LAS VEGAS – January 5, 2015 – The President and CEO of Samsung Electronics, BK Yoon, today delivered the opening keynote speech at the 2015 International Consumer Electronics Show (CES), calling for greater openness and collaboration across industries to unlock the infinite possibilities of the Internet of Things (IoT).

“The Internet of Things has the potential to transform our society, economy and how we live our lives,” said Mr. Yoon. “It is our job to pull together — as an industry, and across different sectors — to make true on the promise of the Internet of Things.”

Mr. Yoon also emphasized that IoT must center on people and fit into their lifestyles, adding, “The Internet of Things is not about ‘things.’ Instead, it is about people. Each person is at the center of their own technology universe, and the IoT universe will constantly adapt and change shape as people move through their world.”

As part of Samsung’s commitment to realizing the IoT era, Mr. Yoon announced a timetable for making Samsung technology IoT-enabled. By 2017, all Samsung televisions will be IoT devices, and in five years all Samsung hardware will be IoT-ready, further accelerating the expansion of IoT devices available in the market.

He also emphasized the importance of developers in building IoT and announced that Samsung will invest more than USD 100 million in its developer community in 2015.

Expanding IoT Devices and Components

In the IoT era, sensors become even more advanced and precise, and key components become ever more compact and highly energy efficient.

Mr. Yoon described Samsung’s advanced sensors, which are precise enough to understand a person’s surrounding environment and offer the right solution or service. For example, Samsung is developing a new three-dimensional range sensor that can detect the tiniest movements.

The company is also working on chips, such as the embedded package on package (ePOP) and the Bio-Processor, which are energy-efficient and compact enough to go into a wide range of devices, especially wearables and mobile devices.

“Expanding the devices in the IoT ecosystem and the components that power them is the first step in fulfilling the promise of the Internet of Things,” said Mr. Yoon. “Samsung already has a broad range of IoT devices. Last year, Samsung delivered more than 665 million products, and this number is set to increase. We have already begun to unlock the value hidden in connected devices and all the everyday objects around us.”

Creating an Open Ecosystem

In addition to IoT devices and components, Mr. Yoon emphasized the importance of openness in bringing IoT to life. Joining Mr. Yoon on stage, SmartThings CEO Alex Hawkinson underscored Samsung’s vision for an open infrastructure.

“For the Internet of Things to be a success, it has to be open,” said Hawkinson. “Any device, from any platform, must be able to connect and communicate with one another. We’ve worked hard to accomplish this, and are committed to putting users first, giving them the most choice and freedom possible. The SmartThings ecosystem is now compatible with more devices than any other platform.”

Supporting the Developer Community

Samsung deeply values the role of developers and their contributions, and firmly believe that developers will play a key role in realizing the IoT era.

“We at Samsung are committed to supporting the developer community,” said Mr. Yoon. “Only together can we shape this better future.”

As part of this commitment, Mr. Yoon announced that Samsung would invest more than USD 100 million to support its developer community in 2015 by strengthening its accelerator programs and further expanding its international developer events.

Collaborating Across Industries

Samsung believes that IoT will have far-reaching impact, much more so than the consumer electronics industry has so far, as it will touch every aspect of people’s lives and revolutionize every industry. For IoT to succeed, companies across all industries will have to collaborate to build the necessary infrastructure and develop the many tailored IoT services that can meet the needs of consumers.

“I know in my heart that neither one single company nor one industry alone can deliver the benefits of the Internet of Things,” said Mr. Yoon. “To create this IoT universe, we have to see the potential of the Internet of Things across all kinds of industries. Only if we work together can we improve people’s lives.”

For more information, please visit: http://global.samsungtomorrow.com/CES2015

About Samsung Electronics Co., Ltd.

Samsung Electronics Co., Ltd. is a global leader in technology, opening new possibilities for people everywhere. Through relentless innovation and discovery, we are transforming the worlds of TVs, smartphones, tablets, PCs, cameras, home appliances, printers, LTE systems, medical devices, semiconductors and LED solutions. We employ 286,000 people across 80 countries with annual sales of USUSD216.7 billion. To discover more, please visit www.samsung.com.