Garage Door Lock Shark Tank Update

The sharks all agreed there was a serious need for this product and were shocked to learn how easy it is to enter a home through the garage door.

Garage door lock shark tank update. Elocksys company owners were presented with the challenge of cost effectively bringing their remote control dead bolt garage door lock to market. Garage door lock shark tank update. In spite of bryan s success in landing a deal with daymond john the garage door lock does not appear to have achieved the licensing deal john had hoped for. Link to product on amazon https amzn to 2ldjtx7 get a free stock up to 250 by signing up to robin hood start in.

Guardian reported that it redesigned the electronics resourced components and simplified the assembly of. One thing makes me wonder why white is in the shark tank with this product. With an initial production run of product tooled and manufactured locally their product cost was greater than the price a. If for any reason you forget to close the garage door whether coming or going the elocksys will take over and automatically close and lock itself back up.

E lock system before shark tank update. Daymond offered the 275 for 40 contingent on getting a licensing deal. One of the feature s i really like about this garage door lock is it makes your automatic door smart. The website is still active allowing customers to order a garage door lock but the social media accounts went silent as of 2014.

The lock is constructed of military grade steel and nylon and industrial strength polycarbonates and uses a simple but uniquely designed wedge to protect a door from intrusion. Feel free to comment share and subscribe. The elocksys garage door opener sells at sears. This aint no start up.

Garage door lock by elocksys went into the shark tank asking for 275k for 30 equity. Other locks secure the door to the frame. Robert offered 275 for an astonishing 70. After shark tank garage door lock teamed up with california lock manufacturer guardian.

Depending on who you believe the company does anywhere from 1 million to 5 million in annual sales. After receiving the financial and advisory backing of shark daymond john on the hit abc cnbc series shark tank.