Lowe's and Verizon Team Up for an Even Smarter Home

             Lowe's and Verizon Team Up for an Even Smarter Home

Verizon USB Modem enhances Iris Offering by Providing Wireless Connectivity
and Peace of Mind for Remote Home Management

PR Newswire

NEW YORK, Nov. 13, 2012

NEW YORK, Nov. 13, 2012 /PRNewswire/ --Lowe's and Verizon announced on
Tuesday (Nov. 13) that customers of the home improvement retailer's Iris™
smart home solution, a 2012 CES Innovations Honoree, will now be able to use
Verizon's world-class wireless network for remote monitoring and management of
their homes. Available to U.S.-based Iris customers beginning Nov. 21,
Verizon will be Lowe's exclusive provider of wireless connectivity, employing
the nation's most reliable wireless network to deliver additional peace of
mind and control when customers are away from their homes.

Launched in July, Iris allows homeowners to monitor and control their homes
from anywhere via a smartphone or tablet. The new Verizon wireless connection
available via USB modem will connect to the Iris Smart Hub, eliminating the
need for homeowners to have a wired broadband connection. The USB modems will
be sold on Lowes.com.

"Lowe's is a highly respected retailer in the marketplace and a valued
customer, and this is a great opportunity to be the exclusive wireless
provider of its award-winning Iris smart home solution," said Scott Eason,
vice president of retail and financial services, Verizon Enterprise
Solutions. "The trend and expectation from consumers is to be connected to
all facets of their lives no matter where they are, and visibility into the
home front is invaluable."

Kevin Meagher, Lowe's vice president of smart home, said: "Wireless
connectivity is of great value to our Iris customers who would like the
freedom to manage and monitor their home without a broadband connection and
with the peace of mind that connectivity to their home won't be lost should
their Internet connection become interrupted. Verizon has worked with Lowe's
for many years, and the extension of this relationship demonstrates our joint
commitment to keeping our customers connected to the things most important to
them whenever and wherever they choose."

This new wireless addition to the Iris Smart Home solution expands a 14-year
relationship between Lowe's and Verizon that includes wireless, wireline and
hosting solutions, in addition to professional services consulting.

Lowe's offers three different Iris starter kits that can all be paired with
the Verizon wireless USB modem to facilitate connection with the Iris Hub for
remote home monitoring and management:

  oIris Safe & Secure ($179) – Provides peace of mind to homeowners by using
    motion and contact sensors to monitor the home when away. Receive an
    email, text or call when alarm events happen at home or when the children
    arrive home from school. The kit includes an Iris Hub, motion sensors, a
    keypad and door, window and cabinet sensors.
  oIris Comfort & Control ($179) – Combines the convenience of home
    automation with the ability to save on energy costs in the home. In
    addition to the Iris Hub, this kit includes a thermostat which makes
    programming simple with an intuitive user interface and remote control of
    home settings through the Iris app. The kit also includes a smart plug
    that can remotely control devices in the home and report back on a current
    and historical energy usage.
  oIris Smart Kit ($299) – Combines the features of Comfort & Control and
    Safe & Secure in a single kit to deliver a full smart home solution. The
    kit includes an Iris Hub, a motion sensor, a smart plug, a key pad, a
    range extender, a smart thermostat and two window, door and cabinet
    sensors.

Both Lowe's and Verizon will be participating in the 2013 Consumer Electronics
Show Jan. 8-11 in Las Vegas. Lowe's will be showcasing the next generation of
Iris products and services, including the Verizon Wireless USB Modem.

About Lowe's

With fiscal year 2011 sales of $50.2 billion, Lowe's Companies, Inc. is a
FORTUNE^® 100 company that serves approximately 15 million customers a week at
more than 1,745 home improvement stores in the United States, Canada and
Mexico. Founded in 1946 and based in Mooresville, N.C., Lowe's is the
second-largest home improvement retailer in the world. For more information,
visit Lowes.com.

About Verizon

Verizon Communications Inc. (NYSE, Nasdaq: VZ), headquartered in New York, is
a global leader in delivering broadband and other wireless and wireline
communications services to consumer, business, government and wholesale
customers. Verizon Wireless operates America's most reliable wireless
network, with nearly 96 million retail customers nationwide. Verizon also
provides converged communications, information and entertainment services over
America's most advanced fiber-optic network, and delivers integrated business
solutions to customers in more than 150 countries, including all of the
Fortune 500. A Dow 30 company with $111 billion in 2011 revenues, Verizon
employs a diverse workforce of 184,500. For more information, visit
www.verizon.com.

VERIZON'S ONLINE NEWS CENTER: Verizon news releases, executive speeches and
biographies, media contacts, high-quality video and images, and other
information are available at Verizon's News Center on the World Wide Web at
www.verizon.com/news. To receive news releases by email, visit the News
Center and register for customized automatic delivery of Verizon news
releases.

SOURCE Verizon

Website: http://www.verizon.com
Contact: Media, Sarah-Frances Wallace, Lowe's Companies, Inc.,
+1-704-758-4339, Sarahfrances.wallace@lowes.com; or Maria Montenegro, Verizon,
+1-202-262-9374, Maria.montenegro@verizon.com