Strategic Asset Leasing Inc. (OTC PINK:LEAS) (”LEAS”)is focused on leveraging technology assets with an initial focus on the Fintech industry and the Internet of Things (IOT). The “Internet of Things”, simply put, are devices and objects that also have an online connection such as personal voice assistants, smart home systems, video doorbells etc. These are rapidly growing sectors and LEAS will be developing and licensing technologies that will help companies penetrate these markets, thereby increasing shareholder value.
LEAS recently announced the Company submitted a provisional patent for its first Internet of Things (IOT) product. This first product is tentatively called the ‘Safe and Secure Nightlight’ (SSN). The SSN is a product that comes in the form of either a wall plug with integrated WIFI, Bluetooth, night light, motion sensor and beeper/alarm or as a replacement for the wall plate itself.
The product allows the user to quickly install the device without connecting any wires and configure it with a smartphone to create a non-invasive motion sensing security systems and nightlight.
The product can be configured to continuously shine, shine only when it senses motion or sound an alarm when motion is detected. This makes for a cost-effective product for a number of applications in the safety and security market.
The Company’s vision is that this product will achieves several milestones for the company.
- Laying the groundwork for the electrical engineering required for IOT technologies such as WIFI and Bluetooth
- Creating the server infrastructure to provide IOT services and to sell or lease that technology and infrastructure
- Designing and deploying a web dashboard for managing IOT products
- Deploying a smartphone application and making it available in the Apple and Android Stores
- Developing new technology for Amazon Alexa and Google NEST that interface with IOT products
All these technologies are applicable to other companies wanting to enter the IOT marketplace quickly and Strategic will be working to market, license and sell the technology. The Company believes creating these intellectual product assets will foster desirable toolkits for developers to quickly deploy new IOT products.
The Company is also evaluating plans to manufacture and sell these products into major retailers such as Amazon, Best-Buy, Kohls and others.
The Company understands that the home automation market is in a tremendous growth phase and that by integrating its products into Amazon and Google platforms it will be able to monetize this opportunity. Based on current estimates, bringing these products to market could yield as much as 200% growth quarter over quarter for the Company.
CEO, Jason Tucker, stated: “By submitting a provisional patent, LEAS gains patent pending status and begins the process of protecting its intellectual property from being copied by others. The provisional patent is received by the USPTO who issues a provisional patent application identification number which is used to subsequently file a formal patent application. The provisional patent is confidential so that it does not give competitors an opportunity to steal the IP of the company.”
The Company will be demonstrating its Safe and Secure Nightlight technology with presentations by Strategic CEO, Jason Tucker and assisted by (OTC PINK:PNNX) CEO, Vincent Risalvato. This year’s conference will be held virtually November 4-5. You can learn more about the IoT Expo at: https://www.iottechexpo.com/northamerica/