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Creating Smart Homes with the Real Estate Industry
www.iotashome.com [email protected]
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“The smart home market will reach $71 billion by 2018”- Juniper Research
@IOTASHOME 2
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But smart homes will never happen…
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Millennials aka “Early Adopters” & “Generation Rent” 68%* of them rent homes/apts that they can’t retrofit.
50% of residents move within 1 year in the same building.
DIY is a deterrent as they don’t want to move all the stuff they just installed.
The cost to experiment is too high in time and $$$.
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This is the reality of the Smart Home market
These issues slow down the adoption of Smart Home technology
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IOTAS is partnered with the
Real Estate Industry to
connect Millennials through
Smart Home TechnologyIOTAS CONFIDENTIAL. ALL RIGHTS RESERVED. ©@IOTASHOME 5
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Millennials live in the rental economy
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Free as part of Rent, providing the value of
those devices and more
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Millennials want access to value vs ownership
$990
Cost of ownership
VS$240
$200
$100
$250
$200
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The IOTAS way is easy
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Step 1 - Make it easy for target market • Target Millennials where they live • No need to purchase hardware • No setup or DIY required • When they move next, they take their
IOTAS profile with them
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Step 2 - Make it easy to deploy • Provide standard hardware sizes • Install during construction or retrofit • Don’t change construction process • No training required • Provide exponential revenue streams
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Step 3 - Get data from entire home • All outlets & lights measure current • Everything is controlled & monitored
by phone • Sensors in every room • MDU specific networking technology
for pairing and communication
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The Result is Clean Data
• Lab like controlled environment (apartments have same floorpans)
• Minimal variables to gather data (unlike Single Family Homes)
• Entire home provides data • Intelligible data • Best Machine Learning Algorithm
by June 2015
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AUTOMATE Planned Patterns
ADAPT Breaks in Patterns
ANTICIPATE Learn New Patterns
IOTAS Machine Learning
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So what exactly is IOTAS?
It’s a LIVING PROFILE
Our lives are made up of patterns. IOTAS captures your patterns,
interactions, preferences & settings to create your Living Profile.
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When you move…
Your IOTAS Living Profile moves with you
From apartment to apartment… then to single homes, work, car, hotel, retail
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Traction & Milestones
1. In December of 2014, IOTAS created the first Smart Building in the US.
2. Currently in Smart Home Beta Program with Greystar* in: • 10 US States • 1 International - Chile
3. Flextronics is our long-term hardware partner.
* Greystar has 30% of US Marketshare in Property Management and Ownership in 33 US states and internationally
Partnership with Capstone Partners in Portland, OR
Mixed use building - 210 units and retailers
Launching in Jan 2014
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Why the Real Estate Industry likes IOTAS
1. It’s easy… installation is the same as standard outlets/switches
2. Energy savings = cost savings for buildings
3. Huge marketing opportunity and differentiation
4. IOTAS updates their old buildings with new technology
5. They can charge more rent
6. 10% Gross Revenue Share
7. There is potential to sell the buildings for more later
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Why residents likes IOTAS
1. Save money by reducing energy bill
2. Control their home remotely using their smart phone
3. IOTAS is ready-to-use with no DIY required
4. IOTAS is easy-to-use Smart Home Technology
5. All their settings & preferences travels with them to new home
and 50% of renters move within one year within the same building.
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Thanks!
For more information, contact:
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