Malvern, PA, July 09, 2019 3SI is pleased to announce an exclusive distribution agreement with Avante Logixx Inc. (XX.V), the parent company of multiple leading security businesses, for residential security system applications in Canada.
Under the Agreement, Avante will offer 3SI’s advanced asset protection and recovery technology to residential clients looking to safeguard high-end assets. 3SI’s GPS tracking systems are industry-leading and widely deployed in retail and financial institutions throughout the world. The Agreement gives Avante the exclusive rights to 3SI’s product line within the Canadian residential market, and solidifies Avante’s position as the foremost technology-enabled security solution provider.
“Today marks the beginning of an exciting strategic partnership as we announce the exclusive right to sell, service and market 3SI’s advanced tracking technology. Adding a new variety of technologies to our security offerings will provide another step towards creating a safer world,” said Craig Campbell, CEO, Avante Logixx Inc. “Our team is very excited to leverage the synergies offered by our organizations and increase market share for our brands, our clients, and our shareholders.”
“3SI is pleased at the opportunity to enter the high-end residential security market,” said Todd Leggett, CEO of 3SI Security Systems. “We are confident that Avante Logixx will be an excellent channel partner. Our technology is the perfect fit in this space and we see great potential with this agreement.”
The Agreement between 3SI and Avante is effective immediately and product integration is targeted for market release within 90 days.
About Avante Logixx
Avante Logixx Inc. is a Toronto-based provider of technology enabled security solutions. We acquire, manage, and build leading businesses which provide specialized, mission-critical solutions that address the needs of our customers. Our businesses continuously develop innovative solutions that enable our customers to achieve their objectives. With an experienced team and a proven track record of solid growth, we are taking steps to establish a broad portfolio of security businesses to provide our customers and shareholders with exceptional returns. For more information, please visit their website.