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Tag: Residential


Opportunities for integrators in smart spaces asserts Parks Associates

Residential

Opportunities for integrators in smart spaces, asserts Parks Associates

February 14, 2025SSN Staff

DALLAS — Changing times have provided residential smart device integrators with a chance to meet the changing needs of consumers, according to research performed by Parks Associates. Data from the group’s Video Services Consumer Insights Dashboard reported that 46% of US internet households (roughly 56 million) are cord cutters, with 12% having never subscribed to traditional pay TV services. That’s a large market of consumers who increasingly rely on smart device integration...

Access Control, integrators, NICE, Parks Associates, Residential, Smart Devices


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An uncertain political climate

Residential

An uncertain political climate

February 13, 2025Ken Showers, Managing Editor

STOCKHOLM — ASSA ABLOY CEO Nico Delvaux believes the company’s “decentralized organization” will help it weather an uncertain political climate that includes U.S. tariffs on steel imports.  “I would say we also continue to live in an uncertain political climate where potential tariffs come and go,” Delvaux said during a recent conference call to discuss the company’s fourth quarter financial results. “That's something we have to live with...

Assa Abloy, Mergers & Acquisitions, Nico Delvaux, Residential, tariff


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AITX touts ‘beauty’ of model

Monitoring

AITX touts ‘beauty’ of model

January 22, 2025Ken Showers, Managing Editor

DETROIT — Artificial Intelligence Technology Solutions (AITX), along with subsidiary Robotic Assistance Devices, Inc. (RAD-I), has its eye on doubling or tripling its revenue and increasing its workforce in 2025.  During a recent investor presentation to discuss financial results for the third quarter of fiscal year 2024, AITX highlighted continued significant revenue growth among its accomplishments for the quarter.   “Our theme for 2025 is, ‘security of everything’,”...

Artificial Intelligence Technology Solutions (AITX), Residential, Robotic Assistance Devices, Inc. (RAD), software as a service (SaaS), Steve Reinharz, Third Quarter (Q3)


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Also Noted

Nice announces Juno

January 14, 2025SSN Staff

CARLSBAD, Calif. — Nice has announced the launch of Juno, an automated gate operator the company believes will redefine residential gate automation. Juno features a compact design inspired by European aesthetics but tailored for the North American market. Its 17.2” w x 16”d dimensions can operate up to 800 lb. gates that are 40 ft long. Its integrated driveway light illuminates the driveway during gate activation, and the status indicator provides real-time updates, with green...

automated gate operator, Lisa Steinberg, NICE, Residential, solar


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Carrier tightens portfolio amid turbulence

Suppliers

Carrier tightens portfolio amid turbulence

December 17, 2024Ken Showers, Managing Editor

PALM BEACH GARDENS, Fla.— Carrier Global’s recent sale of its commercial and residential fire business is a move calculated to simplify the company’s portfolio and refocus its efforts at a time of international turbulence.  Other companies inside and outside of the security industry have been similarly streamlining their portfolios. ADT sold its commercial business in 2023 and closed its solar division the following year to focus on its residential security business.  Similarly,...

ADT, Carrier Global Corp., commercial, Honeywell, HVAC, Mergers & Acquisitions, Residential, tariff


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Also Noted

Per Mar receives 2024 Premier Security Dealer of the Year Award from Resideo

November 25, 2024SSN Staff

DAVENPORT, Iowa – Per Mar Security Services, a provider of comprehensive security solutions for commercial and residential customers, has been honored with the 2024 Premier Security Dealer of the Year award by Resideo at its 35th Annual CONNECT customer event. The award honors the company's dedication to growth, demonstrates true team performance, and delivers exceptional security solutions. Brian Duffy, CEO of Per Mar, expressed his gratitude for the recognition: “It is an...

Award, Brian Duffy, commercial, Honeywell, Per Mar Security Services, Residential, Resideo


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NAPCO’s radio gains make up for lagging lock sales

Suppliers

NAPCO’s radio gains make up for lagging lock sales

November 5, 2024Ken Showers, Managing Editor

AMITYVILLE, N.Y.— NAPCO Security Technologies saw strong radio sales and recurring service revenue (RSR) but struggling locking sales in the first quarter of its fiscal year 2025.  RSR saw a prospective annual run rate of approximately $85.2 million based on October 2024 RSR, compared to $83.5 million from July 2024 RSR.  “The increase is due to the continued strength of our line of StarLink radios, particularly our StarLink fire radios,” said CFO Kevin Buchel during...

commercial, Kevin Buchel, NAPCO Security Technologies, radio, Recurring service revenue (RSR), Residential, Richard Soloway, StarLink


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ADT Q3 paves the way forward through account acquisition and valuable partnerships

Residential

ADT Q3 paves the way forward through account acquisition and valuable partnerships

October 31, 2024Ken Showers, Managing Editor

BOCA RATON, Fla. — In spite of challenging market conditions ADT has shown admirable financial growth in the third quarter thanks to bulk account acquisition and partnerships with other major platforms. “I'm pleased to report that ADT is continuing to deliver on our 2024 objectives and as we closeout the year, we're well positioned to deliver the full year financial guidance,” ADT CEO Jim DeVries told investors during a webcast. He added, “In addition to...

ADT, ADT Plus, Jeff Likosar, Jim DeVries, Residential, Third Quarter (Q3)


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Brinks Home shares fall safety, security tips

Residential

Brinks Home shares fall safety, security tips

September 4, 2024Ken Showers, Managing Editor

YARMOUTH, Maine — The approaching fall season is a good time for security providers to check in with their residential customers to review fire safety tips, confirm their devices are working properly and make sure they’re stocked up on emergency supplies, according to Brinks Home.  "It's easy to get swept up in the excitement of the changing season—from back-to-school activities and setting up the best Halloween decorations to the countdown to Thanksgiving,”...

Brinks Home, fire safety, Residential, Sara Harshbarger, security cameras, security providers


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NewsPoll: Don’t look at weather, look at costs

General News

NewsPoll: Don’t look at weather, look at costs

August 21, 2024Ken Showers, Managing Editor

YARMOUTH, Maine — Climate change isn’t really a consideration when it comes to the design of residential security systems, according to the respondents to a recent SSN News Poll, but the rising cost of technology certainly is.   An even 40-40 split of respondents believe climate change is not important or only somewhat important when it comes to the design of a residential security system, with the remaining 20% of respondents giving it more consideration.   “I...

home security, Residential, Security Systems News (SSN), smart home, surveillance cameras


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