Industry Leaders with Common Mission to
Protect Customers Collaborate to Deliver Added Peace of Mind
Through DIY Smart Home Security Solutions
SAN
JOSE, Calif., July 2, 2024
/PRNewswire/ -- Arlo Technologies, Inc. (NYSE: ARLO), a
leading smart home security brand, announced today a strategic
partnership agreement with Allstate. With a shared mission to
deliver peace of mind to customers, Arlo and Allstate will
collaborate to offer protection solutions that bring more value to
Arlo customers and Allstate policyholders.
Kicking off the new partnership, Arlo will soon offer their
customers Allstate Protection Plans for their Arlo.com purchases,
enabling customers to extend protection to three years from date of
purchase.
"Arlo and Allstate have a shared mission to protect what people
care about the most, as well as a well-established history of
driving innovation in the market that adds meaningful value for our
customers," said Matthew McRae, CEO
of Arlo Technologies. "We are excited to bring our teams together
to make it even easier for customers to feel safe and secure
through a seamless experience powered by our respective technology
and service expertise."
Allstate Protection Plans offers product protection with
seamless, award-winning service and support and are available for
all of Arlo's award-winning DIY security products, including
cameras, video doorbells, floodlights, and home security
systems.
"People have an emotional attachment to their homes. It's their
sanctuary and most valuable asset," said Suren Gupta, President, Protection Products and
Enterprise Services, at Allstate. "With our shared commitment to
protection, we look forward to working with Arlo to ensure our
customers' peace of mind."
Additional details of Arlo's partnership with Allstate will be
announced later this year. For more information on the full range
of Arlo smart home security products and services, visit
www.Arlo.com. For additional details on Allstate Protection Plans,
visit,
http://arlo.com/en-us/allstate-product-protection-plan.html.
About Arlo Technologies, Inc.
Arlo is an
award-winning, industry leader that is transforming the ways in
which people can protect everything that matters to them with
advanced home, business, and personal security solutions. Arlo's
deep expertise in AI- and CV-powered analytics, cloud services,
user experience and product design, and innovative wireless and RF
connectivity enables the delivery of a seamless, smart security
experience for Arlo users that is easy to set up and interact with
every day. Arlo's cloud-based platform provides users with
visibility, insight, and a powerful means to help protect and
connect in real-time with the people and things that matter most,
from any location with a Wi-Fi or a cellular connection. Arlo has
recently launched several categories of award-winning connected
devices, software, and services. These include wire-free, smart
Wi-Fi and LTE-enabled security cameras, video doorbells,
floodlights, security system, and Arlo's subscription services:
Arlo Secure and Arlo Safe.
With a mission to bring users peace of mind, Arlo is as
passionate about protecting user privacy as it is about
safeguarding homes and families. Arlo is committed to implementing
industry standards for data protection designed to keep users'
personal information private and in their control. Arlo provides
enhanced controls for user data, supports privacy legislation,
keeps user data safely secure, and puts security at the forefront
of company culture.
Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995:
This press release contains
forward-looking statements within the meaning of the U.S. Private
Securities Litigation Reform Act of 1995. The words "anticipate,"
"expect," "believe," "will," "may," "should," "estimate,"
"project," "outlook," "forecast" or other similar words are used to
identify such forward-looking statements. However, the absence of
these words does not mean that the statements are not
forward-looking. The forward-looking statements represent Arlo
Technologies, Inc.'s (the "Company" or "Arlo") expectations or
beliefs concerning future events based on information available at
the time such statements were made and include statements regarding
lowering the barrier of entry and broadening the market for DIT
security and Arlo cameras, Arlo video doorbells, Arlo Secure, Arlo
Secure Plus, and future Arlo products. These statements are based
on management's current expectations and are subject to certain
risks and uncertainties, including the following: future demand for
the Company's products may be lower than anticipated; consumers may
choose not to utilize payment plans or to adopt the Company's new
product offerings, or may adopt competing products; and product
performance may be adversely affected by real-world operating
conditions. Further, certain forward-looking statements are based
on assumptions as to future events that may not prove to be
accurate. Therefore, actual outcomes and results may differ
materially from what is expressed or forecast in such
forward-looking statements. Further information on potential risk
factors that could affect Arlo and its business are detailed in the
Company's periodic filings with the Securities and Exchange
Commission, including, but not limited to, those risk factors
described in the Company's most recently filed Annual Report on
Form 10-K and Quarterly Report on Form 10-Q and subsequent filings
with the Securities and Exchange Commission. Given these
circumstances, you should not place undue reliance on these
forward-looking statements. Arlo undertakes no obligation to
release publicly any revisions to any forward-looking statements
contained herein to reflect events or circumstances after the date
hereof or to reflect the occurrence of unanticipated events.
About Allstate Protection Plans
For over a decade,
Allstate Protection Plans has transformed the extended warranty
industry with service innovation and an obsessive focus on customer
experience. Today, Allstate Protection Plans is trusted by over 140
million customers in addition to major retailers and mobile
operators in North America,
Europe, Japan, and Australia. Allstate Protection Plans is a
wholly-owned subsidiary of The Allstate Corporation.
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SOURCE Arlo Technologies, Inc.