Tysons, VA and Las Vegas, NV - January 3, 2017 - At CES® 2017 today, Alarm.com (Nasdaq: ALRM) announced plans to develop autonomous, video-enabled drone applications to extend the capabilities of smart home and business security systems. Alarm.com's multi-sensor awareness and property intelligence, together with the Qualcomm® Snapdragon Flight drone platform, will deploy drones to investigate unexpected activity. The drones will be designed to autonomously navigate through the property and provide a high-resolution video feed to the property owner.
Alarm.com's Insights Engine applies machine-learning algorithms to the growing data set generated by devices and sensors in a connected property. By recognizing complex activity patterns and detecting anomalies, Alarm.com can proactively respond to events on behalf of the user. Alarm.com intends to leverage these insights to intelligently deploy video-enabled drones to the location where unexpected activity was detected or when an alarm was triggered. Strict, opt-in privacy controls will enable the property owner to easily share the video feed with a central monitoring station and emergency responders.
"This is a very interesting application for drones, which at their core are essentially flying cameras, and by using other advanced capabilities of our Snapdragon processors, Alarm.com is designing a whole new way to provide security to properties," said Hugo Swart, senior director, product management, Qualcomm Technologies, Inc. "The Qualcomm Snapdragon Flight platform pushes the boundaries of the drone industry and has led to many new form factors and use cases, and Alarm.com, with its security expertise, is taking commercial and residential security systems to the next level by integrating intelligent and cutting edge drones to its solutions."
"Alarm.com has been a pioneer in the smart home and business security space," said Daniel Kerzner, Alarm.com's Chief Product Officer. "By analyzing data across the devices on our platform, we have created unique capabilities that make properties safer, smarter and more efficient. We're excited to use Qualcomm Snapdragon Flight to develop similar applications for drones. Our intelligent drone deployment system will be designed to provide targeted video in response to specific events around a property - augmenting fixed location cameras and enhancing the active security perimeter for homes and businesses."
Alarm.com is the leading platform solution for the connected home and business. Millions of people depend on Alarm.com's technology to monitor and control their property from anywhere. Centered on security and remote monitoring, our platform addresses a wide range of market needs and enables application-based control for a growing variety of Internet of Things (IoT) devices. Our security, video monitoring, intelligent automation and energy management solutions are available through our network of thousands of professional service providers in North America and around the globe. Alarm.com's common stock is traded on the Nasdaq under the ticker symbol ALRM. For more information, please visit www.alarm.com.
Qualcomm Technologies, Inc. is a subsidiary of Qualcomm Incorporated. Qualcomm and Snapdragon are trademarks of Qualcomm Incorporated, registered in the United States and other countries. Snapdragon Flight is a trademark of Qualcomm Incorporated. Other product and brand names may be trademarks or registered trademarks of their respective owners.
Qualcomm Snapdragon and Qualcomm Snapdragon Flight are products of Qualcomm Technologies, Inc.
This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which may be identified by their use of terms and phrases such as "will," "intend," "enable," "plans," "develop," "designed to" and other similar terms and phrases, and may include but are not limited to, the statements regarding the Company's projected business strategies and planned research and development efforts utilizing the Qualcomm® Snapdragon Flight drone platform for the use of drones for home security applications, the anticipated features, benefits and functions of drone applications to be developed by the Company, projected investments and expenditures, anticipated market demand or opportunities for these products and applications, and other forward-looking statements. These statements reflect the Company's current views with respect to future events, and are subject to certain risks, uncertainties, and assumptions. A number of factors could cause actual results to differ materially from those contained in the forward-looking statements, including the Company's ability to manage and execute on the Company's business strategies; the effects of increased competition and evolving technologies; the Company's ability to effectively enhance, innovate and scale the Company's solution; consumer demand for interactive security and home automation services; the reliability of the Company's hardware and technology suppliers; future financial prospects, and other factors discussed in the "Risk Factors" section of the Company's Annual Report on Form 10-K filed with the Securities and Exchange Commission on February 29, 2016, the "Risk Factors" section of the Company's Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2016 filed with the Securities and Exchange Commission on November 14, 2016 and other subsequent filings the Company makes with the Securities and Exchange Commission from time to time. Actual results and the timing of certain events may differ materially from the results or timing predicted or implied by such forward-looking statements. The Company anticipates that subsequent events and developments may cause the Company's views to change. However, while the Company may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so except as required by law. These forward-looking statements should not be relied upon as representing the Company's views as of any date subsequent to the date hereof.