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Scout Security Limited - Black and Decker partnership a game changer

1 Video - Aug 2018


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Summary - Black and Decker partnership a game changer

Scout Security (ASX:SCT) has signed a partnership deal with Stanley Black & Decker, Inc. ((NYSE: SWK), ‘SBD’) to license Scout’s home-security platform and hardware suite. A Fortune 500 company with a current market capitalisation of approximately US$22 billion, SBD is also the world’s largest power tool and storage supplier, and the second largest provider of security services globally. Highlights of the announcement include the following. 

  • SBD to license and sell Scout’s home-security platform.
  • The partnership grants SBD the right to deploy the Scout software platform and hardware suite across its brands and security business units globally.
  • The combination of Scout’s platform and SBD’s offerings provides numerous near- and long-term opportunities in both residential and commercial security.
  • Work on establishing a commercial offering begins immediately, with SBD purchasing a block of prepaid licenses for AU$408,000 (US$300,000).

All Videos for Scout Security Limited - Black and Decker partnership a game changer

Summary

Black and Decker partnership a game changer

Scout Security (ASX:SCT) has signed a partnership deal with Stanley Black & Decker, Inc. ((NYSE: SWK), ‘SBD’) to license Scout’s home-security platform and hardware suite. A Fortune 500 company with a current market capitalisation of approximately US$22 billion, SBD is also the world’s largest power tool and storage supplier, and the second largest provider of security services globally. Highlights of the announcement include the following. 

  • SBD to license and sell Scout’s home-security platform.
  • The partnership grants SBD the right to deploy the Scout software platform and hardware suite across its brands and security business units globally.
  • The combination of Scout’s platform and SBD’s offerings provides numerous near- and long-term opportunities in both residential and commercial security.
  • Work on establishing a commercial offering begins immediately, with SBD purchasing a block of prepaid licenses for AU$408,000 (US$300,000).
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