Overview

Allegion provides security solutions that focus on securing doors and surrounding areas. Their product range includes mechanical locks, electronic access control systems, and biometric scanning devices, catering to various clients such as homeowners, businesses, and educational institutions. Allegion's products work by offering different methods of access control, from traditional keys to advanced biometric identification, ensuring safety and convenience for users. What sets Allegion apart from its competitors is its commitment to integrating new technologies into its security solutions while adhering to environmental, social, and governance principles. The company's goal is to enhance safety and accessibility in communities while driving innovation in the security industry.

Simplify's Take

What believers are saying

• Allegion's acquisitions expand its product offerings and manufacturing capabilities.
• The rise of smart cities increases demand for integrated security solutions.
• Growing demand for touchless access control systems boosts Allegion's market potential.

What critics are saying

• Increased competition from startups may threaten Allegion's market share.
• Supply chain vulnerabilities could disrupt production and delivery schedules.
• Rapid technological advancements may outpace Allegion's R&D capabilities.

What makes Allegion unique

• Allegion offers a diverse portfolio of mechanical and electronic security products.
• The company operates in 120 countries under 23 brands, including Schlage and Von Duprin.
• Allegion integrates ESG principles, focusing on innovation and community impact.

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