Table of Content
Keen was bought by Connect M Technology Solutions for an undisclosed sum as part of the merger. As of January 2022, the company is still in business and lifetime revenue of $2.6 million. Keen Home receives an update piece in episode 724, just one year after its first airing. They inform Robert of their increased sales in the update. He conducted a trial at his parent’s house and instantly discovered that the concept was viable.
Kevin retorts that no products have yet been sold to which Nayeem remarks that 35,000 units have been pre-sold to household giant Lowes. Users may have heard that smart vent technology is potentially detrimental to their HVAC system. Contrary to popular belief, adjusting or blocking a few vents will have no adverse effect on either furnace or air conditioner.
Keen Home in the Shark Tank:
The flood vent opening’s bottom must not exceed 12 inches above the neighboring slope. Yes, the company is still in business but is had been acquired. In 2021 the company was acquired by Connect M Technology Solution for unknown amount and hence the company net worth is unknown.
He previously served as Military Deputy Commander of U.S. He assumed his current assignment in July 2011.Keen is a native of Hyden, Kentucky. He graduated from Eastern Kentucky University in 1974 with a bachelor's degree in mathematics. He later earned a master's degree in Latin American studies from the University of Florida.
Do I need to pay for Keen Home Smart Vent?
The advance in technology means that Ryan and Nayeem are one step closer to combating the indoor air-quality issue so many people in the United States experience. The entrepreneurs are already looking into further expanding on this technology and developing a way to neutralize the odor is the air flow also. The sharks all seem to be vying for the attention of the duo before Kevin finally asks them what they are going to do. Nayeem finally concedes that they are looking for a partner who is ‘all-in’ as Robert described.
Learn more details about Keen'v's height, real name, wife, girlfriend & kids. Robert does a deal with Keen HomeThe duo leaves the shark tank incredibly happy that they have done a deal with Robert. There is no doubt that Robert will help Ryan, Nayeem and Keen Home succeed. Each enclosed space must have a minimum of two vents, each on at least two separate sides of the outside walls.
What Happened to Zinepak after the Shark Tank Pitch?
Rather than utilizing a single thermostat to regulate all the vents in your house, you may use a smartphone to control the temperature in each room and each vent. Keen Home is the brainchild of New York friends turned entrepreneurs, Ryan Fant and Nayeem Hussain. Keen Home is a series of smart air vents for people’s homes that can be operated from an app meaning you can control the temperature of your home from your cell phone. This innovative creation by the duo means that users of Keen Home can create different cool or warm zones in their homes. On the other side, when a room has an excessive amount of airflow, smart vents can assist in redirecting this surplus airflow to another room. When “standard” HVAC vents are retrofitted with Keen House smart vents, you may establish distinct heating and cooling zones around your home.
LTG Keen also studied at the Brazilian Army Command and General Staff College and the U.S. Lori asks if the product is, in essence, a thermostat. Nayeem explains that the product should be seen as a complement to an existing thermostat. It doesn’t take long for Mr. Wonderful to start asking questions about money and he wants to know just how much money he can save in a month by using the Keen Vent.
Since doing the deal with Robert in the Shark Tank, Keen Home has had great success. Since leaving the Shark Tank and partnering with Robert, both Ryan and Nayeem have done over $1.6 million dollars in sales. Since Robert invested, the duo has already begun to expand their product range and have added the Keen Home smart filter. This advance in technology in the Keen Home app allows the user to purify air flow on a room by room basis.
They demonstrate how it works and inquire as to why you should rely on a single thermostat to control the temperature in each room. They say that they may save between 10% and 30% on costs. Kevin acknowledges that the company is probably currently worth about $5 million and wants to know what is so good about Keen Home that will make him want to invest. Further to that, Mr Wonderful wants to know what is so good about Keen Home that the duo is asking for an additional $2.5 million more than the current value of the company. Ryan explains the company has been de-risked and has gone from being an idea to being a product.
The gentlemen believe it was “a touch extravagant.” Kevin concurs with Robert. Ryan entered with business partner Hussein seeking $750,000 for a 10% stake in their firm, worth $7.5 million. Through its control-oriented function, you may use its mobile app to regulate back-fitted vents in a specific room. You have the ability to regulate the temperature in the room. Nothing is more annoying for a homeowner than dealing with uncontrollable factors.
Ryan and Nayeem enter the shark tank and introduce their business, Keen Home. Ryan goes on to explain to the sharks that the duo has come to the shark tank today seeking an investment of $750,000 in return for a ten percent equity share of their company. The duo further explains that a Keen vent is a wireless smart air vent that automatically opens and closes to intelligently redirect the airflow around your home. Ryan also goes on to explain that the Keen vent is very user-friendly. One can simply remove the old vent and pace the Keen vent in its place.
Kevin asks if his electrical bill was to be $600, how much money would he actually save. Ryan explains that the average home spends $2000 a year on heating and cooling. Even if the homeowner saves ten percent, it is more energy efficient as well as financially rewarding for them. Daymond wants to know exactly how many of the Keen Vents one would have to put into their home. Ryan explains that four to six Keen Vents are enough with each vent costing $80. When a room demands a specific amount of airflow, the smart vent boosts the air pressure .
No comments:
Post a Comment