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    LTCH   US51818V1061

LATCH, INC.

(LTCH)
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Latch : Announces the Latch M2, the Latest Access Device in Our Growing Ecosystem

08/20/2021 | 10:14am EST

We're excited to announce the Latch M2, our newest mortise lock that's built for every door. Designed to be easy to install without any added infrastructure, all of the required hardware is built right into the device itself. That way, more buildings of all shapes and sizes can experience LatchOS, our full-building operating system of software, products, and services.

'First, we started with access. But we didn't stop there,' said Latch Co-Founder and CEO Luke Schoenfelder. 'We are always innovating and looking to improve our products for our customers to deliver them the best possible solution for managing their spaces. With the Latch M2, we've done just that.'

The Latch M2 is the latest industry-leading device in our growing ecosystem of access products. Designed to connect more people to the endless capabilities of LatchOS, the M2 is the gateway to all five LatchOS modules, including smart access, guest and delivery management, smart home, connectivity, and personalization & services.

The M2 also helps to simplify and streamline building operations, making management simpler for staff. The easy-to-install device doesn't require any costly additional infrastructure like wiring, hubs, or routers, and thanks to a two-year battery life and faster upgrade times, building staff can save time to focus on other tasks instead of worrying about monitoring the devices. They'll also have access to Latch's enterprise management platform, Latch Manager, which allows them to easily grant and revoke access for residents, oversee smart home devices in vacant units, and share access with trusted visitors, like vendors and delivery providers. The M2 is also available in both Latch black and satin chrome finishes to ensure a unified look across all of the building's hardware.

Like all Latch devices, the M2 can be unlocked several convenient ways, including with the Latch App on Apple Watch or smartphone, a doorcode, and with physical credentials like a keycard. Similar to the Latch C2, the Latch M2 also has our Inductive Jumpstart™ feature that ensures that the M2 can always be unlocked. Even if the batteries die, the lock can be opened using Qi-compatible power sharing from a smartphone or external battery pack. That way, residents can always access their space.

Alongside the mortise body, the Latch Lens is the brains of the M2. Featuring a numeric display for entering a doorcode, back and enter buttons, and faster upgrade times, the M2 is built with the latest version of our lens, using 39% less plastic and producing 44% less e-waste than its predecessors for a more eco-friendly approach to smart access.

The Latch M2 is available starting today. Contact our Sales team to learn more about Latch for your building.

Disclaimer

Latch Inc. published this content on 20 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 August 2021 14:13:02 UTC.


ę Publicnow 2021
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Financials (USD)
Sales 2021 40,2 M - -
Net income 2021 -154 M - -
Net cash 2021 310 M - -
P/E ratio 2021 -3,95x
Yield 2021 -
Capitalization 875 M 875 M -
EV / Sales 2021 14,0x
EV / Sales 2022 4,73x
Nbr of Employees 214
Free-Float -
Chart LATCH, INC.
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Technical analysis trends LATCH, INC.
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TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
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Mean consensus OUTPERFORM
Number of Analysts 9
Last Close Price 6,15 $
Average target price 11,21 $
Spread / Average Target 82,3%
EPS Revisions
Managers and Directors
Luke Schoenfelder Chairman & Chief Executive Officer
Garth Mitchell Chief Financial Officer & Treasurer
Michael Brain Jones Chief Technology Officer
Ali Hussain Chief Operating Officer
Robert Jeffrey Speyer Independent Director
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