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Scout Security gains market momentum with white label security platform sales

The company achieved its largest single-month order since late 2017 in September.
Scout Security gains market momentum with white label security platform sales
Scout Security specialises in home security solutions, including the Scout Alarm

Scout Security Ltd’s (ASX:SCT) white label program has gained substantial momentum with an initial purchase order for Scout equipment from strategic partner STANLEY Security, and a lift in purchase volume from Scout’s key resale partner Zego.

Scout is in discussions with multiple other potential partners that could further expand the white label program in 2019 and beyond.

READ: Scout Security secures $500,000 to help grow white label security platform

Scout co-founder & CTO Dave Shapiro said: “The wide array of applications we’re working on with STANLEY Security and Zego demonstrates the power of the asset we have developed.

“Scout’s platform provides these brands an opportunity to expand product offerings in a seamless and deeply integrated way.

“The combined solutions are a paradigm shift in the retail, commercial and multi-family environments, offering extensive benefits to new and existing customer bases.

“We continue to work with all of our existing and potential partners to identify new opportunities that benefit from the application of Scout’s technology.”

READ: Scout Security wins multiple purchase orders for wireless home security hub

Following prepayment for licences early in the September quarter, STANLEY’s initial purchase order sets in motion one of the near and long-term opportunities of the partnership.

Scout’s key resale partner Zego placed an order of 1,000 smart security hubs in each month of the September quarter and took immediate delivery of an additional 785 hubs to address demand above and beyond initial forecasts.

The 1,785 hubs in September is the largest single-month order since the sales partnership began in late 2017.

Zego has ordered nearly 7,000 units in total from Scout, meeting the target of 5,000-10,000 Scout systems ordered in a 12-month period.

READ: Scout Security signs partnership with global security services provider

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

The Scout system is consistently recognised as one of the best smart home security devices, most recently being labelled 2018 Best DIY Home Security System by TopTenReviews.com.

Scout’s design-centric offering gives users complete flexibility around connected home security, allowing the system to integrate with other best-in-class Internet-of-Things devices and offering flexible monitoring options.

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Scout Security Ltd Timeline

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