Fire Avert is a fire prevention device that plugs into your kitchen stove. Through smoke alarm sound detection, FireAvert can turn the stove off before the stove catches on fire. (Electric stoves are the #1 cause of home fires.) The inventor of Fire Avert, firefighter/paramedic Peter Thorpe of Provo City, Utah, pitched his business on Shark Tank in January 2016. He went into the Tank seeking a $300,000 investment in exchange for seven percent equity. He made a deal with Lori Greiner — $300,000 for a 10 percent royalty to $400,000, with 10 percent equity.
Since Shark Tank, Thorpe has developed two new Fire Avert products — one for 110V outlets, the other for gas stoves. The Fire Avert team has also been busy promoting and installing hundreds of Fire Averts in apartment buildings, senior housing developments, and multi-family homes. [27 Favorite Shark Tank Products at Amazon — New List]