Assa Abloy introduces “Intelligent Keys” certification program
Select language to see a machine translation of this article. The original language of the Article is English and the translation is provided for your convenience.

Assa Abloy introduces “Intelligent Keys” certification program

The world’s biggest lock maker, Assa Abloy, is introducing a new “Intelligent Keys” certification program as it pushes further into connectivity, a trend it says will revolutionise the security market. The company’s Intelligent Key Solutions will provide “affordable, easy-to-install, full-featured access control options, while also delivering a recurring revenue model for integration businesses,” according to a company announcement.

Assa Abloy’s share price is up by 4% so far this year

graph 1604 assaabloy

 

SOURCE: Yahoo Finance

The concept is simple: take the security capabilities previously available to only the largest companies, and make them available to all businesses. That means things like monitoring, scheduling, changing, revoking and updating security privileges and audit openings in the same way traditional electronic systems do, but at a fraction of the cost. The key to providing these capabilities? Economies of scale and technological advancements.

Chris Villarreal, Intelligent Key business development manager for the systems integrator channel at Assa Abloy, said: "Cloud services have become an integral part of the way we do business, and we can leverage the power of secure cloud-based subscription services to change the way that we manage access control. Today's security integrators are leveraging this innovative technology to deliver flexible, cost-effective solutions to help customers increase security, accountability and compliance on every opening."

Intelligent Key systems take just minutes to install, and have proven value to businesses that want greater control and information over their security. Assa Abloy is hoping innovations like this will continue to drive the business in a more modern, more connected, world. Villarreal says:

"Intelligent keys deliver a very economical way to control access, achieve compliance, easily retrofit onto any opening, and provide powerful data analytics and reporting. They're ideal for a number of applications that require the ability to quickly and easily manage access rights and obtain audit trails, including retail, critical infrastructure and utilities, healthcare, and education environments."

Disclosure

Dominion holds Assa Abloy in its Global Trends Managed Fund.


If you would you like to receive the Newsfeeds daily, please click here to sign up now!

Help us make this Newsfeed better by rating this article. 1 star = Poor and 5 stars = Excellent
0.0/5 rating (0 votes)

Disclaimer
The views expressed in this article are those of the author at the date of publication and not necessarily those of Dominion Fund Management Limited. The content of this article is not intended as investment advice and will not be updated after publication. Images, video, quotations from literature and any such material which may be subject to copyright is reproduced in whole or in part in this article on the basis of Fair use as applied to news reporting and journalistic comment on events.