Overview

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 securing access, from traditional key-based locks to advanced systems that use fingerprints or other biometric data for entry. Allegion stands out from its competitors by combining a wide variety of security products with a commitment to environmental and social responsibility, ensuring that their solutions not only enhance safety but also positively impact communities. The company's goal is to drive innovation in security technology while maintaining a focus on sustainability and community engagement.

Simplify's Take

What believers are saying

• Allegion's acquisitions expand its product offerings and manufacturing capabilities.
• The demand for touchless access control systems has surged post-pandemic.
• Integration of IoT in security solutions enhances user convenience and security.

What critics are saying

• Increased competition from startups could erode Allegion's market share.
• Supply chain vulnerabilities may impact production of electronic security products.
• Rapid technological advancements may outstrip Allegion's ability to integrate new technologies.

What makes Allegion unique

• Allegion offers a comprehensive 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 eco-friendly and energy-efficient security solutions.

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