Tuya Smart Partners with 1NCE to Bring Diversity to IoT Connections of Smart Devices

Cooperation will help both sides provide lower cost and more efficient IoT solutions for developers.

DÜSSELDORF/COLOGNE—June. 11, 2021—Tuya Smart (NYSE: TUYA), a leading global IoT cloud platform, and 1NCE, a German Tier 1 IoT carrier, today announced a new partnership aiming to provide developers, and businesses in general, with more efficient IoT solutions at lower costs.

The Internet of Things is characterized by a broad landscape with many different communication technologies and protocols. Devices that are able to use multiple communication channels have a clear advantage. Cellular connectivity adds a lot of freedom and flexibility to a device, since it doesn’t require the installation of additional network infrastructures as cellular networks are already available as a standardized technology all over the world.

With 1NCE’s cellular based IoT connectivity, Tuya can massively expand the use cases and supported applications of its IoT platform and services. Tuya can also offer end-to-end IoT solutions by utilizing the benefits of cellular connectivity such as global coverage and ease of use. Adding cellular connectivity to its products will help Tuya to address new markets in the industry. Meanwhile, Tuya’s no-code building blocks and 1NCE’s ready to use products will enable developers to design smart devices in a fast and low cost way.

Currently, testing of the combined solutions has already taken place in Germany and in China. Initial product offerings are related to tracking objects such as pets, e-scooters, and security cameras. Additionally, both parties will add multiple use cases across various industries throughout the next coming months. It is expected that initial products such as device plus SIM bundle will be launched in Q3 2021.

Alexander P. Sator, CEO and Founder of 1NCE, said, “Tuya’s IoT platform is one of the world’s largest, and we believe that cooperation with Tuya will boost our business development and enable us to stand firm in the larger market.”

“1NCE is a veteran IoT network operator with extremely rich experience in IoT network operations”, said Tina Yu, General Manager for Tuya Smart Eurasia Region. “We are honored to join hands with a powerful brand in providing developers with low cost and easy to use solutions.”

Tuya concluded the AI+IoT Business Conference TED-Styled Tour Events | Europe. Themed “Joint Efforts & Prosperous Growth,” the events were held online in 10 countries and languages with industry leaders to share the best practices in smart business scenarios.

For more information, please visit: https://www.tuya.com/event/abc/eur

About 1NCE

1NCE is the first fully-fledged IoT network carrier in the world, headquartered in Cologne. It offers fast, secure, and reliable connectivity services at low cost based on an IoT flat rate. The 1NCE IoT Lifetime Flat includes 500 MB data volume, 250 SMS, and free access to the 1NCE Connectivity Management Platform via Internet and API. It also offers its technology to mobile network operators via a Platform-as-a-Service solution. 1NCE has staffs in Cologne, Hamburg, Hong Kong, London, Rome, Paris, Riga, Rome, and Warsaw.

About Tuya Smart

Tuya Smart (NYSE: TUYA) is a leading global IoT cloud platform with a unique, all-in-one offering of cloud + connectivity + app that makes it easy and affordable for brands, retailers, and OEMs to make their products smart. Tuya's platform has smart-enabled more than 310,000 device SKUs in hundreds of categories worldwide, serving over 324,000 developers globally. Tuya is internationally operated with headquarters in the U.S., Germany, India, Japan, Colombia, and China.

Media Contact:
Tuya Smart Email: Global_PR@tuya.com             Web: www.tuya.com Twitter: @tuyasmart Linkedin: https://www.linkedin.com/company/tuya-smart

1NCE GmbH Dennis Knake Tel: +49 151 627 776 43            Email: dennis.knake@1nce.com      Web: www.1nce.com Twitter: @1NCE_IoT                Linkedin: https://www.linkedin.com/company/1nce