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Scout Security wins multiple purchase orders for wireless home security hub

The company is having a strong quarter with further material purchase orders expected from key partners.
Scout hub
Zego has ordered a total of 5,785 Scout hubs to-date

Scout Security Ltd (ASX:SCT) has received material new purchase orders for its wireless home security hub from the company’s key resale partner Zego.

The scout hub/alarm is a wireless home security system with door/window sensors and motion detectors that can be controlled by a smartphone.

Scout has received orders totaling 1,785 hubs in September 2018 from Zego, a leading US provider of smart home device and service packages to apartment residents and managers.

The orders represent more than $151,843K in up-front revenue and cash receipts for Scout, with an additional $166,991 to be received in due course.

This is the largest set of purchase orders Zego has made with Scout since the parties commenced their sales partnership in October 2017 to meet smart home security demand in the 18.8 million-unit apartment community market in the US.

 

Zego has now ordered more than 5,785 Scout hubs and remains one of the company’s key resale partners, currently tracking positively on its deployment target of 5,000 to 10,000 Scout systems in the 12 months to October 2018.

Scout Security co-founder and chief executive officer Dan Roberts said: “Scout’s sales partnership with Zego is developing well and delivering significant value to all parties.

“This month’s purchase orders represent a renewed vote of confidence in Scout’s smart home security product suite from a key resale partner.

READ: Scout Security signs partnership with global security services provider

“We are pleased to see our business growing materially through this channel and look forward to expanding our installed base further with Zego in 2019 and beyond.

“The company is expecting a strong quarter and is looking forward to delivering further material purchase orders from our key partners.”

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