Less than a week after announcing plans to spin-off ADI and its residential security products businesses into a standalone, publicly-traded company, Honeywell on Monday said that it will soon be launching a new do-it-yourself smart home security system for tech savvy consumers. According to multiple published reports, the system will be debuted on the crowdfunding website Indiegogo next month.
The new all-in-one, self-monitored and self-installed solution, which is being called the "Honeywell Smart Home Security System," is intended to help dealers make inroads into the estimated 60 percent of U.S. households that are not interested in traditional security services and monitoring contracts. The company said that the system will be made available to professional dealers beginning early next year.
"We are actively working with our professional security dealer and installer customers to grow their businesses as this industry evolves," Brian Casey, vice president and general manager, residential & intrusion solutions, Honeywell Security & Fire, said in a statement. "We believe the rapidly growing self-installed security space represents an opportunity for professional security dealers to expand their existing business models. The new Honeywell Smart Home Security solution gives our dealers an opportunity to sell to a different type of customer, and compete against the new players expanding into this space."
This news follows announcements in recent weeks by other major players in the DIY space, such as Nest and Ring, who are expanding their product offerings for the market. In fact, you can read SD&I Editor-in-Chief Paul Rothman’s take on how competition is heating up in this market in this month’s issue of the magazine here.
Honeywell’s announcement also comes on the heels of their recent decision, as first reported by IPVM earlier this month, to discontinue its DragonFly offering, which is a self-installed but professionally monitored system the company acquired in its acquisition of RSI Video Technologies early last year.
The company said that more details about the system would be made available once it is officially debuted in November.
