About

Allegion provides security solutions that focus on securing doors and surrounding areas for various clients, including homeowners, businesses, and educational institutions. Their product range includes mechanical locks, electronic access control systems, and biometric scanning devices. These products work by offering different methods of access and security, from traditional key-based locks to advanced systems that use fingerprints or other biometric data for entry. Allegion stands out from competitors by combining traditional security measures with modern technology, ensuring both safety and ease of access. The company's goal is to enhance security while also adhering to environmental, social, and governance principles, aiming to positively impact communities and drive innovation in the security industry.

Simplify's Take

What believers are saying

• Acquisitions like Unicel and Krieger enhance Allegion's product offerings and market reach.
• The demand for touchless security solutions has surged post-COVID-19, benefiting Allegion.
• Allegion's LCN 6400 COMPACT Series won Best New Product at the 2022 SIA Awards.

What critics are saying

• Increased competition from emerging security tech companies may erode Allegion's market share.
• Supply chain vulnerabilities, especially in semiconductors, could impact electronic product production.
• Rapid technological advancements may outpace Allegion's innovation, risking product obsolescence.

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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