Tag: Residential
Commercial and Solar in rear view as ADT pivots hard to smart home
March 5, 2025Ken Showers, Managing Editor
BOCA RATON, Fla. — ADT President and CEO Jim DeVries recommitted to the company’s decision to bow out of its solar business and go all in on its security and smart home during a recent webcast to discuss financial results.
“As a reminder, following the wind down of our solar operation in 2024, ADT is now completely focused on our core security and smart home business,” he said. “This market is large and growing to what analysts project at $23 billion in consumer...
Allegion rides favorable Americas, ‘active pipeline’ into 2025
March 5, 2025Ken Showers, Managing Editor
DUBLIN — Allegion’s fourth quarter results exceeded expectations thanks to a favorable bump in revenue for the Americas and strategic partnerships and acquisitions bolstering its non-residential business.
Allegion’s revenues in the Americas saw a 6.4% increase in Q4 (4.6% organic).
“Allegion delivered a record year in 2024 – a year marked by consistent, strong execution, solid margin expansion and balanced capital deployment,” said President...
Alfred introduces Interconnect Kit
February 28, 2025SSN Staff
TORONTO — Smart lock solutions provider Alfred International is unveiling its new Interconnect Kit, a solution that enables any Alfred smart deadbolt to function as a code-compliant interconnect lock with single-motion egress functionality.
Alfred said the kit makes its entire smart lock lineup viable in multi-family, single-family, rental, and commercial properties where locks with single-motion egress are a requirement, not an option. It transforms any Alfred smart deadbolt into a code-compliant...
Alarm.com sells ‘advantage’ in tough residential market
February 26, 2025Ken Showers, Managing Editor
TYSONS, Va. — CEO Steve Trundle attributes Alarm.com’s ability to buck trends in residential security to product innovation, including AI-based video analytics capabilities; expanded opportunities in the remote video monitoring (RVM) market; and various growth initiatives.
“In 2024, our North American residential business continued to be the largest component of our diversified business,” Trundle told investors during a recent conference call to discuss the company’s...
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...
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...
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’,”...
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...
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,...
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...