Shark Tank episode 1018 featured Haven, an electronic lock system built in a battle zone by Clay Banks and Alex Bertelli pitch.
Bernelli is a decorated Special Operations helicopter pilot awarded the Distinguished Flying Cross, the Air Medal with Valor, the Bronze Star with Valor, and the Boeing Rescue Award.
Shortly after being discharged from the military, he met Banks and created the concept he saw in Afghanistan.
Homeowners often guard their residences with steel bars placed at the top, middle, and bottom of the doors.
The deadbolt is superior to a single deadbolt located in the center of the door. This inspiration led him to create the Haven Lock, a wedge-shaped device used for securing doors from the inside.
The Haven securely fastens to your door with military-grade steel, nylon, and polycarbonate during the installation process.
The wedge rises and secures the entry when a key fob or the Haven app is used to activate it. You can use the app to unlock it for upcoming visits remotely.
Haven Locks are manufactured in Tennessee by Bertelli, which employs many veterans. They attempted to crowdfund the project in 2014 but were unsuccessful.
The Bertelli business has grown under the guidance of Banks, a business and economic development expert.
It costs $350 for the Connect model, including an app and a key fob. The Mech model costs $189, and the wedge lock is manually operated.
Bertelli and the banks are likely looking for a Shark to assist with cash flow and marketing. Will a Shark be able to close the deal on this business?
What Is Haven Lock?
Haven is a smart security system that uses artificial intelligence to keep burglars out of your home.
You can secure your door with this Bluetooth-enabled smart lock that communicates with the bottom of your door to provide powerful, dependable security.
The HAVEN lock offers a more secure alternative to the traditional deadbolt lock. The HAVEN lock requires no tools to install at the bottom of a door and is ten times stronger than an average deadbolt.
You can lock your property from anywhere, send digital keys to visitors while you are away, monitor access, log entry and exit, and perform several other tasks via the Haven mobile app.
There are two configurations of the HAVEN lock: the HAVEN mechanical lock is activated by foot, whereas the HAVEN Connect is a Bluetooth-enabled lock that can be bolted using the HAVEN mobile app.
|Company Name||Haven Lock|
|Entrepreneur||Clay Banks and Alex Bertelli|
|Product||Wedge for securing the door|
|Investment Asking For||$500,000 for 6% equity in Haven Lock|
|Final Deal||No Deal|
|Episode||Season 10 Episode 18|
|Business Status||In Business|
Who Is The Founder Of Haven Lock?
Alex Bertelli and Clay Banks co-founded HAVEN, which stands for Haven Enterprises. Bertelli, who graduated from the University of Dayton in the United States Air Force Special Operations Aviation program, served the United States as a proud representative.
He received his MBA from the University of North Carolina at Chapel Hill, and he graduated with a master’s degree in consulting from Pennsylvania State after serving in the military.
Bertelli oversees the Arrowhead Group, an economic development company, and serves as CEO of HAVEN.
Banks graduated from the University of Tennessee-Knoxville with a Bachelor of Science in Communications and Advertising.
Banks founded Pure Life Industries, a business that created ways to engage with customers through emerging technologies, before becoming COO of HAVEN.
As well as working for the Tennessee Department of Economic and Community Development, he served as the regional director.
Haven Lock Before Shark Tank
An idea can strike at any time, anywhere, or in any way. Alex Bertelli imagined the HAVEN Locks concept while flying helicopters for Army Special Operations in Iraq and Afghanistan.
In his observation, militants strengthened the doors of their homes and complexes using steel bars welded at the bottom, middle, and top.
He left the Army after serving eight years, nine deployments, and achieving several awards on his way to earning an MBA in Entrepreneurship, Innovation, and Operations from the University of North Carolina.
After meeting Clay Banks, they founded HAVEN Locks based on Alex’s ideas. Clay, who graduated from the University of Tennessee with a BS in Communications and Advertising, had already been recognized as one of Development Counselors International’s “Top 40 under 40” and was currently launching or co-founding three small businesses.
Its goal has always been to create jobs for Americans and develop dependable, high-quality products in the United States. Veteran creators and skilled local artisans create, test, and assemble Haven goods in Tennessee.
The HAVEN Lock is resistant to an ax, a boot, a battering ram, and a SWAT team if you believe they may be paying a visit to your home. This lock provides ten times more security than a deadbolt, bar, chain, or swing lock.
The lock uses an innovative wedge to protect a door against intrusion by using industrial-strength steel, nylon, and polycarbonates.
HAVEN interacts with the bottom of the door and strengthens its entire width by securing the door to its frame; other locks secure the door to the frame.
A house invasion can be neutralized by bending the locking mechanism, which absorbs the force.
Additionally, you can install it yourself. You can mark and drill the locations of the mounting screws on the included template. That is all.
A foot pedal operates the HAVEN Mech. You can lock and unlock your door using the foot pedal while in your home. You do this by pressing the right pedal.
You can unlock the lifting wedge by stepping on it. It is designed to ensure that adults cannot lock or unlock it accidentally; it is calibrated for adult use.
The HAVEN Connect features Bluetooth functionality. With a key fob or a smartphone app, you can operate the lock anywhere.
You can allow guests, deliveries, or service personnel to enter when you are not present and then lock up when they depart. Additionally, you can distribute digital keys to relatives and friends for use during their visit.
Additionally, you may lock and unlock the door using the pedals while inside the house.
The HAVEN Lockdown ensures the safety of schools and professional facilities following important rules and industry standards.
Lockdown is Bluetooth-enabled and comes equipped with all the controls it entails. Lockdown Pro detects and prevents burglaries in a single classroom or workplace.
Lockdown Pro HQ is a more sophisticated customized security system designed for an entire school campus or building. Each room is equipped with a lock linked to a central hub. The entire system can be locked down with the push of a button.
HAVEN Locks is a proud supporter of the Special Ops Warrior Foundation. Their profits are donated to the Special Operations Warrior Foundation to provide scholarships to the children and families of those killed in action, as well as emergency financial assistance to critically wounded troops.
How Was The Shark Tank Pitch Of Haven Lock?
Clay and Alex appeared on Shark Tank seeking an investment of $500,000 for a 6% equity in Haven Lock.
Alex is preparing to demonstrate how “simple” it is to kick in a door with a standard deadbolt as they recount their story.
There must have been at least a dozen times he kicked the door before it finally gave way. He persisted in his efforts as the Sharks erupted in laughter.
There are reports that the show’s organizers secured the demonstration door with a strong deadbolt.
The throw continued when he finally dropped and kicked the door open.
To ensure the safety of 100 Arkansas schools during lockdowns, the boys filled an order earlier this year.
Mark felt it was a nice idea at first glance. Even though the company has generated $250,000 in sales to date, the Sharks aren’t thrilled with the profit margins they’re seeing.
The mechanical variant, which costs $67 to make and sells for $182, is an excellent value. Bluetooth models are available for $82 and sell for $349.
Mark told Casey and Alex that they would go down in Shark Tank history even though they had no offers.
What Happened To Haven Lock After Shark Tank?
Haven lock is still in business as of 2022 despite not getting any deal on Shark Tank.
Haven Lock’s annual revenue is estimated to be somewhere above $4 million.
Haven Lock Shark Tank Update
Even though they were departing without an agreement, Have Lock did have some positive news.
Terminix worked with Haven just days before their show aired, and their locking systems will be available for their customers as a result of this partnership.
The agreement will initially apply to eleven cities, but eventually, all United States will be covered.
A worldwide broadcast of “Shark Tank Greatest of All Time Special” featured Haven Lock in February 2020.
One of the two pitches in the “Greatest Pitch Fails” category; this was the worst of the bunch. Mark described it as “the most amusing pitch he’d ever heard on Shark Tank.”
Currently, Haven Lock is still in operation, generating $4 million in revenue annually as of June 2021.
Is Haven Lock Still In Business?
Yes, Haven Lock is still in business as of February 2022.