Lowe's launches home security solution

Lowe's (NYSE:LOW) has added professional monitoring services to its Iris smart home set of solutions, as the Internet of Things continues to grow as a product category at retail.

The home improvement retailer has partnered with United Central Control to offer the service to Iris customers, homeowners and renters, who can now have emergency responders dispatched to their homes in the event of an intrusion, smoke, carbon monoxide or panic alarms. The service is offered with a month-to-month fee of $19.99 and doesn't require a long-term contract.

Home improvement stores are the No. 1 place for U.S. shoppers to buy smart home products, according to a recent survey conducted by Lowe's.

"Many of our customers have been interested in the added peace of mind of 24/7 protection with live professionals available to help if problems occur, but only if it was as affordable and flexible as Iris is today," said Mick Koster, VP and general manager of Iris Home Systems. "By providing customers with Iris' easy-to-install, wireless DIY system combined with professional monitoring capabilities they can trust and afford, we are offering the most all-inclusive smart home solution available at the best value for both homeowners and renters alike."

This is Lowe's second generation version of Iris, a DIY kit that lets consumers connect devices in the home in the burgeoning IoT market. According to Lowe's annual Smart Home survey, two-thirds of U.S. consumers plan to purchase a smart home product someday, and 17 percent will do so this year.

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