Proactive Investors - Run By Investors For Investors

Scout Security wins material order for its smart home security hubs

Sales of voice-controlled home automation devices are continuing to grow strongly.
Scout Alarm
Scout Alarm is a self-installed, wireless home security system

Scout Security Ltd (ASX:SCT) has received a material new purchase order for 1,000 hubs from its key resale partner Zego, a leading US provider of smart home devices to apartment residents and managers.

The order will represent more than A$157,000 in revenue and cash receipts for Scout.

Notably, this is the third material purchase order Zego has made with Scout since the parties commenced their sales partnership in October 2017.

The companies are aiming to meet smart home security demand in the 18.8 million-unit apartment community market in the US.

Zego has now ordered more than 3,000 Scout hubs and remains one of the company’s key resale partners, targeting deployment of 5,000 to 10,000 Scout systems in the 12 months to October 2018.

Rapid industry growth

The broader dynamics of the industry remain positive, as sales of voice-controlled home automation devices continue to grow strongly.

The installed base for these devices in the US now exceeds 40 million sold by Google and Amazon alone.

Positive sales momentum for Scout Alarm

Scout Alarm is a self-installed, wireless home security system that is making security more modern, open and affordable.

Scout co-founder and chief executive officer Dan Roberts said: “We are pleased to see orders and sales flourishing through our partnership with Zego.

“The positive response to the Scout Alarm among Zego customers underscores our value proposition to smart home buyers who reside in leased apartments, a valuable market which is difficult for our competitors to service.

“With Scout now embedded as an integral component of Zego’s smart home package, we look forward to growing our business more strongly through this channel as we continue to integrate our product suite more closely with Zego’s smart home solution.”

View full SCT profile View Profile

Related Articles

September 26 2018
ACA Pacific is known for selecting and integrating ‘best-of-breed’ software and hardware to meet changing business dynamics.
An energy plant
August 13 2018
The exclusive contract will run its course for two years and includes a one -year extension option
ShareRoot imagery
November 11 2018
The consumer data security provider is aiming to grow revenue and reduce spending in the coming year.

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use