WEBVTT

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>>GERRY: IT'S TIME NOW TO GO
INSIDE INNOVATION... ALLEGION
VENTURES HAS ADDED MORE
INNOVATIVE COMPANIES TO ITS

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INVESTMENT PORTFOLIO:
BOSTON-BASED HQO, ROBIN POWERED
INC. AND PINDROP.
I'M PLEASED TO WELCOME BACK TO

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THE SHOW ALLEGION VENTURES
PRESIDENT ROB MARTENS WITH
DETAILS ON THE NEW ADDITIONS AND
TECH TRENDS AND OPPORTUNITIES

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HE'S SEEING IN INDIANA.
IS ALWAYS WELCOME TO THE
PROGRAM.
>>: THANK YOU FOR HAVING ME.

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>>: YOU ARE THE VENTURE CAPITAL
ARM OF ALLEGION PLC EIGHT
MULTIBILLION-DOLLAR GLOBAL
SECURITY COMPANY THAT CAN EXPECT

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TO INGERSOLL-RAND DAYS.
>>: MANUFACTURING IN THE AREA
FOR OVER 100 YEARS SO
[INAUDIBLE]

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>>: YOU ARE ROUGHLY TWO YEARS
OLD.
>>: MARCH 2018.
>>: THE IDF 50 MILLION-DOLLAR

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FUN YOU LAUNCHED IT WITH AN
AMBITIOUS IDEA TO GO OUT AND
REALLY SEEK OUT SOME INNOVATIVE
COMPANIES.

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>>: A FUND FOUNDED BY OUR CEO,
CHAIRMAN AND PRESIDENT A REAL
FOCUS ON DISCOVERY, IT MAY BE A
LITTLE DIFFERENT THAN YOUR

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TYPICAL CORPORATE VENTURE FUND.
REALLY ABOUT CONNECTING OUR
EMPLOYEES WITH ENTREPRENEURS AND
BELIEVING IF WE FIND THE RIGHT

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CONNECTION THAT WILL TURN OUT TO
BE A GREAT FINANCIAL
RELATIONSHIP.
>>: AS WE MENTIONED YOU

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00:01:19.846 --> 00:01:25.819
RECENTLY ADDED THREE FUNDS TO
YOUR INVESTMENT PORTFOLIO.
>>: YES.
WE ACTUALLY ADDED THREE.

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ONE BASED OUT OF GEORGIA CALLED
PIN DROP WHICH IS A WASTE
AUTHENTICATION SOLUTION WHERE
THEY CAN FOCUS IN ON PROVIDING A

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LITTLE BIT BETTER CUSTOMER
EXPERIENCE IF YOU ARE WELL.
INSTEAD OF SMOCK -- TALKING TO
YOUR VOICE ASSISTED TO OPEN A

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DOOR AND HAVE YOU ASK FOR A PIN
NUMBER IT CAN IDENTIFY WHO YOU
ARE.
THIS HAS HISTORICALLY BEEN USED

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IN CONTACT CENTERS AND THINGS
LIKE THAT, BUT WE FOUND A WAY TO
BRING THAT INTO THE SECURITY
SPACE.

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>>: THESE THREE FIRMS YOU ARE
INVESTING IN, WE WERE TALKING OF
CAMERA USE AT THIS PIPELINE,
INVESTMENT PIPELINE IS ROBUST.

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>>: VERY ROBUST.
WE SEE AN INCREDIBLE AMOUNT OF
INNOVATION IN THE I.T. SPACE.
LOTS OF DIGITAL AND PHYSICAL

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CONVERGENCE, WHICH CREATES TONS
OF OPPORTUNITIES IN THE MARKET.
>>: IN TERMS OF OR IN ADDITION
TO YOUR ROLE'S PRESIDENT YOU ARE

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ALSO A FUTURIST FOR THE PARENT
COMPANY, IF YOU WILL.
YOU TALKED ABOUT IOT.
YOU SEE THAT IN INDIANA AS

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SOMETHING WITH PHENOMENAL
POTENTIAL.
>>: ABSOLUTELY.
THE INTERNET OF THINGS OR IOT OR

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SOMETIMES YOU MIGHT HEAR
INDUSTRIAL IOT IS RIGHT IN THE
SWEET SPOT FOR A STATE LIKE
INDIANA.

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WE HAVE PEOPLE WHO REALLY
UNDERSTAND HOW TO BUILD PHYSICAL
THINGS AND THEY BUILD THEM WELL.
WHEN WE START TO MERGE SOFTWARE,

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DIGITAL TECHNOLOGY AND HARDTACK,
SOMETIMES THE WATER GETS A
LITTLE FROTHY, BUT WITH THE HELP
OF COMPANIES AND PARTNERS,

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PEOPLE LIKE IL-4 THAT ARE
INTRODUCING SOFTWARE IN THE
COMMUNITY ENTITIES LIKE TECH
POINT WE START TO SEE A

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CONVERGENCE OF PEOPLE WHO
UNDERSTAND THE APPS SIDE, BUT
ALSO THE BRAINS, THE EMBEDDED
SOFTWARE THAT ALLOWS THOSE TWO

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THINGS THE APP AND THE HARDWARE
TO WORK TOGETHER AND IN OUR CASE
THAT DELIVERS WHAT WE CONSIDER
TO BE A MORE SEAMLESS ACCESS.

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>>: A FUTURIST AT ALLEGION AND