Berlin, Germany - September 6, 2024 - Tuya Smart (NYSE: TUYA, HKEX: 2391), a leading global cloud platform service provider, exhibited at IFA 2024 under the theme of "Sustainable Innovations for AI." The company aimed to demonstrate the integration of AI and other emerging technologies into innovative solutions, fostering smarter, more eco-friendly, and low-carbon smart living scenarios for developers worldwide, thereby reinforcing the momentum towards a comprehensive blueprint for global sustainable development.

In keeping with this theme, Tuya unveiled an impressive array of smart solutions and products spanning AI, energy, transportation, and beyond at IFA 2024. These displays garnered high acclaim from attendees and provided fresh inspiration for future innovations by global developers.

AI Agent Development Platform: Creating Diverse Intelligent Scenarios

Amidst the digital tide of globalization, AI is leveraging its formidable data processing, analytical, and predictive prowess to emerge as a key force driving industrial transformation and spearheading the evolution of the global marketplace. According to a Precedence Research report, the global AI market is expanding rapidly, and is projected to surge to $159.03 billion by 2030, fueled by a remarkable compound annual growth rate of 38.1%.

Recognizing this immense potential, Tuya has proactively embraced AI and unveiled a cutting-edge AI Agent development platform, rooted in Tuya's expansive open ecosystem and profound expertise in AI project development. This innovative platform boasts flexible development methodologies and a vibrant model ecosystem, enabling developers to craft AI agents tailored to diverse categories, adaptable to various application scenarios, and personalized to resonate with individual brand identities.

Leveraging AI agents, developers now enjoy a revamped and intelligent development process. They can effortlessly and swiftly embed AI models into a wide array of hardware products, including robots, speakers, headphones, glasses, and more, while also seamlessly integrating them into smart applications, enabling the construction of virtually any envisioned smart living scenario.

Tuya’s AI Agent development platform has extended AI's reach into eight core application scenarios: home energy-saving, creating comfortable spaces, pets and lifestyle, security protection, sports and health, entertainment and education, convenient travel, as well as communication and efficiency. This comprehensive coverage spans nearly all categories of smart products.

The Company has also developed a diverse array of AI-driven applications based on this platform, including AI-powered pet MiniApps, AI energy-saving MiniApps, and comfortable space MiniApps, among others. These applications are seamlessly accessible and ready for immediate use, profoundly enriching consumers' daily lives and experiences.

The AI energy-saving MiniApps have ushered in a new era of functionality by ingeniously fusing AI's vast capabilities with energy-saving and eco-friendly mini-programs.

These AI energy-saving MiniApps engage users in real-time conversations, deeply understanding their energy-saving demands. Furthermore, they autonomously learn and refine energy-saving tactics, factoring in real-time electricity pricing, storage capabilities, indoor and outdoor conditions, as well as user behavior patterns. This holistic approach enables them to offer users comprehensive electricity consumption insights and tailored energy-saving recommendations, ultimately maximizing savings on electricity bills.

Upon reaching a predetermined threshold of energy consumption within the household, the MiniApp promptly alerts users with home energy consumption warnings, encompassing off-peak electricity reminders and equipment shutdown alarms, thereby guarding against excessive energy usage. These AI energy-saving MiniApps can effectively reduce households' electricity consumption by 20% to 30%.

Home Photovoltaic Energy Management Solution: UnleashingBalcony Energy Storage Potential

As a result of the European energy crisis, households across the region have been significantly impacted by soaring electricity prices and energy shortages, prompting the integration of low-carbon and energy-saving practices into their daily routines, including the adoption of household energy storage solutions and other devices. According to a recent survey by Wood Mackenzie, the cumulative deployment of residential energy storage capacity in Europe is projected to surge fivefold, attaining 6.6 GWh by 2024, positioning it as the world's largest market for household energy storage.

To help global developers capitalize on emerging business opportunities, Tuya has thoroughly refined and enhanced its home light storage energy management solution. The upgraded home solar energy storage management solution now incorporates a dynamic electricity price management feature, allowing users to precisely navigate electricity price fluctuations while offering them comfortable and cost-effective electricity consumption strategies. This creates a seamless energy-saving ecosystem for users, simplifying and streamlining daily energy conservation efforts.

Furthermore, the solution extends household energy management to balconies, leveraging balcony photovoltaic equipment to harness solar energy for daily consumption, fine-tuning the output through energy storage batteries and dynamic electricity pricing tactics, thereby fostering household energy conservation. Meanwhile, Tuya-enabled metering sockets enable customers to help users with real-time visibility into energy consumption dynamics, facilitating energy optimization.

To enhance user understanding of energy consumption status, Tuya’s Home Solar Energy Storage and Management Solution incorporates an energy screen. This feature provides end-users with a clear overview of their home's energy flow, simplifying and expediting energy management processes.

AI-driven low-carbon travel solutions: Establishing a new trend in eco-friendly and health-conscious travel

To align with the European Commission's "European Green Deal" target of achieving carbon neutrality by 2050, a 90% reduction in transportation-related carbon emissions in Europe is imperative. However, emissions from transportation modes like automobiles and aviation continue to rise, requiring the urgent adoption of innovative sustainable transportation strategies to mitigate the carbon footprint of daily commutes.

In response, Tuya presents AI-powered low-carbon travel solutions, a cycling-centric approach that integrates low-carbon sports, intelligent connectivity, and AI-driven assistance, tailored for two-wheeled vehicles like E-bikes. This solution aims to revolutionize transportation and contribute to the reduction of carbon emissions.

At the hardware level, Tuya innovatively fuses core components including E-bike instruments, electronic controls, batteries, and VCUs with vehicle networking technology, creating a comprehensive and highly intelligent E-bike core electrical system. This system alleviates end-users' concerns regarding carbon emissions associated with two-wheeled vehicle usage. Additionally, with an independently crafted high-strength geometric frame, Tuya enables customers to realize a 4G fully intelligent E-bike, fostering low-carbon and eco-friendly commuting.

At the software level, Tuya introduces an app incorporating AI models. This app empowers E-bikes with intelligent Q&A services, addressing vehicle-related queries promptly. In case of malfunctions, the built-in intelligent AI customer service within the app offers swift solutions, ensuring hassle-free rides. Furthermore, the app facilitates real-time remote adjustments, precise positioning and navigation, smart assistance, and robust anti-theft mechanisms. It also conducts thorough vehicle inspections, enhancing end-users safety and overall smartness of their E-bikes.

Additionally, Tuya presents an ecosystem solution that fosters seamless interconnectivity between people, cars, and homes. This solution enables customers to establish a universal smart home system that adopts multiple brands, ecosystems, and different devices, facilitating seamless integration between vehicles and smart homes. Leveraging the car's automatic voice recognition feature, users can effortlessly command a myriad of Tuya-powered smart devices within their abode, such as floor-cleaning robots, air conditioners, curtains, lighting fixtures, and doorbells. This creates an immersive and interconnected living experience, seamlessly blending people, cars, and homes into a cohesive intelligent ecosystem.

Smart Parking Lot Lighting Solution: Leading the AI debugging-free era of lighting

Tuya's smart parking lot lighting solution unveiled a significant upgrade, introducing an AI-powered adjustment-free function. This innovative feature enables the solution to intelligently perceive environmental and dynamic variations in lighting fixtures, autonomously adjusting to optimal lighting conditions tailored to end-users needs, without manual intervention.

Moreover, the smart parking lot lighting solution supports Bluetooth Mesh protocol, enabling swift deployment of "plug and play" lighting features in a network and gateway-agnostic environment. This streamlines the installation process, enhancing customers' construction efficiency by 95%, ushering in a new era of seamless and efficient smart lighting solutions.

The smart parking lot lighting solution boasts robust remote control capabilities, allowing customers to effortlessly adjust individual or grouped lighting configurations via mobile apps, web-based management platforms, and open system API interfaces. This flexibility ensures seamless local sensing integration and AI lamp synchronization within groups, catering to the diverse lighting demands of the market.

Furthermore, the solution is enriched with advanced cloud functionalities, leveraging precise energy consumption algorithms and measurement capabilities to achieve granular energy management and analysis down to the level of individual lamps. The platform also provides a comprehensive suite of tools, including project overviews, energy consumption, and carbon emission analysis, equipment asset management, and anomaly alarm notifications, enabling enterprises to effectively minimize electricity consumption and operational costs associated with lighting. The adoption of smart parking lot lighting solutions can lead to energy savings of at least 80%, underscoring their substantial financial and environmental benefits.

It is noteworthy that during the grand opening of IFA 2024, Tuya organized the Tuya Connect event, a gathering of esteemed partners and industry leaders from Europe and beyond, aimed at fostering enhanced communication, exchanging insights, and collaboratively charting new business avenues. The event showcased Tuya's commitment to fostering sustainable energy development, as evidenced by the invitation of two esteemed guests from the energy sector—Matt Roderick, Head of Markets at FlatPeak, a market leader at the global data and energy intelligence platform, and Danny Jennings, Chief Revenue Officer at equiwatt, a pioneering UK climate technology firm. Together, they delved into optimizing real-time energy pricing and harnessing smart technology for cleaner energy sources, offering business partners practical, low-carbon, and energy-efficient strategies that align economic prosperity with environmental stewardship.

Moreover, on September 9th, Tuya will host the highly anticipated 2024 Tuya Smart Global Developer Summit, convening industry leaders to analyze the forefront of AI advancements in the smart industry, guiding developers in navigating their technological trajectories, and bolstering their market competitiveness.

Tuya's innovative solutions were showcased at the IFA 2024, igniting the imaginations of global developers with the latest technological perspectives and fueling their passion for exploring realms such as smart home furnishings and energy efficiency. Looking ahead, Tuya remains steadfast in its pursuit of innovation, poised to introduce an array of AI-powered, energy-saving solutions and products to developers worldwide, thereby jointly promoting a new chapter of smart living and sustainable development.