Business

MarketWatch: Assa Abloy profit edges higher on new products Sweden’s Assa Abloy AB (ASSA-B.SK) said Thursday that first-quarter net profit rose following growth in all of its regions and business units.”New products contributed strongly, with high demand for electromechanical locks and for access-control solutions,” said newly-installed Chief Executive Nico Delvaux. [READ MORE]
The Wall Street Transcript: Allegion Reports First-Quarter 2018 Financial Results Allegion plc (NYSE: ALLE), a leading global provider of security products and solutions, today reported first-quarter 2018 net revenues of $613.1 million and net earnings of $72.2 million, or $0.75 per share. Excluding charges related to restructuring and acquisitions, adjusted net earnings were $76.6 million, or $0.80 per share, up 9.6 percent when compared with first-quarter 2017 adjusted EPS of $0.73. [READ MORE]

Case Study

Vision by VingCard Hack.

ZDNet: Hackers built a ‘master key’ for millions of hotel rooms Security researchers have built a master key that exploits a design flaw in a popular and widely used hotel electronic lock system, allowing unfettered access to every room in the building. The electronic lock system, known as Vision by VingCard and built by Swedish lock manufacturer Assa Abloy, is used in more than 42,000 properties in 166 countries, amounting to millions of hotel rooms — as well as garages and storage units. [READ MORE]

Business Wire: Pelco and IBM Combine Powerful Camera and Video Management Systems Technology with Intelligent Video Analytics Pelco™ by Schneider Electric, a global leader in surveillance and security, today announced a technology alliance with IBM, the global technology company and leader in the field of Artificial Intelligence (AI), to create “Pelco Analytics Powered by IBM.” The collaboration seamlessly integrates IBM’s deep learning analytics into Pelco’s video management system (VMS), leveraging data from video footage to quickly identify and respond to potential risks or opportunities. [READ MORE]