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Scout Security Ltd. ( (AU:SCT) ) has issued an announcement.
Scout Security has signed a Master Services Agreement and Statement of Work with global insurtech firm Bolt Solutions to supply white-labelled water sensor kits for deployment through Bolt’s Prevention Technology program across multiple U.S. states, including California and Florida. The deal includes an initial hardware order and a prepaid deposit for non-recurring engineering, and is expected to generate both upfront hardware sales and recurring subscription revenue from monitoring and service fees once sales begin in early Q1 2026. The partnership is presented as early commercial validation of Scout’s acquisition of Roo Inc., leveraging Roo’s insurance-sector relationships and Scout’s white-label platform to enter the high-growth insurtech segment with a scalable channel for water damage prevention, potentially extending across Bolt’s wider affiliate network and positioning Scout more firmly in risk-mitigation solutions for insurers and policyholders.
More about Scout Security Ltd.
Scout Security Ltd. is an ASX-listed Security-as-a-Service platform provider that offers white-label security solutions, including connected hardware and cloud-based monitoring services. The company focuses on partnering with enterprises to embed its technology into broader offerings, and is expanding into the fast-growing insurtech market through device-based risk mitigation products such as water sensor kits.
Technical Sentiment Signal: Sell
Current Market Cap: A$1.63M
Learn more about SCT stock on TipRanks’ Stock Analysis page.