ASX-listed home security specialist Scout Security Limited (ASX: SCT) has signed a sales partnership deal with US-headquarteed CasaIQ, Inc.
Scout Security co-founder and CEO, Dan Roberts, said CasaIQ will initially purchase 1,075 hubs from Scout and expects to order between 5,000 and 10,000 systems over the next 12 months.
Control your entire Scout system from any mobile device.
“We’re excited to be working with CasaIQ to unlock multifamily dwellings as a channel for smart home products and services. This deal represents a significant revenue opportunity for Scout and we look forward to updating the market on the progress of the partnership as it develops,” Mr Roberts said.
“As the Internet of Things become more ubiquitous, integrating these offerings as part of the core tenant agreement is a natural evolution.
The benefit here is not just to tenants, but also to property managers.
By empowering property managers and tenants to monitor and control a home jointly, CasaIQ and Scout bring convenience to the table, while also mitigating risk.
“In ten years’ time, I can’t imagine a rental property or new construction property not having smart home products and services as part of the core of the home.”
CasaIQ provides smart home device and service packages to tenants and managers of multifamily dwellings. These packages act as a bridge into the connected home for renters and helps owners and managers to differentiate their properties when acquiring and retaining tenants.
CasaIQ’s initial package includes a base of smart home devices, on top of which it is able to layer a range of security sensors and value-added services.
The US multifamily residential property market is huge, comprising 18.8 million units according to the National Multi Family Council (NMFC). In the US, ‘multifamily dwellings’ refers to single title, multi-unit, leased and professionally managed real estate.
Scout continues to progress discussions with additional potential resellers and distribution partners across the US retail, consumer and utility sectors.
