported by third parties; and that there may be negative changes in general economic or geopolitical conditions affecting the regions or the industries in which Zazu Sensor LLC and Intel operate; as well as the factors set forth in Zazu Sensor LLC most recent published business reports and Intel’s SEC filings, including Intel’s most recent reports on Forms 10-K and 10-Q. Copies of Zazu Sensor LLC business reports may be obtained by visiting Zazu Sensor LLC’s website at https://www.zazusensor.com. Copies of Intel’s SEC filings may be obtained by visiting Intel’s Investor Relations website at www.intc.com or the SEC’s website at www.sec.gov. Intel does not undertake, and expressly disclaims, any duty to update any statement made in this press release, whether as a result of new information, new developments or otherwise, except to the extent that disclosure may be required by law.

About Zazu Sensor LLC

Zazu Sensor LLC is a Portland based startup with founders from a diverse set of Engineering disciplines. We are focused on providing analytics solutions to vacation rental, enterprise, and retail segments with easy to use and easily deployed smart sensors. With privacy as a core tenet of our operations at Zazu Sensor LLC, it is our goal to provide feature rich insights into how your customers interact with various physical spaces without compromising any personal identifiable information. We take the complexity out of artificial intelligence systems and get your business up and running with the best-in-class insights. Visit our website (https://zazusensor.com) to learn more or have a sales rep contact you.

Send all inquiries about Zazu to press@ZazuSensor.com.

Temitope Oluwafemi
Zazu Sensor LLC
+1 803-250-6475
Press@zazusensor.com

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