(NASDAQ:ASCMA), and is one of the largest home security alarm monitoring companies in the U.S. MONI is a subsidiary of Ascent Capital Group, Inc. Please refer to the publicly filed documents of MONI, including the most recent Forms 10-K and 10-Q for additional information about MONI and about the risks and uncertainties related to MONI’s business which may affect the statements made in this press release. These forward-looking statements speak only as of the date of this press release, and MONI expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in MONI’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. These forward-looking statements involve many risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements, including, without limitation, possible changes in market acceptance of our services, competitive issues, general market and economic conditions and changes in law and government regulations. This press release includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements about business strategies and the anticipated benefits of the trademark licensing agreement with The Brink’s Company and other matters that are not historical facts. The rollout of the BRINKS Home Security brand is expected to be complete in the second quarter of 2018. The agreement provides for an initial term of seven years and, subject to certain conditions, allows for subsequent renewal periods whereby MONI can extend the agreement beyond 20 years. MONI expects to pay first-year royalties of approximately $5 million. MONI will pay Brink’s customary licensing fees and minimum and growth-based royalties that will increase overtime as the BRINKS Home Security brand is reintroduced. Under the terms of the agreement, MONI will have exclusive use of the BRINKS and BRINKS Home Security trademarks related to the residential smart home and home security categories in the U.S and Canada. Our agreement with MONI brings our iconic brand back to the forefront in the home security market in a way that is mutually beneficial for both companies and provides consumers with a single, compelling source for their home security needs,” said Doug Pertz, CEO of The Brink’s Company. “For over 150 years, BRINKS has been synonymous with trust, safety and security. This is truly an exciting opportunity for our dealers, customers, employees and investors.” The BRINKS name provides us with a more dynamic growth profile and strengthens MONI’s position as a leader in the growing smart-home security market.
“Through this agreement with BRINKS, we will go to market with the #2 nationally recognized home security brand that symbolizes strength, security and, most importantly, trust.
“A strong brand is critical in the new era of the smart-home,” said Jeff Gardner, MONI’s President and CEO. (“Ascent”) (Nasdaq:ASCMA), today announced an exclusive, long-term, trademark licensing agreement with The Brink’s Company (NYSE:BCO), which will result in a complete rebranding of MONI and LiveWatch as BRINKS Home Security. 26, 2018 (GLOBE NEWSWIRE) - MONI Smart Security, a subsidiary of Ascent Capital Group, Inc.