Lyric’s biggest bullet point is its use of geofencing. In basic terms, when a person leaves their home with their smartphone, the Lyric senses when they depart and adjusts the temperature inside to a level designed to save money. When that same person makes the return trip home, the Lyric again detects when the person is getting close and adjusts the temperature again to make sure that the home is comfortable again when the home owner enters.
So we have Nest, Hive and now Honeywell’s Lyric battling to be king of the thermostat. It’s like this – whoever opens up their API’s so that they may work with other applications like SmartThings and now Apple will get my cash..