Press release

Arlo Technologies Reaches Cooperation Agreement with VIEX Capital Advisors

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Arlo Technologies, Inc. (NYSE: ARLO), the #1 internet connected camera
brand in the U.S.,1 today announced that it has entered into
a cooperation agreement with VIEX Capital Advisors, LLC and certain of
its affiliates (collectively, “VIEX”), which owns approximately 9.7% of
the outstanding shares of Arlo’s common stock.

Under the terms of the cooperation agreement, Arlo has agreed to
increase the size of its board of directors from six to seven and to
appoint an independent director recommended by VIEX to fill the vacancy
created as a result of such expansion. The new director will be
appointed as a Class II director, with a term expiring at Arlo’s 2020
annual meeting of stockholders, within the next five business days.

The Arlo board of directors has also approved commencing a comprehensive
strategic review, with the purpose of evaluating a wide range of
strategic alternatives available to Arlo to optimize the value of Arlo
and to improve returns to its stockholders. The Board has engaged
Deutsche Bank Securities Inc. in connection with the strategic review.
The cooperation agreement provides that, as part of the strategic
review, Arlo will form a special committee of the board which will
include the new director and oversee the review process. The board has
also agreed to reduce its compensation in order to better align with

Matthew McRae, Chief Executive Officer of Arlo, stated, “The board is
laser focused on improving Arlo’s business and maximizing value for all
shareholders. This announcement and settlement agreement demonstrate our
commitment to that focus. We look forward to working with our new
director whose skills compliment the current board as we focus on our
dual path of executing against our operational objectives and pursuing
strategic alternatives. We appreciate the constructive dialogue we have
had with VIEX and are pleased to have reached this agreement with them.”

Eric Singer, the Founder and Managing Member of VIEX, said “This
settlement and the board’s actions show alignment with shareholders, and
the establishment of a strategic committee in conjunction with a banker
is an important step to maximize shareholder value. We were pleased to
have reached this agreement today that aligns with stockholders and
explores all options to maximize value.”

Under the terms of the cooperation agreement, VIEX has agreed, among
other things, to customary standstill provisions and to vote its shares
in support of the election of Arlo’s director candidates at the 2019
annual meeting of stockholders, subject to certain exceptions.

The board has not set a timetable for the conclusion of its review of
strategic alternatives. Arlo does not intend to comment further on the
strategic review process unless and until the board has approved a
specific course of action or Arlo has otherwise determined that further
disclosure is appropriate or required by law. There can be no assurance
on the outcome or results of the review of strategic alternatives.

The complete agreement between Arlo and VIEX will be filed as an exhibit
to a Current Report on Form 8-K with the Securities and Exchange

About Arlo Technologies, Inc.

Arlo is the award-winning, industry leader that is transforming the way
people experience the connected lifestyle. Arlo’s deep expertise in
product design, wireless connectivity, cloud infrastructure and
cutting-edge AI capabilities focuses on delivering a seamless, smart
home experience for Arlo users that is easy to setup and interact with
every day. The company’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 smart connected devices, including
wire-free smart Wi-Fi and LTE-enabled cameras, advanced baby monitors
and smart security lights.

Arlo Technologies, Inc., Arlo and the Arlo logo are trademarks and/or
registered trademarks of Arlo Technologies, Inc. and/or certain of its
affiliates in the United States and/or other countries. Other brand and
product names are for identification purposes only and may be trademarks
or registered trademarks of their respective holder(s). The information
contained herein is subject to change without notice. Arlo shall not be
liable for technical or editorial errors or omissions contained herein.
All rights reserved.

Safe Harbor

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 expectations or beliefs concerning future events
based on information available at the time such statements were made and
include statements regarding the appointment of a new director and the
outcome of a strategic review process. 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
adopt the Company’s new product offerings or 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 Annual Report on Form 10-K for
the year ended December 31, 2018. 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.

Source: Arlo-F

1 The NPD Group, Inc., U.S. Retail Tracking Service, Security
& Monitoring, Camera Technology: Decentralized IP Camera and Centralized
IP Camera, based on Dollars, Jan 2018-Dec 2018