Tag: Lowe's
ADT reports second-quarter results
August 4, 2022Ken Showers, Managing Editor
BOCA RATON, Fla.—Smart home and small business security provider ADT released its second-quarter results today during an earnings call, with strong growth indicators and optimism for the third and fourth quarters.
The tone of the call was positive focusing on yearly gains and a positive look at financial outcomes for the rest of 2022.
“We delivered what I believe is our best quarter ever at ADT,” said ADT President and CEO Jim DeVries. A snapshot of the financials shows a...
Lowe's goes with UCC for professional monitoring
January 6, 2016Spencer Ives
MOORESVILLE, N.C.—Home improvement company Lowe's chose United Central Control as the professional monitoring partner for Iris, its DIY home automation system, Lowe's announced Jan. 4.“We've been working for a few years with Lowe's on this endeavor,” Mark Matlock, UCC's senior vice president told Security Systems News. “It's involved a lot of really comprehensive due diligence and working together to make sure we had the offering right, that Lowe's fit into the space properly...
Time Warner going retail with IntelligentHome
June 19, 2013Tess Nacelewicz
NEW YORK—Time Warner Cable is joining the new trend of retailing home security by offering IntelligentHome, its home security/home management product, in its several hundred retail stores nationwide, according to Adam Mayer, VP of IntelligentHome.“We have retail stores where customers today can go to either subscribe to our other products—video, voice and data—[where] they can go with customer care issues, [and where] they can exchange equipment, so we certainly plan and we've...
Influx of telecoms, cablecos into security not alarming, study says
June 7, 2013Tess Nacelewicz
AUSTIN, Texas—The penetration rate for U.S. residential intrusion alarm products will increase by 5 percent to 8 percent during the next three years, aided by the entrance of the new telecom and cableco players in the market, according to a recent study by IMS Research, now part of IHS.
Adi Pavlovic, security and fire analyst for IHS, told Security Systems News that it's too early to tell how much the new players already have increased the penetration rate, which has been stalled at...
This Blog's on Fire (And Other Stuff)
Comcast sold on retail security sales
April 24, 2013Tess Nacelewicz
I've been writing about a new trend in the industry: selling home security in a retail environment. And now communications giant Comcast is one of the latest to embrace retail, opening a new store in Albuquerque, N.M. designed to let customers experience its Xfinity Home automation/home security product firsthand.
Philadelphia-based Comcast on April 20 held a grand opening of its new Xfinity Customer Center, the company said. It invited elected officials and community leaders to tour the facility,...
Lowe's selling Iris in Verizon Wireless stores
March 6, 2013Tess Nacelewicz
MOOREVILLE, N.C.—In a new partnership, home improvement retailer Lowe's has recently started offering Iris, its new home automation/home security product, in Verizon Wireless stores in 10 Eastern and Southern states.Lowe's also plans by the end of the year to dramatically expand the number of its own stores that sell Iris—from 500 stores currently to all of its approximately 1,700 retail stores nationwide, according to Kevin Meagher, Lowe's VP of Smart Home.Lowe's, which is based here,...
Security top concern for consumers interested in home automation
February 11, 2013Rich Miller
Sixty-two percent of consumers interested in learning more about home automation said security was their primary motivation, with 67 percent preferring professional installation over do-it-yourself systems when making a purchase, according to new research by the Consumer Electronics Association.The report, “Consumer Perspective on Home Automation,” found that 49 percent of consumers are familiar with systems that allow them to remotely monitor or control one or more technology features...
Lowe's, Honeywell VPs to speak at Smart Energy Summit
January 31, 2013SSN Staff
DALLAS—Parks Associates today announced the keynote speakers for the upcoming Smart Energy Summit, scheduled for Feb. 25-27 in San Antonio, according to a news release.
Jeremy Eaton, vice president and general manager of Honeywell Smart Grid Solutions, and Kevin Meagher, vice president and general manager of Smart Home, Lowe's Cos. Inc., will deliver the keynote addresses at the summit, which is hosted by Parks Associates and titled “Engaging the Consumer.”
The summit will address...
Doubling residential penetration: Pie in the sky or an eventuality?
December 12, 2012Rich Miller
YARMOUTH, Maine—Forty percent residential penetration.ADT CEO Naren Gursahaney said recently that it's not a “moonshot,” and Honeywell Security Products President Scott Harkins said his company shared the expectation that it could happen. But given that the rate has hovered at 20 percent for years, is it realistic to believe it can be doubled? Or is that just optimism from the corner office?The latest SSN News Poll shows that Gursahaney and Harkins aren't alone in their thinking....
Honeywell aims at doubling residential penetration
November 7, 2012Tess Nacelewicz
HOLLYWOOD, Fla.—Honeywell Security Products President Scott Harkins said last week that he believes the industry's residential security penetration rate could double to 40 percent, and that Honeywell aims to become “the Apple of the industrial world,” combating the growing do-it-yourself security system trend by creating products that are easy to install, sell and use.“I saw that ADT … suggested that they thought market penetration could be 40 percent,” Harkins told...