Assa Abloy reduces power usage on new Magnalock by 80%
Assa Abloy, the world’s biggest lock maker, has a reputation for keeping its customers safe. Now, it wants to look after the planet too. The company’s latest innovation, the Securitron M680E Series Magnalock (an electric lock from its Electronic Security Hardware division) uses 80% less energy than its previous iteration. Not only is the new hardware more eco-friendly, but it’s also a step up in regards to security: it has an increased holding strength of 1,200 lbs.
Assa Abloy’s share price has appreciated by 8% so far this year
SOURCE: Yahoo Finance
David Corbin, a senior product manager at Assa Abloy, described the new lock, saying:
“Our team is constantly looking for new ways to take our products to the next level. We knew it was important for the next iteration of the Securitron M680 series to be stronger as well as eco-friendly. Throughout the design phase we worked to ensure that every feature would add something to the series, even going as far as considering throw-away items like using biodegradable cornstarch in the packaging. The result was a lock with great benefits for architects, installers and integrators.”
The trend towards environmental responsibility is popular amongst consumers, but more than that, it makes for good design. As companies continue to become more efficient, those who can do the most with the least, creating better, more environmentally friendly, products, will be the outperformers.
Dominion holds Assa Abloy in its Global Trends Managed Fund.
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