Arlo ranked no. 14 among 1000 U.S. companies
recognized for exceeding best practices in financial
responsibility, stakeholder ratings, and social responsibility
ratings
SAN
JOSE, Calif., Nov. 29,
2023 /PRNewswire/ -- Arlo Technologies, Inc. (NYSE:
ARLO), a leading smart home security brand, proudly announces it
has been recognized as the No. 14 company on the 2024 Newsweek
Excellence 1000 Index, a list of the top 1000 companies that have
demonstrated best practices in financial responsibility,
stakeholder ratings, and social responsibility ratings. Arlo is the
only smart home security brand in the IoT category to be named in
the top 100. The recognition speaks to Arlo's ongoing innovation
and a robust ecosystem of award-winning hardware, software, and
services, as well as their industry-leading commitment to data
privacy and protection.
The 2024 Newsweek 1000 Excellence Index is the result of a
collaboration with the Best Practice Institute, a leadership
development and benchmark research company. The results were
determined after the Best Practice Institute analyzed over half a
million data points and created a proprietary scoring system to
measure everything from financial practices to customer reviews,
environmental, social, and governance commitments, and more to
build the first 1000 Excellence Index.
Companies were evaluated based on several criteria including
employee rating, customer rating, ESG risk rating, ESG/ethical
impact, adherence to ISO standards, R&D spending, Global
Compact Status, financial performance, BBB rating and
accreditation, and number of customer complaints, among others.
Each of the criteria considered is equally ranked in
importance.
"Arlo is on a mission to build trusted, lifelong customer
relationships by creating innovative, smart security solutions that
deliver an exceptional user experience and bring peace of mind to
everyone," said Matt McRae, CEO of
Arlo. "Ranking no. 14 on the prestigious Newsweek Excellence Index
is a great honor, and a testament to Arlo's dedication and
commitment to prioritizing our employees and customers and
protecting what people care about most."
As an award-winning market leader in the smart home IoT
category, Arlo is dedicated to one simple yet fundamental need we
all share: to protect and connect with the people and places we
love. Its products and services intelligently work together to make
customers' lives more enjoyable, more connected, and more easily
managed from wherever they might be. Arlo brings together deep
expertise in product design, wireless connectivity and RF
engineering, cloud infrastructure, and cutting-edge AI capabilities
to create a seamless smart home experience for everyone.
"Doing good business means more than just turning a profit. In
our fast-paced economy, it can be easy to lose sight of the value
of companies that strive to be good for customers, employees, and
society at large," said Nancy
Cooper, Global Editor in Chief at Newsweek. "The Newsweek
1000 Excellence Index takes a 360-degree look at companies,
assessing what their employees say about the company, how customers
view their products, and how well the business is run in terms of
safety, sustainability, diversity, and innovation. Our goal: to
provide our readers with an informed view of the firms that are
living up to the highest standards."
For the full list of the 2024 Newsweek 1000 Excellence Index,
please visit
https://www.newsweek.com/rankings/newsweek-excellence-index-2024.
About Arlo Technologies, Inc.
Arlo is an
award-winning, industry leader that is transforming the ways in
which people can protect everything that matters to them with
advanced home, business, and personal security solutions. Arlo's
deep expertise in AI- and CV-powered analytics, cloud services,
user experience and product design, and innovative wireless and RF
connectivity enables the delivery of a seamless, smart security
experience for Arlo users that is easy to set up and interact with
every day. Arlo's cloud-based platform provides users with
visibility, insight, and a powerful means to help protect and
connect in real-time with the people and things that matter most,
from any location with a Wi-Fi or a cellular connection. To date,
Arlo has launched several categories of award-winning connected
devices, software, and services. These include wire-free, smart
Wi-Fi and LTE-enabled security cameras, video doorbells,
floodlights, security system, and Arlo's subscription services:
Arlo Secure and Arlo Safe.
With a mission to bring users peace of mind, Arlo is as
passionate about protecting user privacy as it is about
safeguarding homes and families. Arlo is committed to implementing
industry standards for data protection designed to keep users'
personal information private and in their control. Arlo does not
monetize personal data, provides enhanced controls for user data,
supports privacy legislation, keeps user data safely secure, and
puts security at the forefront of company culture.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995:
This press release contains
forward-looking statements within the meaning of the U.S. Private
Securities Litigation Reform Act of 1995. The words "anticipate,"
"expect," "believe," "will," "may," "should," "estimate,"
"project," "outlook," "forecast" or other similar words are used to
identify such forward-looking statements. However, the absence of
these words does not mean that the statements are not
forward-looking. The forward-looking statements represent Arlo
Technologies, Inc.'s (the "Company" or "Arlo") expectations or
beliefs concerning future events based on information available at
the time such statements were made and include statements regarding
lowering the barrier of entry and broadening the market for DIT
security and Arlo cameras, Arlo video doorbells, Arlo Secure, Arlo
Secure Plus, and future Arlo products. These statements are based
on management's current expectations and are subject to certain
risks and uncertainties, including the following: future demand for
the Company's products may be lower than anticipated; consumers may
choose not to utilize payment plans or to adopt the Company's new
product offerings, or may adopt competing products; and product
performance may be adversely affected by real-world operating
conditions. Further, certain forward-looking statements are based
on assumptions as to future events that may not prove to be
accurate. Therefore, actual outcomes and results may differ
materially from what is expressed or forecast in such
forward-looking statements. Further information on potential risk
factors that could affect Arlo and its business are detailed in the
Company's periodic filings with the Securities and Exchange
Commission, including, but not limited to, those risk factors
described in the Company's most recently filed Annual Report on
Form 10-K and Quarterly Report on Form 10-Q and subsequent filings
with the Securities and Exchange Commission. Given these
circumstances, you should not place undue reliance on these
forward-looking statements. Arlo undertakes no obligation to
release publicly any revisions to any forward-looking statements
contained herein to reflect events or circumstances after the date
hereof or to reflect the occurrence of unanticipated events.
About Newsweek
Newsweek is the modern global digital
news organization built around the iconic, over 85-year-old
American magazine. Newsweek reaches 100 million people each month
with its thought-provoking news, opinion, images, graphics, and
video delivered across a dozen print and digital platforms.
Headquartered in New York City,
Newsweek also publishes international editions in EMEA and
Asia.
About Best Practice Institute
Best Practice Institute
is an award-winning leadership and organization development center,
benchmark research company, think tank, and solutions provider, and
the research team behind the Excellence 1000 Index.
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SOURCE Arlo Technologies, Inc.