Control4 Extends Stock Repurchase Program

Control4 Corporation (NASDAQ:CTRL), a leading provider of automation and control solutions for the connected home, today announced that its Board of Directors has authorized an extension to its existing Stock Repurchase Program from its original end-date of May 13, 2016 until June 30, 2017 (unless terminated sooner by the Board). As amended, the Control4 Stock Repurchase Program allows the repurchase of up to $20 million of Control4 common stock from time to time on the open market. As of January 31, 2016, Control4 has repurchased $9.0 million of its own stock, leaving a balance that can be purchased under the amended program of $11.0 million.

The timing and amount of any repurchase of Control4 common stock will be determined by the company's management team based on its evaluation of market conditions and other factors. Any repurchase of Control4 common stock is subject to insider trading laws as well as Control4's insider trading policies. The repurchase program may be suspended or discontinued by Control4 at any time.

"Control4 continues to be a leader in providing premium smart-home solutions, including intelligent lighting, whole-home music and video distribution, advanced comfort systems, and with our recent acquisition of Pakedge Device & Software, advanced networking solutions," said Martin Plaehn, chairman and chief executive officer of Control4. "Given our strong working capital position and our expected future cash flow, we believe that we are in a strong position to continue our planned initiatives to fuel our growth, as well as electively repurchase Control4 shares per our extended authorized plan."

The repurchase program will be funded using Control4's working capital and cash reserves. As of January 31, 2016, after funding the Pakedge acquisition, Control4 had cash, cash equivalents and net investments of approximately $53 million. As of January 31, 2016, Control4 had approximately 23.4 million common shares outstanding.

For more information, please visit www.control4.com.

About Control4

Control4 [NASDAQ: CTRL] is a leading provider of automation systems for homes and businesses, offering personalized control of lighting, music, video, temperature, security, networking, communications and similar functionalities into a unified home automation solution that enhances the daily lives of its customers. Control4 unlocks the potential of connected devices, making entertainment systems easier to use, homes more comfortable and energy efficient, and families more secure. More than 75% of Control4’s consumers have integrated two or more functionalities with Control4’s solution, which is available through more than 3,600 custom integrators, retail outlets, and distributors in over 90 countries. By delivering insightfully simple control solutions that enhance the lives of individuals and families, Control4 is the automation platform of choice for consumers, major consumer electronics companies, hotels, and businesses around the world.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, statements regarding Control4’s possible future stock repurchases and cash flows. All statements other than statements of historical fact contained in this press release are forward-looking statements. These forward-looking statements are made as of the date they were first issued, and were based on the then-current expectations, estimates, forecasts, and projections, as well as the beliefs and assumptions of management. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond Control4’s control. Control4’s actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to, risks detailed in Control4’s most recent Annual Report on Form 10-K and subsequent reports filed with the Securities and Exchange Commission, as well as other documents that may be filed by the company from time to time with the Securities and Exchange Commission. Past performance is not necessarily indicative of future results. The forward-looking statements included in this press release represent Control4’s views as of the date of this press release. The company anticipates that subsequent events and developments may cause its views to change. Control4 has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. These forward-looking statements should not be relied upon as representing Control4’s views as of any date subsequent to the date of this press release.

Copyright ©2016, Control4 Corporation. All rights reserved. Control4, the Control4 logo, the 4-ball logo, are registered trademarks or trademarks of Control4 Corporation in the United States and/or other countries. All other names and brands may be claimed as the property of their respective owners. All specifications subject to change without notice.

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