Allegion plc ALLE reported disappointing results for second-quarter 2019, wherein adjusted earnings and revenues lagged the Zacks Consensus Estimate. [Read More via NASDAQ]
Assa Abloy (ASSAb.ST), the world’s biggest lock maker, reported a 28% jump in quarterly profit as savings and price hikes offset higher raw material costs but said uncertainty had increased in some markets such as Brazil, Mexico and Britain. [Read More via Reuters]
Yesterday, congresswomen Ayanna Pressley (MA-07), Yvette D. Clarke (NY-09) and Rashida Tlaib (MI-13) announced legislation that would prohibit the use of biometric recognition technology in most public and assisted housing units funded by the Department of Housing and Urban Development (HUD), with the goal of protecting tenants from “biased surveillance technology,” according to a press release from Pressley. Currently, more than two million residents live in public housing nationwide. This is the first federal legislation restricting biometric technology for use on tenants. [Read More via SDM Magazine]
Proprietary systems, closed operating platforms and integrations that require extensive software reprogramming or modifications are finally falling out of favor in the physical security industry. A new horizon based on network-connected and IP-based products is in sight, with the promise of leveraging billions of devices soon. The digital transformation is here, and an industry that embraces and plans for seamless connectivity will be well-poised to take advantage of this rapidly changing landscape. [Read More via Security Info Watch]
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Waynes Lock Shop has announced an upcoming webinar detailing continuous hinge installation. The webinar will take place on Thursday, August 8th and begin at 6:00 PM EST/5:00 PM CST/4:00 PM MST/3:00 PM EST. We will share additional information for this webinar tomorrow.
The Alabama Locksmith Association has released a few details for their 2020 Annual Trade Show. The show will take place Saturday, March 14th at the Pelham Holiday Inn Express & Suites in Pelham, Alabama. Announced vendors include Jet, Midwest, LAB, Olympus Lock, Trine, Command Access, Transponder Island, and Klassey Keys with more to come. For more information, please visit the Alabama Locksmith Association’s website.
Friday, August 2nd – Saturday, August 3rd – North Carolina Locksmiths Association, Inc. Quarterly Meeting (Hickory, NC)
Saturday, August 3rd – Jason/SE Lock and Key’s Saturday Morning Live Stream.
For more events like this, please visit our Events page.