Allegion Launches Schlage XE360™ Series Wireless Locks for Multifamily Applications
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Insights
The introduction of the Schlage® XE360™ Series Wireless Locks by Allegion US represents a strategic move in the competitive landscape of security products for the multifamily market. The multifamily housing sector is a substantial portion of the real estate market and investments in enhanced security features can be a differentiator for property owners. The focus on design and technology at a competitive price point could potentially lead to increased market share for Allegion, as these factors are significant in the decision-making process for property developers and managers.
The integration with both Allegion and third-party access control software indicates a trend towards interoperability in the security industry, which could lead to broader adoption of Allegion's products. This could have a positive effect on the company's revenue streams and potentially on its stock performance, as investors often look favorably upon companies that demonstrate innovation and market adaptability.
Allegion's emphasis on advanced encryption and support for the latest mobile credential technologies, such as MIFARE®, Bluetooth® and NFC mobile, is a significant development in the realm of cybersecurity for access control systems. The growing concern for digital security in the Internet of Things (IoT) era makes these features increasingly relevant. As security breaches can lead to significant financial and reputational damage, Allegion's focus on robust security measures could improve customer trust and loyalty, which is critical for maintaining and growing a customer base in the tech-driven security market.
The FleX Module™ board technology that allows the XE360 Series locks to be upgraded in the field is a noteworthy innovation. This future-ready approach not only extends the product lifecycle but also aligns with the growing demand for sustainable and adaptable technologies. The ability to migrate from an offline to a networked solution without replacing the entire lock system could reduce costs for property owners and appeal to environmentally conscious stakeholders by minimizing waste. This forward-thinking strategy may enhance Allegion's reputation as an innovator and could contribute to long-term customer retention and market growth.
Electronic Lock Portfolio Enables Stronger Security and Increased Productivity
The XE360 Series is the next generation of innovative electronic locks from Schlage, outfitted with the options and features most looked for by multifamily properties and made to fit the needs of a wide range of common area openings. With in-demand finishes and modern lever styles, the XE360 Series was designed to complement a variety of design styles. It operates in an offline or No-Tour environment, which eliminates the need for property managers to visit the lock as credentials update the access rights.
"Designed specifically for the multifamily market and backed by Schlage's legacy of trust and innovation, the XE360 Series is a versatile and affordable solution to create safe and secure communities for residents and enhance the multifamily living experience," said Brian Telljohann, Director of Product Management, Commercial Electronics at Allegion. "A strategic evolution of our multifamily ecosystem, the XE360 Series seamlessly integrates with Schlage Control® mobile-enabled smart locks and features applications across the entire building, which allows multifamily operators to leverage a single access control and management solution without compromising security and design."
Freedom of Choice
Integrated with Allegion and third-party access control software providers and proptech systems, the XE360 Series' open architecture design provides property owners and operators the flexibility to choose between management systems and delivers a convenient and secure experience for residents.
Leading Credential Technologies
The trend of mobile access control is increasing in popularity for apartment selection. According to Allegion's 2023 Multifamily Living Trends Report, over
Design-Forward Aesthetic
The Schlage XE360 boasts a next level design that provides property owners with a seamless aesthetic across all openings regardless of the type of door and required lock installation. Thoughtfully engineered, the uniquely concealed key override maintains the sleek look of the lock on the door, providing residents with a modern design without compromising peace of mind.
Future-Ready Connectivity
The new and innovative FleX Module™ board allows the XE360 Series locks to be easily upgraded in the field to allow migration from an offline to networked solution and adapt to emerging trends in security and connectivity as the building's needs or technology change.
"As the multifamily market continues to evolve, the XE360 Series equips property owners and managers with a curated set of features designed to simplify access control, thoughtful designs and finishes to complement today's aesthetics, and the power to choose software that meet the needs of their building," said Telljohann.
The XE360 Series builds upon Schlage's multifamily electronic access control ecosystem, including Schlage Control smart locks, designed specifically for multifamily resident doors. Property owners can now outfit all openings – including main entrances, resident entrances, paths of egress, common areas and workspaces – with a one system solution.
Learn more about the XE360 Series at commercial.schlage.com and explore educational multifamily resources here.
About Allegion™
Allegion (NYSE: ALLE) is a global pioneer in seamless access, with leading brands like CISA®, Interflex®, LCN®, Schlage®, SimonsVoss® and Von Duprin®. Focusing on security around the door and adjacent areas, Allegion secures people and assets with a range of solutions for homes, businesses, schools, and institutions. For more, visit www.allegion.com.
ALLEGION, XE360, FleX Module and SCHLAGE CONTROL are trademarks of Schlage Lock Company LLC. All other marks are the property of their respective owners.
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SOURCE Allegion US
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