Assa Abloy pushes further into smart locks with Z-Wave Alliance leadership role
Global door and lock security market leader Assa Abloy is pushing further into smart lock technology with a leadership position at the Z-Wave Alliance. The Z-Wave alliance is a consortium of leading companies in the home technology space, dedicated to furthering Z-Wave (the world’s leading wireless home control technology) technology on the market.
Assa Abloy will join the consortium’s board of directors after years of cooperation and shared goals. This is a step forward for Assa Abloy’s strategic plans to master smart security devices, which are expected to grow alongside smart home adoption and the Internet of Things.
Mitchell Klein, the Z-Wave Alliance’s executive director, said: “ASSA ABLOY was already a leader in the smart lock industry and is clearly making moves to become a global force in smart security and connected access control. The entire Alliance will benefit from ASSA ABLOY’s contribution to the Board of Directors and leadership in the future.”
Assa Abloy owns many of the world’s most recognizable security brands, including Yale, Mul-T-Lock and ABLOY. It provides a complete range of door locking products, solutions and services for the institutional, commercial and consumer markets. Some of those solutions include Z-Wave technology, and the company recently deepened its commitment with the acquisition of August Home, another Alliance member and manufacturer of Z-Wave smart locks.
Kevin Kraus, the director for technology and Integration Support at Yale Residential (a unit of Assa Abloy Americas) said: “We have strongly supported Z-Wave through our Yale smart locks and plan to play an even bigger role as a decision maker in the growing Z-Wave Alliance. As a Board member, we want to help in developing global Z-Wave product requirements as we build out our smart lock offerings in various regions around the world.”
Dominion holds Assa Abloy in its Global Trends Managed Fund.
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