AlertMe announces strategic partnership with Lowe's to provide Smart Home technologies to North American consumers
AlertMe, the Smart Home technology company, today announced a commercial partnership with Lowe's, the second largest home improvement company in the world with 1,725 stores in the United States, Mexico and Canada, nearly $50 billion in annual revenue
AlertMe, the Smart Home technology company, today announced a commercial partnership with Lowe's, the second largest home improvement company in the world with 1,725 stores in the United States, Mexico and Canada, nearly $50 billion in annual revenues and 15 million weekly shoppers.
Based on AlertMe's Smart Home platform and home hub, the partnership will deliver a cloud based home management system for the retailer's new IrisTM service in North America that will give customers the ability to monitor and control their home from anywhere using their Smartphone or computer. Iris will be introduced in mid -2012 in selected stores and on Lowes.com.
AlertMe forges into retail market
Iris will include energy and home management applications to monitor and control thermostats, smart plugs, lighting, door locks, motion sensors, door/window/cabinet sensors and more. "The Smart Home will be the next major consumer technology innovation space. Consumers are used to living their lives on the go, online and increasingly on their Smartphones. They have been connected to all aspects of their lives including their work, friends and even their bank through the cloud for some time - now they can be connected to their homes, in the same easy to use, friendly and innovative, always -on way," said Mary Turner, CEO of AlertMe.
According to industry analysts, the market for home management systems to date has been restrained by prohibitively high costs and lack of standards -based 'no new wires' technologies like the AlertMe platform (1). "The entrance of a giant retail brand like Lowe's means we are poised to bring the Smart Home into the mainstream and not just for the more affluent," continued Turner.
Effortless & affordable Smart Home management
"The partnerships we have with manufacturers, utilities and service providers, allow us to bring a simple and innovative home management solution to market at price points that will appeal to mainstream consumers," said Kevin Meagher, Lowe's vice president and general manager of Smart Home. "The AlertMe platform enables us to support the broadest range of products and deliver the benefits of a smart home that were previously only available to the most affluent consumers."
Founded in 2006, AlertMe is a Smart Home technology company providing home energy management and connected home services both directly to consumers and indirectly through partners such as Energy Utilities, Telecommunications companies and Retailers.
Based on a single cloud -based platform and an AlertMe hub in the home, AlertMe allows consumers to monitor, control and automate a wide range of devices in the home, related to energy consumption, heating & cooling, home monitoring and new energy sources like solar PV, online and via their Smartphone anytime, anywhere. In addition, AlertMe's data services provide consumers with greater insight into their energy use while providing recommendations on how to reduce their consumption or use their energy more efficiently.
AlertMe is venture -backed by Good Energies, Index Ventures, SET Venture Partners, VantagePoint Capital Partners and British Gas.
Visit AlertMe online at www.alertme.com
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DBT Communications, LLC