“Working with Freedom Forever expands our offering and adds value to customers who care about the environment and skyrocketing energy costs,” said David Bywater, CEO of Vivint. Bywater was previously CEO of Vivint Solar (acquired by Sunrun), the exclusive provider of solar power purchase agreements for Vivint and Freedom Forever. “This partnership gives me great confidence that we can offer our customers a truly integrated smart home and energy offering.” Wireless Home Security and Continuous Video Recording 24×7 While Best Buy may no longer work with Vivint when it comes to selling connected home and security products, it appears to remain engaged in the market as the company announced last week that it had agreed to acquire GreatCall for $800 million in cash. In 1999, Keith Nellesen and Todd Pedersen co-founded APX Alarm Security Solutions in Provo, Utah. [16] [17] At that time, the company was selling and installing security systems. [16] Vivint began building customer loyalty in 2006 after becoming a provider of home monitoring. [16] The company expanded its service to Canada this year after signing a $75 million loan agreement with Goldman Sachs. [18] Goldman Sachs and APX Alarm entered into another $440 million loan agreement in 2009. [18] In November, the company acquired a central alarm monitoring station from Criticom Monitoring Services, a subsidiary of Protection One, in St. Paul, Minnesota [18] APX Alarm opened a new headquarters in Provo, Utah, a month later.

[19] In January 2016, Vivint announced partnerships with Amazon and Nest. [52] Vivint also announced Vivint Element, its own smart thermostat, and the Vivint Ping camera, the first indoor camera with a one-touch call. [53] Despite the end of their partnership with Best Buy, Pedersen stated that the company was not abandoning the retail channel. In an interview with SecurityInfoWatch shortly after the partnership was announced, Colby Winegar, vice president of strategic business development at Vivint, said the deal would not only help increase their presence and brand awareness, but also allow them to educate consumers about the capabilities of smart home products. Smart safety sensors prevent trifles from turning into serious problems and keep you up to date with the Vivint app. In 2017, Vivint announced a partnership with Airbnb. [54] It has also integrated its smart home suite with Google Home and Philips Hue Smart Lighting. [55] [56] In 2017, Vivint also launched Sky, a cloud-based home surveillance device that uses artificial intelligence to detect residents at home, whether residents are awake or asleep, home temperature, entrance security, and lighting.

[57] In 2018, Vivint partnered with Google to include two Google Home Mini devices in each starter kit. The company has also integrated the Nest Thermostat E and Google Wifi into its smart home suite. [58] According to a statement issued earlier this month by APX Group Holdings, vivint`s parent company, the company has agreed to end its retail partnership with Best Buy. In 2019, the company launched Vivint Car Guard to monitor the safety of cars and homes from a single app. [59] The company also launched the Vivint Outdoor Camera Pro to scare prowlers. [60] Vivint launched the Vivint Doorbell Camera Pro in 2020, an AI-powered camera that intelligently detects packets and proactively deters package thieves. [61] The partnership, which was launched last summer, was important in that it was the first time a national retailer partnered with an alarm company to sell a combination of connected home products and professional security monitoring. Vivint Smart Home is a leader in smart home in North America. Vivint offers an integrated smart home system with professional in-home advice, installation and support through its Smart Home Pros, as well as 24/7 customer service and monitoring. Vivint is committed to redefining the home experience with intelligent products and services, serving more than 1.7 million customers in the U.S. and Canada.

For more information, see www.vivint.com. A safer home starts with smarter security. We are constantly innovating our products and processes to give every homeowner peace of mind and meet the needs of your unique home. For more information about Vivint and Freedom Forever, visit www.vivint.com or www.FreedomForever.com. From safety to convenience, we help you empower yourself by making sure everything is in order at home. Armed with world-class innovation and support, you can do more and worry less. This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding the capabilities and expected benefits of the planned integration of Vivint`s smart home system into Freedom Forever`s solar offering, including, but not limited to: Vivint`s ability to: monitor energy production and consumption in its customers` homes. In general, statements that are not historical facts, including statements about possible or anticipated future actions, business strategies, events or results of operations of the Company, are forward-looking statements. These statements may include the words “believes”, “estimates”, “expects”, “projects”, “anticipates”, “may”, “will”, “should”, “seeks”, “plans”, “plans”, “anticipates” or “intends” or similar expressions, followed by or including such statements. By their nature, forward-looking statements are subject to risks and uncertainties, some of which cannot be predicted or quantified. Forward-looking statements should not be construed as a guarantee of future performance or results and are not necessarily accurate indications of when or to what extent such returns or results will be achieved, if any.

These statements are based on current expectations and assumptions regarding future events and business developments as of the date of this press release and are subject to risks and uncertainties, including those discussed in Part I, Item 1A. .