Alarm.com

Gentex’s HomeLink Brand Expands To Provide Smart Home & Security Systems

Retrieved on: 
Tuesday, February 27, 2024

“The addition of smart home and security devices to our product offering is a natural evolution of the HomeLink platform.”

Key Points: 
  • “The addition of smart home and security devices to our product offering is a natural evolution of the HomeLink platform.”
    Today’s smart home and security market is fragmented, with many consumers frustrated by compatibility issues and the challenge of managing multiple device platforms.
  • To alleviate these issues and provide a seamless user experience, Gentex is partnering with Alarm.com, an award-winning smart home and business security platform offering security, video, intelligent home automation, energy management, and wellness solutions.
  • Gentex plans to add the HomeLink Smart Home Connector to its HomeLink Smart Home Solutions product lineup later this year.
  • From the HomeLink web site , consumers can either purchase starter HomeLink Smart Home Solutions packages for DIY installation, or work with a HomeLink consultant to build a custom package and have it installed professionally.

EnergyHub and Toyota Collaborate to Support the Electrical Grid and Improve EV Ownership Experience

Retrieved on: 
Wednesday, March 6, 2024

EnergyHub announces that they are collaborating with Toyota Motor North America (Toyota) to improve the electric vehicle (EV) ownership experience.

Key Points: 
  • EnergyHub announces that they are collaborating with Toyota Motor North America (Toyota) to improve the electric vehicle (EV) ownership experience.
  • View the full release here: https://www.businesswire.com/news/home/20240306531012/en/
    EnergyHub announces that they are collaborating with Toyota Motor North America (Toyota) to improve the electric vehicle (EV) ownership experience.
  • “Empowering our Toyota and Lexus EV customers with cost-effective energy solutions that reduce emissions and contribute to the grid underscores Toyota’s commitment to sustainable mobility,” said James George, General Manager, EV Charging Solutions at Toyota.
  • EnergyHub is an independent subsidiary of Alarm.com (NASDAQ: ALRM), the leading platform for the intelligently connected property.

Alarm.com Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Thursday, February 22, 2024

“We are pleased to report solid results for the quarter and the year,” said Steve Trundle, CEO of Alarm.com.

Key Points: 
  • “We are pleased to report solid results for the quarter and the year,” said Steve Trundle, CEO of Alarm.com.
  • For the quarter ended December 31, 2023, cash flows from operations was $39.9 million, compared to $34.4 million for the quarter ended December 31, 2022.
  • For the quarter ended December 31, 2023, non-GAAP free cash flow(*) was $37.7 million, compared to $33.9 million for the quarter ended December 31, 2022.
  • Alarm.com will host a conference call to discuss its fourth quarter and full year 2023 financial results and its outlook for the first quarter and full year 2024.

Thirty-three Percent of Households with Insurance Would Switch Providers to Acquire Smart Home Devices

Retrieved on: 
Thursday, March 7, 2024

DALLAS, March 7, 2024 /PRNewswire/ -- Parks Associates' research study, Insurance Opportunities in the Smart Home, finds that one-third of US internet households with homeowner's/renter's insurance would switch providers to acquire smart home devices. The study of 8,000 US internet households investigates consumer preferences for IoT devices that can impact insurance premiums or claims and evaluates the opportunity for IoT growth through the insurance channel.

Key Points: 
  • DALLAS, March 7, 2024 /PRNewswire/ -- Parks Associates' research study, Insurance Opportunities in the Smart Home , finds that one-third of US internet households with homeowner's/renter's insurance would switch providers to acquire smart home devices.
  • The study of 8,000 US internet households investigates consumer preferences for IoT devices that can impact insurance premiums or claims and evaluates the opportunity for IoT growth through the insurance channel.
  • Smart home devices can detect and prevent costly damages, particularly rated to water and faulty wiring.
  • Smart home devices can lure customers from their existing insurance providers and attract customers who are new to the home insurance category."

Market Research Leader Parks Associates Announces 2024 Executive Events Smart Energy Summit, Smart Spaces, CONNECTIONS™, Connected Health Summit, and Future of Video

Retrieved on: 
Wednesday, February 28, 2024

DALLAS, Feb. 28, 2024 /PRNewswire/ -- International market research firm Parks Associates today announced the 2024 schedule for its executive events, which include a mix of in-person conferences and quarterly virtual sessions, providing ongoing research insights and networking opportunities. In 2023, Parks Associates brought thousands of technology executives together at its events around the firm's core coverage areas of broadband, connected devices, connected health, security and home automation, streaming and video distribution, multifamily solutions, and energy management.

Key Points: 
  • In 2023, Parks Associates brought thousands of technology executives together at its events around the firm's core coverage areas of broadband, connected devices, connected health, security and home automation, streaming and video distribution, multifamily solutions, and energy management.
  • "We love bringing the leading tech and service providers together to share our research and their insights," said Ashton Gambrell, Director of Sales, Sponsorships, Parks Associates.
  • Parks Associates hosted its first event of 2024, the 18th annual CONNECTIONS™ Summit , on January 9 at CES in Las Vegas.
  • Leading service and technology companies joined Parks Associates analysts to share insights on the future of connected homes.

Deako Launches First-Ever 'Universal Backplate,' Unlocking Accessibility to Smart Home Lighting

Retrieved on: 
Tuesday, February 27, 2024

SEATTLE, Feb. 27, 2024 /PRNewswire/ -- Deako, the creator of the modular smart lighting system for homeowners, today introduces a revolutionary innovation, the first-of-its-kind Deako Universal Backplate. This groundbreaking product redefines the possibilities of home lighting by providing unparalleled flexibility and compatibility through a universal wiring system. The Deako Universal Backplate is the first product on the market certified for Copperweld's copper-clad aluminum (CCA) electrical wiring, providing access to Deako's patented modular system regardless of electrical code. Ranging from 1-gang to 4-gang, the Deako Universal Backplate will be available starting March 2024 through select distribution.

Key Points: 
  • SEATTLE, Feb. 27, 2024 /PRNewswire/ -- Deako , the creator of the modular smart lighting system for homeowners, today introduces a revolutionary innovation, the first-of-its-kind Deako Universal Backplate .
  • Ranging from 1-gang to 4-gang, the Deako Universal Backplate will be available starting March 2024 through select distribution.
  • With the Deako Universal Backplate, home builders can now offer homebuyers unprecedented versatility in home lighting control, regardless of local code requirements.
  • For more information about the Deako Universal Backplate and the Deako modular smart lighting system, visit www.deako.com/deako-universal-backplate .

This Valentine’s Day, Set Hearts Ablaze, Not Your House!

Retrieved on: 
Wednesday, February 14, 2024

Homeowners across the U.S. are far more likely to report a fire alarm in the evening hours on Valentine’s Day compared to a typical night.

Key Points: 
  • Homeowners across the U.S. are far more likely to report a fire alarm in the evening hours on Valentine’s Day compared to a typical night.
  • Analysis of aggregated and anonymized data from the millions of properties secured by Alarm.com technology reveals a 64% increase in smoke and carbon monoxide alarms on Valentine’s Day.
  • The engineers at Alarm.com are only able to speculate why this may be the case.
  • As Valentine’s Day approaches, Alarm.com encourages homeowners to keep the stovetop clean, the fire extinguisher close, and the candles upright.

Jasco and Jubilee by Johnson Development Corp. Announce One-of-a-Kind Partnership

Retrieved on: 
Thursday, February 8, 2024

OKLAHOMA CITY, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Lighting and connected home leader, Jasco, today announces a unique partnership at Jubilee, a new Johnson Development Corp. community.

Key Points: 
  • OKLAHOMA CITY, Feb. 08, 2024 (GLOBE NEWSWIRE) -- Lighting and connected home leader, Jasco, today announces a unique partnership at Jubilee, a new Johnson Development Corp. community.
  • Johnson Development’s Jubilee community is also the first exclusive partnership for Jasco in Texas.
  • “Jasco’s partnership with Johnson Development to help bring their innovative joyful vision to life is an exciting opportunity,” said Joshua Roberson, National Director of Sales for Jasco.
  • Jasco and Johnson Development’s partnership to enhance health and wellness through lighting is certain to transform the builder space.

EnergyHub Helps Ontario’s IESO Build Canada’s Largest Residential Virtual Power Plant in Just Six Months

Retrieved on: 
Thursday, February 1, 2024

EnergyHub, a leading grid-edge flexibility provider, in partnership with Ontario’s Independent Electricity System Operator (IESO), has enrolled more than 100,000 homes in the Save on Energy Peak Perks™ program in just six months to create the largest residential virtual power plant (VPP) in Canada.

Key Points: 
  • EnergyHub, a leading grid-edge flexibility provider, in partnership with Ontario’s Independent Electricity System Operator (IESO), has enrolled more than 100,000 homes in the Save on Energy Peak Perks™ program in just six months to create the largest residential virtual power plant (VPP) in Canada.
  • It’s the fastest growing flexibility program in EnergyHub’s decade-plus working with over 60 utility clients on Bring Your Own Thermostat™ programs.
  • By 2030, VPPs could reduce peak demand in the United States by 60 gigawatts (GW) and could grow to more than 200 GW by 2050.
  • In addition, VPPs could help reduce annual power sector expenditures by $35 billion in 2030.

Alarm.com to Announce 2023 Fourth Quarter and Full Year Results on February 22, 2024

Retrieved on: 
Wednesday, January 24, 2024

Alarm.com Holdings, Inc. (Nasdaq: ALRM), the leading platform for the intelligently connected property, today announced that it will report 2023 fourth quarter and full year financial results after the market close on February 22, 2024.

Key Points: 
  • Alarm.com Holdings, Inc. (Nasdaq: ALRM), the leading platform for the intelligently connected property, today announced that it will report 2023 fourth quarter and full year financial results after the market close on February 22, 2024.
  • Management will host a conference call and webcast to discuss the company's financial results at 4:30 p.m.
  • Participants, please click here to pre-register for the conference call and obtain a dial-in number and individual passcode.
  • Our platform integrates with a growing variety of Internet of Things (IoT) devices through our apps and interfaces.