Resideo Technologies, a global provider of residential comfort and security solutions, and distributor of low-voltage and security products, is now a stand-alone, publicly traded company following its spinoff from Honeywell International. Resideo will establish a headquarters in Austin, Texas, in early 2019. The company rang the opening bell at the New York Stock Exchange at 9:30 a.m. EDT on Tuesday, Oct. 30.
“At Resideo, we believe there is a tremendous opportunity to connect the complex systems of a modern home in simple, intuitive ways,” said Mike Nefkens, president and CEO of Resideo. "Technology makes safer, more secure, and more energy efficient homes possible, and gives consumers convenience and control like never before.
"If you've ever tried to piece together a smart home yourself, you know how complicated it can be. It can mean dozens of gadgets and apps, rewiring, and troubleshooting. Our mission is to offer a different choice in the industry and make it easier to upgrade to a smart home,” he said.
Resideo benefits from long-standing relationships with professional dealers and contractors, who purchase 95 percent of the company’s residential products. The company will launch an expanded Contractor PRO loyalty program for the HVAC industry this year. It also will expand its Live Well program, which will allow HVAC technicians to test for airborne pollutants in the home and make informed recommendations, generating greater revenue opportunities while benefitting consumers. Resideo also will announce a new security contractor loyalty program at its 27th annual CONNECT Conference in November. Resideo plans to continue the popular security industry event in 2019.
In the coming months, Resideo plans to introduce new products and software to advance the smart home experience. This includes a Honeywell Home next generation professional residential security platform and new enhancements to the Total Connect Remote Services application. The D6 Pro Wi-fi Ductless Controller, which provides smart control for ductless HVAC, will be available in retail early next year and is already available for professional installation. The company also will launch a Universal Heat Pump Defrost Control for HVAC contractors, which offers universal compatibility across a broad range of original equipment manufacturer brands.
“A home is the largest investment most people will ever make. It should be their favorite destination as well, and that fuels our passion at Resideo to bring homes into the future,” Nefkens said. “We work with the leading home automation partners to integrate products and apps so consumers have the flexibility to customize their smart home experience. We give professional contractors the tools they need to simplify smart home installation and provide ongoing support. Through advanced software, we connect our exceptionally designed products located on the wall, behind the wall, on the exterior, and in the cloud – the way a smart home should be.”