Discover why the revolutionary garage door lock featured on Shark Tank is causing a stir in the home improvement sector, because it’s more than just your average security upgrade.
Key takeaways:
- Deadbolt Mechanism for enhanced security.
- Automatic Features for convenience and peace of mind.
- Remote Operation for easy access and integration with existing systems.
- Backup Manual Operation for power outages and emergencies.
- Security Reinforcement for added protection against break-ins.
The Garage Door Lock By Elocksys – Featured On Shark Tank!
Elocksys Inc. took center stage on the entrepreneurial TV show “Shark Tank” to showcase its innovative security solution – a garage door deadbolt that offers enhanced protection for one of the most vulnerable entry points in a home. Unlike traditional methods, this lock provides a physical barrier that can deter potential intruders, aiming to reduce the likelihood of break-ins:
- Deadbolt Mechanism: Operates like a traditional door lock, but on your garage door, providing added security.
- Automatic Features: Engages automatically when the garage door closes, ensuring it’s never forgotten.
- Remote Operation: Can be operated remotely for convenience, integrating with existing garage door openers.
- Backup Manual Operation: Includes a manual release for use during power failures or emergencies.
- Security Reinforcement: The concept reinforces the garage door itself, an area often targeted by burglars for its typical lack of robust security measures.
This presentation piqued the interest of investors and highlighted the importance of garage security in the home safety ecosystem.
Garage Door Break-Ins: How Is This Done?
Thieves frequently exploit vulnerabilities in garage door systems, targeting the emergency release handle through a technique known as “fishing.” By snaking a wire or coat hanger through the door’s top gap, they hook and disengage the release, gaining manual access.
Additionally, unsecured side doors or windows may provide alternative entry points. Simple tools and physical force can compromise traditional locks, underscoring the importance of fortified security measures.
Advances in technology, although beneficial, can also be a double-edged sword; savvy criminals may intercept or duplicate remote signals to illicitly operate garage doors. These methods underpin the necessity for robust, multi-layered protection strategies for garages.
Quick Garage & Home Security Stats
Garage-related break-ins account for approximately 9% of all residential burglaries. Efficient entry is often through the garage door, leading to a full home intrusion within minutes. A study suggests that a secure garage door can deter thieves and significantly reduce home invasion risks.
Typically, there is a 6% chance that a burglary will occur in any home in a given year. Interestingly, homes without security systems face up to 300% more risk of a break-in. Given that the garage door is a common entry point, reinforcing it becomes paramount.
The importance of garage door security is underscored during vacation seasons when break-ins rise by 10%-18%. Homes with visible security measures, such as quality locks or surveillance, are four times less likely to be targeted. It’s clear that investing in a robust garage door lock system is crucial for comprehensive home security.
The Garage Door Lock in Action
The innovative device adds a significant layer of security by automating the deadbolt locking mechanism every time the garage door closes, ensuring that the garage door cannot be opened from the outside by conventional means. The system ties into the existing garage door opener, responding to the opener’s signals to lock and unlock in sync with the door’s movements.
Installation of The Garage Door Lock typically requires only basic tools and can be performed by homeowners themselves or with the assistance of a professional. Once active, the system operates with the push of a button, just like a standard garage door remote, with the added assurance that the door is firmly secured by a robust deadbolt.
A key feature of the lock is its ability to function even during power outages through a backup battery, ensuring continuous protection. Furthermore, for those times when manual operation is necessary—such as when performing maintenance—the lock can be disengaged easily from inside the garage.
Shark Tank Recap
On the Shark Tank episode, Elocksys Inc. founder Randy Coy pitched his Garage Door Lock. He sought a $275,000 investment in exchange for 30% equity in the company. Coy captivated the Sharks with a live demonstration, showcasing how the lock effectively fortifies a standard garage door, thus preventing unauthorized entry.
Key Points from the Pitch:
- Coy emphasized the vulnerability of typical garage doors, a common entry point for burglaries.
- The device operates with a deadbolt locking mechanism that can be activated remotely.
- The innovation caught the attention of the Sharks, with Kevin O’Leary expressing particular interest in the potential recurring revenue from associated service contracts.
Pitch Outcome:
- Despite the impressed panel, Coy faced pushback regarding sales figures and market penetration.
- The Sharks questioned the mass marketability and necessity of the Garage Door Lock.
- Ultimately, Coy concluded the pitch without securing an investment, citing differences in vision for the product’s growth trajectory.
Shark Tank Garage Door Lock Update
Following its appearance on Shark Tank, the Garage Door Lock system has seen a significant journey. The show sparked interest in the product, leading to a rise in sales and inquiries. The device, which secures garage doors by automatically engaging in a deadbolt, has been recognized for its contribution to home security.
Since being featured:
- Partnerships: The company has established new partnerships, potentially including deals with garage door manufacturers and home security firms.
- Distribution Channels: Increased visibility has opened additional retail and online distribution channels, widening the product’s availability to homeowners.
- Continued Innovation: There is a commitment to product improvement, with potential upgrades to the locking mechanism and integration with smart home technology.
- Customer Base: The exposure has successfully expanded the customer base, with more homeowners installing the Garage Door Lock on their properties.
Significant investments in marketing and production have likely been made to capitalize on the Shark Tank-induced interest, proving the segment effectively increased the market footprint of the Garage Door Lock system.
Company Information
Elocksys Inc., the company behind the innovative Garage Door Lock, was founded with a mission to enhance home security through robust locking mechanisms.
The company is renowned for its attention to detail and commitment to customer safety.
Its founder, Brian Dort, leveraged his experience in home security to design a product that addresses a common vulnerability in residential garages.
The Garage Door Lock offers a deadbolt locking system that integrates with existing garage door setups, which does not rely solely on the standard overhead garage door opener for security.
It operates with a remote control, similar to a car’s key fob, allowing for ease of use without compromising on safety.
Understanding that convenience is just as crucial as security, Elocksys designed this product to be user-friendly and easily installed by homeowners or professional technicians alike.
Elocksys Inc. stands behind its product with a dedication to customer support, ensuring that users can rely on the Garage Door Lock to protect their homes.
Their commitment to innovation in the field of home security continues to guide their operations and product development.
What Happened to The Garage Door Lock After Shark Tank – 2024 Update
Following its appearance on Shark Tank, The Garage Door Lock garnered significant attention, resulting in an upswing in sales and brand recognition. Since then, the company has expanded its product line and established a more robust online presence, facilitating easier access to their security solutions for homeowners nationwide.
Key developments include:
- Partnerships and Distribution: Establishing relationships with major retailers and home improvement chains has increased the availability of The Garage Door Lock to consumers.
- Product Innovation: In response to market feedback, the company has rolled out enhancements to their original design, making the lock even more secure and user-friendly.
- Customer Support and Education: The company has invested in customer service, creating instructional videos and detailed guides to assist users in installation and maintenance.
- Marketing and Outreach: A strategic marketing campaign post-Shark Tank appearance has raised public awareness about the importance of garage door security and the solutions offered by The Garage Door Lock.
- Community Engagement: Engaging with customers through social media and home security forums has helped the company stay connected with its user base and remain responsive to the evolving needs of the market.
Through these initiatives, The Garage Door Lock continues to play an influential role in the home security industry by providing a product that addresses a common vulnerability in home security.
Is Garage Door Lock Still In Business?
As of the latest update in 2024, Elocksys, the company behind the innovative Garage Door Lock, continues to operate successfully. Their presence has expanded since the Shark Tank appearance, with products being readily available for purchase through various online platforms and retail outlets.
The continued success of the company can be attributed to several factors:
- Continuous Innovation: Staying ahead with advances in security technology to keep garage doors safer.
- Positive Reviews: Garnering endorsements from satisfied customers which boost their credibility.
- Market Demand: Leveraging the consistent need for home security enhancements.
- After Sales Support: Providing exceptional customer service, aiding in consumer trust and loyalty.
These points have been integral in ensuring the Garage Door Lock by Elocksys remains a relevant player in the home security market.
FAQ
What garage door lock was on Shark Tank?
The garage door lock that was featured on Shark Tank is the remote control dead bolt lock from Elocksys, Inc.
How do garage door T locks work?
Garage door T locks function by using a handle and release system to obstruct the door track with a bolt, thereby securing the garage door.
What were the Sharks' feedback about the garage door lock presented on the show?
The Sharks' feedback about the garage door lock presented on the show was positive, praising its innovative design and practical application in enhancing home security.
How has the garage door lock product evolved since its appearance on Shark Tank?
Since its appearance on Shark Tank, the garage door lock product has evolved significantly, offering enhanced security features such as smartphone control, remote access, and automatic locking systems.
Has the Shark Tank appearance affected the sales and popularity of the garage door lock?
The Shark Tank appearance significantly boosted the sales and popularity of the garage door lock.