Shelly Group (SLYG) Investor update summary

Product and platform development

• Nearly all promises from two years ago have been delivered, with remaining features set for release within the next two months.

• New product categories include smart walls, smart cameras, monitoring/security devices, connected protection (automatic breakers), and HVAC system controls.

• Smart cameras are in mass production, with final software touches being added for enhanced customer experience.

• Shelly X technology is now embedded in various third-party appliances, reflecting strong market demand.

• The Shelly Fleet Manager platform was developed to provide comprehensive hardware and software solutions for diverse customer needs.

Software and premium services

• Premium application subscriptions are growing, with cloud expenses now fully covered by premium customers.

• Premium features are being bundled with new camera products, expected to drive significant revenue growth.

• The Fleet Manager platform enables businesses to manage devices, collect data, and build custom interfaces, with ongoing improvements based on beta tester feedback.

• The platform supports both cloud and local installations, catering to customers with varying security and operational needs.

Use cases and customer applications

• Shelly devices and Fleet Manager are used in homes, hotels, municipalities, retail stores, PV plants, and data centers for automation, monitoring, and energy management.

• Real-time, detailed energy consumption analytics are available to all users, with advanced AI-driven features for premium customers.

• Fleet Manager enables tailored solutions for city lighting, multi-location retail, building management, container storage, and food chain operations.

• Third-party integrators are empowered to build custom solutions using open APIs and documentation.