GaragedoorLock®

Challenge: After receiving the financial and advisory backing of Shark Daymond John on the hit ABC/CNBC series Shark Tank; Elocksys company owners faced the challenge of cost-effectively brigning their remote-control deadbolt garage door lock to market. Initially, producing their product locally led to higher costs than what consumers typically pay for a garage door opener. Despite aiming for a small profit margin, their price point remained too high for widespread appeal and to meet the growth expectations set by the Shark. Recognizing the need for a strategic partner with expertise in garage doors, garage door locks, operators, electronics, and radio control design and manufacturing, they understood this partnership would be crucial for the project's success.

Solution: A network connection introduced Elocksys to Guardian ownership in California, leading to discussions about the project's requirements and requirements and constraints. A strong alignment between Elocksys' needs and Guardian's capabilities was quickly identified. Product requirements were conveyed to Guardian's engineering team. The original design of the Elocksys Garage Door Lock underwent value engineering: electronics were redesigned, components were sourced and retooled as needed, and assembly was simplified. By manufacturing the majority of components and tooling at the Guardian factory, a significant 60% cost reduction was achieved, surpassing the owners expectations. Moreover, an enhancement in reliability is expected as a result of these improvements.

Visit www.the-garage-door-lock.com for more information.