STOCK TITAN

Latch Announces DOOR Bug, an AI-Powered Intelligent Sensor, at ISC East 2024

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
AI

Latch Inc. announced at ISC East 2024 the launch of DOOR Bug, a $39 AI-powered sensor designed to detect water-related issues in buildings. The device monitors running toilets, sink leaks, and other household problems, alerting property managers before they become costly emergencies. The product aims to address water damage issues that typically cost between $1,300 to $5,600 to restore. DOOR Bug integrates with Latch's existing smart sensor lineup and is expected to be available in 2025. Through future software updates, the device will be capable of monitoring additional property systems, including noise disturbances and building plant failures.

Latch Inc. ha annunciato all'ISC East 2024 il lancio di DOOR Bug, un sensore alimentato da intelligenza artificiale del valore di 39 dollari, progettato per rilevare problemi legati all'acqua negli edifici. Il dispositivo monitora problemi come wc che perdono, perdite dai lavandini e altre problematiche domestiche, avvisando i gestori delle proprietà prima che si trasformino in emergenze costose. Il prodotto mira a ridurre i danni causati dall'acqua, che solitamente richiedono tra i 1.300 e i 5.600 dollari per essere ripristinati. DOOR Bug si integra con l'attuale gamma di sensori smart di Latch ed è previsto per il 2025. Attraverso futuri aggiornamenti software, il dispositivo sarà in grado di monitorare ulteriori sistemi della proprietà, inclusi disturbi acustici e guasti degli impianti edilizi.

Latch Inc. anunció en el ISC East 2024 el lanzamiento de DOOR Bug, un sensor impulsado por IA que cuesta 39 dólares, diseñado para detectar problemas relacionados con el agua en los edificios. El dispositivo monitorea inodoros que funcionan, fugas en los lavabos y otros problemas domésticos, alertando a los administradores de propiedades antes de que se conviertan en emergencias costosas. El producto tiene como objetivo abordar los problemas de daños por agua que normalmente cuestan entre 1,300 y 5,600 dólares para restaurar. DOOR Bug se integra con la línea actual de sensores inteligentes de Latch y se espera que esté disponible en 2025. A través de futuras actualizaciones de software, el dispositivo podrá monitorear sistemas adicionales de la propiedad, incluidos disturbios de ruido y fallos en plantas del edificio.

Latch Inc.는 ISC East 2024에서 DOOR Bug의 출시를 발표했습니다. 이 AI 기반 센서는 $39로, 건물 내에서 물과 관련된 문제를 감지하도록 설계되었습니다. 이 장치는 움직이는 변기, 싱크대의 누수 및 기타 가정 문제를 모니터링하여 관리자가 비용이 많이 드는 비상 사태가 발생하기 전에 경고합니다. 이 제품은 보통 복구 비용이 $1,300에서 $5,600 사이인 물 손상 문제를 해결하는 것을 목표로 하고 있습니다. DOOR Bug는 Latch의 기존 스마트 센서 라인업과 통합되며, 2025년에 출시될 예정입니다. 향후 소프트웨어 업데이트를 통해 이 장치는 소음 방해 및 건물 설비 고장과 같은 추가적인 부동산 시스템을 모니터링할 수 있습니다.

Latch Inc. a annoncé lors de l'ISC East 2024 le lancement de DOOR Bug, un capteur alimenté par IA d'une valeur de 39 dollars, conçu pour détecter les problèmes liés à l'eau dans les bâtiments. L'appareil surveille les toilettes qui coulent, les fuites d'éviers et d'autres problèmes domestiques, alertant les gestionnaires de propriété avant qu'ils ne deviennent des urgences coûteuses. Le produit vise à résoudre les problèmes de dommages causés par l'eau, qui coûtent généralement entre 1 300 et 5 600 dollars à restaurer. DOOR Bug s'intègre à la gamme actuelle de capteurs intelligents de Latch et devrait être disponible en 2025. Grâce à des mises à jour logicielles futures, l'appareil pourra surveiller des systèmes immobiliers supplémentaires, y compris les nuisances sonores et les pannes d'équipement du bâtiment.

Latch Inc. kündigte auf der ISC East 2024 die Einführung des DOOR Bug an, eines $39 teuren KI-gesteuerten Sensors, der entwickelt wurde, um wasserbezogene Probleme in Gebäuden zu erkennen. Das Gerät überwacht funktionierende Toiletten, Lecks in Waschbecken und andere Haushaltsprobleme und warnt Immobilienverwalter, bevor sie zu kostspieligen Notfällen werden. Das Produkt soll Wasserschadenprobleme angehen, die in der Regel zwischen 1.300 und 5.600 Dollar für eine Wiederherstellung kosten. DOOR Bug integriert sich in die bestehende Reihe intelligenter Sensoren von Latch und wird voraussichtlich 2025 verfügbar sein. Durch zukünftige Software-Updates wird das Gerät in der Lage sein, zusätzliche Property-Systeme zu überwachen, darunter Geräuschbelästigungen und Ausfälle von Gebäudeanlagen.

Positive
  • Introduction of affordable smart sensor at $39, significantly cheaper than existing market solutions
  • Potential for expanded functionality through software updates without hardware changes
  • Integration with existing Latch smart sensor ecosystem
Negative
  • Product won't be available until 2025, indicating delayed revenue potential
  • initial functionality compared to promised future capabilities

DOOR Bug is the latest addition to the company’s smart sensor line up that enables customers to easily and affordably monitor their buildings.

ST. LOUIS & NEW YORK--(BUSINESS WIRE)-- Latch, Inc., soon to be DOOR, today announced at ISC East 2024 the new DOOR Bug, a $39 AI-powered event and leak detector that monitors for running toilets, sink leaks, and other common household problems – alerting property managers about potential issues before they become expensive emergencies. In the U.S., the average cost of water damage restoration ranges from $1,300 to $5,600, making early detection with affordable IoT solutions a priority for property managers and building owners.

The new DOOR Bug is a <money>$39</money> AI-powered event and leak detector that monitors for running toilets, sink leaks, and other common household problems – alerting property managers about potential issues before they become expensive emergencies. (Photo: Business Wire)

The new DOOR Bug is a $39 AI-powered event and leak detector that monitors for running toilets, sink leaks, and other common household problems – alerting property managers about potential issues before they become expensive emergencies. (Photo: Business Wire)

“We are on a mission to deliver affordable innovations that enhance residential living,” said Jamie Siminoff, Doorman. “This product was inspired by a toilet running in a unit that our DOOR Property Management division oversees, which had a meaningful financial impact to the building owners. The current monitoring solutions on the market were price prohibitive, so we created our own affordable and easy-to-install solution to tackle this very acute problem and, in the future, to monitor other areas around multi-family buildings.”

DOOR Bug alerts property managers to running toilets and plumbing leaks. In the future, through software updates, the DOOR Bug hardware should be able to watch over other property systems, 24/7. With DOOR Bug’s AI, the device can be customized in the future to monitor for everything from noise disturbances to early failure warnings in the building's physical plant.

DOOR Bug works with Latch’s other smart sensors, including the Latch Leak Detector ($14.99), Latch Lasso ($17.49), Latch Temperature and Humidity Sensor ($24.99), and Latch Connected Thermostat ($99.99), providing affordable options for building owners and operators to monitor their properties. DOOR Bug is expected to be available in 2025 for $39.

The company is showcasing DOOR Bug and its entire IoT product line at Latch’s ISC East booth (#1129) this week in New York. To learn more, stop by the booth or contact Latch’s sales team at sales@door.com.

About Latch, Inc.

Latch makes spaces better places to live, work, and visit through a system of software, devices, and services. For more information, please visit www.latch.com.

About DOOR

DOOR is on a mission to enhance the residential living experience with its DOOR app, which brings together products, services, technology, and community to reduce costs for building owners and deliver the living experience residents expect in today’s world. Built on the strong foundation Latch established with its access control and entry systems, the DOOR app is anchored by the Doorman, an AI assistant that combines the technology and unique data of each building to serve timely and relevant information to residents and property managers. From access control to monitoring for leaky toilets and checking the status of amenities and service providers, DOOR supports all the needs of residential living in one, easy-to-use app. Visit DOOR.com to learn more.

Forward Looking Statements

This release contains certain forward-looking statements within the meaning of the federal securities laws. These forward-looking statements generally are identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "would," "will continue," "will likely result," and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Forward-looking information includes, but is not limited to, statements regarding: the company's products, product functionality and product releases, and the related benefits to stockholders, customers, and residents. Many factors could cause actual future events to differ materially from the forward-looking statements in this release, including: the company's ability to implement, or changes in, business plans; delay or unavailability of materials or transportation capacity, experienced by the company or its suppliers; the effectiveness of installation and implementation of products by customers; and other factors outside of the company’s control. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the "Risk Factors" section of the company's Annual Report on Form 10-K filed with the SEC on March 1, 2022, and other documents filed by the company from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and the company assumes no obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law, including the securities laws of the United States and the rules and regulations of the SEC. The company does not give any assurance that it will achieve its expectations.

Media Contact

press@door.com

Source: Latch, Inc.

FAQ

What is the price of Latch's DOOR Bug sensor and when will it be available?

The DOOR Bug sensor is priced at $39 and is expected to be available in 2025.

What problems does Latch's DOOR Bug detect?

DOOR Bug detects running toilets, sink leaks, and other common household problems, with future capability to monitor noise disturbances and building system failures through software updates.

How much does water damage typically cost that LTCH's DOOR Bug aims to prevent?

In the U.S., water damage restoration typically costs between $1,300 to $5,600, which DOOR Bug aims to prevent through early detection.

What other smart sensors does Latch offer alongside DOOR Bug?

Latch offers the Leak Detector ($14.99), Lasso ($17.49), Temperature and Humidity Sensor ($24.99), and Connected Thermostat ($99.99).

LATCH INC

OTC:LTCH

LTCH Rankings

LTCH Latest News

LTCH Stock Data

20.94M
135.48M
15.83%
7.11%
1.48%
Software - Application
Technology
Link
United States of America
Olivette