- Scout Security’s (SCT) share price has jumped 64.5 per cent after the company announced it had integrated its system with Amazon’s Alexa Guard
- Alexa Guard monitors for sounds which require emergency services, such as the sound of smashing glass or smoke alarms going off
- Under the integration, the Alexa Guard notification will send a signal to Scout’s monitoring centre for dispatch
- The latest partnerships between the two companies has been welcomed by Scout’s shareholders, with SCT’s share price soaring since the announcement
- However, the ASX intervened at one point, announcing a pause in trading as the original announcement wasn’t deemed ‘price sensitive’
- Scout has since provided clarification, and shares have begun trading again
- At market close, shares in Scout were up 19.7 per cent at 9.1 cents each
Scout Security’s (SCT) share price has jumped a massive 64.5 per cent after the company announced it had integrated its system with Amazon’s Alexa Guard.
The Alexa Guard system, which can be used on Amazon’s Echo smart speaker devices, monitors for sounds which require emergency services. For example, if it hears a smoke alarm go off, it will alert local fire crews.
Under the integration, the Alexa Guard notification, which triggers when a sound is heard, will also send a signal to Scout’s monitoring centre for dispatch.
In order to use this system though, consumers will need to buy a Scout Alarm system and plan which costs US$19.99 per month (around A$27.56).
Scout CEO, Dan Roberts, said the partnership with Amazon on Alexa Guardmade sense, as the retail giant is a major shareholder and longtime partner of the company.
“We believe that the Scout platform has some of the best-in-class integrations for smart home security and the integration with Alexa Guard further enhances our capabilities,” he said.
“The more deeply the devices integrate across the smart home ecosystem, the better the user experience becomes and the more utility users gain, in our view,” he added.
The latest Amazon partnership has been widely welcomed by Scout shareholders and other investors, as evidenced by SCT’s soaring share price.
Scout shares closed yesterday trading for 7.6 cents per share, before opening today for 11 cents each and hitting a high of 20 cents per share at one point.
However, the ASX intervened, announcing a pause in trading as the original announcement about the Alexa Guard partnership wasn’t deemed ‘price sensitive’.
In response to the query, Scout explained it “has no basis to project the number of users that might be compelled to purchase Scout because of the integration.” It said for that reason the integration was marked as ‘not price-sensitive’.
Shares in Scout began trading again before market close, ending the day up 19.7 per cent, trading for 9.1 cents each on August 19.