Scout Security Ltd Stock Market Press Releases and Company Profile  The Sophisticated Investor Stock Market Press Releases and Company Profile
loading.........
 

Sydney, Dec 5, 2017 AEST (ABN Newswire) - Scout Security Limited (googlechartASX:SCT) is at the forefront of the DIY home security industry, having developed both wireless home security hardware and a software/service platform. Since listing on the ASX earlier this year, the company has enjoyed considerable success, as outlined below.

- Raised $5 million via an IPO in August 2017.

- Amazon, through its Alexia fund, is a top-10 shareholder and major distribution partner.

- Has established numerous distribution partnerships to promote Scout's suite of home security devices across a range of industries, most recently with Hanover Insurance, a top-25 insurer in the US.

- Zego (previously CasaIQ), a smart-apartment provider, has pre-ordered 1,075 units and expects to order 10,000 additional units next year.

- Scouts software platform is compatible with a range leading global Smart Home brands, including, Amazon Alexa, Google Home, Nest, Samsung SmartThings, IFTTT and Phillips Hue.

Analyst comment: globally, the home security industry is worth an estimated $70 billion per annum, with consumers in the US - Scout's initial target market - spending around $23 billion of that. Only 20% of US citizens currently have home security, meaning there is plenty of room for growth, particularly among the 37% of the population who rent their homes.

The 'Internet of Things' (which includes smart-home systems) is disrupting the multi-billion dollar home security industry worldwide, with DIY security options both integrating with and serving as a replacement for legacy systems. Given that DIY options are as reliable as their traditional hardwired counterparts, but are easier to set up and use and, importantly, more affordable, they appeal to a much larger audience (including millions of US renters and lower-income earners).

Scout, which offers both hardware and software solutions, has established a strong presence in this growing market. Further, the company has ensured market awareness and supply of its products by establishing distribution agreements across a range of industries, including with Amazon (which is also a major shareholder), which we feel presages a significant increase in sales moving forward.

Whilst we believe hardware is a profitable business in its own right, we see sales of Scout's hardware product as a gateway to increase the company's subscribers to its software platform and services -as this is a significantly more profitable business unit.

Scout has bolstered this strategy by designing its software for compatibility with leading smart-home devices, meaning that, no matter which device a consumer chooses, there is a strong probability that the consumer can control Scout's security platform with it.

To view the video, please visit:
http://www.abnnewswire.net/press/en/91220/SCT


About Scout Security Ltd

In February of 2013, Scout Security Ltd (ASX:SCT) launched an independent crowdfunding campaign to pre-sell its devices. Within 30 days, Scout exceeded its goal. Since then, over $500,000 worth of systems have been sold. Scout was possible because of people like you - backers who shared a common problem and common vision. Our customers gave this company its start and their needs are what drive our company daily.

Scout's mission is to create a home security system that is smart, simple and affordable. It sounds deceptively easy. But, with thousands of connected home devices popping up each year, deciding what devices should go in your home is complicated. Not anymore. As a customer of Scout, you're going to get a thoughtful, curated home security experience from end-to-end. No nonsense, just a modern home security system for a modern home.

https://twitter.com/scoutalarm https://www.facebook.com/ScoutAlarm https://www.youtube.com/user/ScoutSecurityCompany abnnewswire.com 



About The Sophisticated Investor

The Sophisticated Investor

The Sophisticated Investor is a new equity investment tool which seeks to assist investors in becoming more informed in their investment decision making. We show and tell investors about a company in a series of short, informative videos. We possess specialist equity analyst skills and are complemented by video professionals. We conduct site visits and interview management, in a way most investors simply aren’t able to access. We promote long term value creation for investors by employing detailed financial analysis and intrinsic value calculations.

Customer notice
Adam Kiley trading as The Sophisticated Investor ('TSI'), (AR No. 458224), is an authorised representative of Intelligent Financial Markets Pty Ltd (AFSL No. 426359). The information contained in this communication is intended as general advice only. Your personal objectives, financial situation and needs have not been taken into consideration. Accordingly, you should consider how appropriate the advice is (or is not) to your objectives, financial situation and needs before acting on the advice. The information in this communication should not be the only trigger for your investment decision. We strongly recommend you seek professional financial advice whenever making financial investment decisions.

Conflict of interest
TSI does and seeks to do business with companies featured in its articles and videos. As a result, investors should be aware that TSI may have a conflict of interest that could affect the objectivity of some articles or videos. Investors should consider TSI articles and videos as only a single factor in making any investment decision. The publishers also wish to disclose that they may hold stock in some companies featured in their articles and videos, and that any decision you make to purchase the stock of a company TSI profiles should be made only after you have initiated your own enquiries as to the validity of any information contained in those articles and videos.

Publisher's note
TSI will only initiate coverage of a company that passes our internal investment checklist. Once a company has passed this checklist, we will initiate coverage of that company and follow up with ongoing updates and commentary on its activities. Articles and videos produced and published by TSI are NOT Research Reports in terms of ASIC Regulatory Guide 79.

 

https://twitter.com/Soph_Investor https://www.facebook.com/sophisticatedinvestor https://www.youtube.com/channel/UCmSCLTYsPC7Vsln18Ggf2qw https://www.linkedin.com/company/3754384?trk=prof-exp-company-name abnnewswire.com 


Contact

Adam Kiley
Director
TSI Capital Pty Ltd
M: +61-404-945-234
E: adam.kiley@tsicapital.com.au
www.thesophisticatedinvestor.com.au


ABN Newswire
ABN Newswire This Page Viewed:  (Last 7 Days: 14) (Last 30 Days: 59) (Since Published: 9605)