The product's name is DOOR LINQ. We are not settled on whether it is one word or two, nor are we settled on uppercase/lowercase. We are open to artistic suggestion.
We prefer that the logo contain colors, but it must also translate to one-color (black/white with no shades of gray) for product printing.
I have attached a sample of something I came up with, but I am looking for something more professional.
For deliverables, we would require the final logo in JPG format as well as PSD/AI format so we can make some tweaks if needed.
NOTE: While it's perfectly fine for a door to be in the logo, that should not be the only element. The reasoning is that we are really selling a piece of hardware that goes by your door, and not an actual door. If you decide to incorporate a door, there should be some sort of other element that represents video, technology, security, streaming, or something like that.