Purpose-built smart lock, designed to meet the unique needs of rental housing, first entry in proptech leader’s lineup of in-house smart locks

SmartRent, Inc. (NYSE: SMRT) (“SmartRent” or the “Company”), a leading provider of smart communities and smart operations solutions for the rental housing industry, today announced the launch of Alloy Deadbolt, the first lock in the Company’s in-house smart lock series. Alloy Deadbolt is engineered to address the unique access challenges faced by rental housing owners and operators, and offers an innovative and affordable entry point for those looking to build a smart platform for their properties.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240610954037/en/

SmartRent's Alloy Deadbolt, the first in its series of in-house smart locks, is one of the most cost-effective options on the market for rental housing operators. Key benefits include potentially reducing expenses related to rekeying and key management and enabling renters to manage their home entries from anywhere. (Graphic: Business Wire)

As one of the most cost-effective options on the market, Alloy Deadbolt aims to reduce rekeying and key management expenses. Additionally, it is a desirable amenity for residents, enabling them to manage their home entries from anywhere. When deployed across multiple locations, Alloy Deadbolt could amplify operational benefits throughout a community and enhance the overall smart living and working experience.

“Hardware is essential to powering our platform, and we are pleased to further grow our Alloy SmartHome hardware line with the addition of Alloy Deadbolt,” said SmartRent CEO Lucas Haldeman. “Smart locks and access controls are foundational components to smart communities. Unlike consumer-focused products deployed in rental housing, Alloy Deadbolt was designed in-house for rental housing, based on customer feedback and our deep knowledge of industry dynamics. The lock supports operational efficiency while attracting and retaining tech-savvy renters.”

Paired with SmartHome Hub+ and Leak Sensor+, along with Smart Operations Solutions within SmartRent’s Essential Package, Alloy Deadbolt contributes to a comprehensive cost-savings platform that aims to streamline operations for rental housing owners and operators, while adding value for residents. Alongside the Alloy Deadbolt, SmartRent has introduced new, flexible monthly payment options for its comprehensive technology suite, designed to lower upfront costs and reduce the burden of large capital expenditures, making it more financially feasible for rental housing owners and operators to innovate and improve their properties.

“We believe smart is for everyone, and value the opportunity to bring smart solutions to the industry at scale at a competitive price point,” said Haldeman. “With more than 600 customers and millions of users, we remain focused on delivering groundbreaking innovation and elevating the standard of living and working for all we serve.”

To learn more about Alloy Deadbolt and SmartRent’s other solutions, visit smartrent.com.

About SmartRent

Founded in 2017, SmartRent, Inc. (NYSE: SMRT) is a leading provider of smart home and smart property solutions for the multifamily industry. The company’s unmatched platform, comprised of smart hardware and cloud-based SaaS solutions, gives operators seamless visibility and control over real estate assets, empowering them to simplify operations, automate workflows and deliver exceptional site team and resident experiences. SmartRent serves 15 of the top 20 multifamily owners and operators, and its solutions enable millions of users to live smarter every day. For more information, please visit www.smartrent.com.

Amanda Chavez - Senior Director, Corporate Communications media@smartrent.com

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