Allegion Launches Schlage XE360(TM) Series Wireless Locks for Multifamily Applications

Rhea-AI Summary

Allegion (NYSE: ALLE) has introduced the Schlage XE360 Series Wireless Locks, tailored for the multifamily market. These new electronic locks offer modern styles and essential features at a competitive price. The XE360 series supports leading mobile credential technologies, such as MIFARE, Bluetooth, and NFC, providing secure and convenient access for residents. Designed for offline or No-Tour environments, these locks eliminate the need for property managers to physically update access rights. The XE360 Series integrates seamlessly with Schlage Control smart locks and various access control systems, allowing for a unified management solution across all building openings. The innovative FleX Module board ensures future-ready connectivity, enabling easy upgrades from offline to networked solutions as technology evolves.

Positive

• Introduction of XE360 Series Wireless Locks designed specifically for the multifamily market.
• Supports leading mobile credential technologies such as MIFARE, Bluetooth, and NFC.
• Eliminates physical access updates with No-Tour environment capabilities.
• Seamless integration with Schlage Control smart locks and third-party access control systems.
• Innovative FleX Module board allows easy upgrades and future-ready connectivity.
• Modern design with concealed key override maintains aesthetic appeal.

Negative

• Potential high initial cost for property owners to implement the new XE360 Series.
• Dependence on mobile credential technologies may exclude non-tech-savvy residents.
• Integration with third-party systems could pose compatibility issues.

Insights

Tech Expert

The launch of the Schlage XE360 Series Wireless Locks offers a substantial technological advancement for the multifamily housing market. One of the significant features includes the ability to operate in an offline or No-Tour environment, eliminating the need for property managers to physically visit the lock for access rights updates. This enhances operational efficiency and reduces labor costs, which can be attractive for property owners and managers.

Moreover, the support for leading credential technologies like MIFARE, Bluetooth and NFC mobile is particularly noteworthy. This aligns with the growing trend of mobile access control and meets the increasing demand for technological convenience among residents. The ability to integrate with third-party access control software and proptech systems reflects Allegion's commitment to offering flexible and future-ready solutions. The FleX Module, which allows for field upgrades, further ensures that the product can adapt to evolving security needs and technology trends, adding to its long-term value proposition.

From a tech perspective, the product's development appears aligned with industry trends and consumer preferences, which could potentially drive strong adoption rates.

Market Research Analyst

The multifamily housing market has been increasingly focusing on technological upgrades and enhanced security measures to attract and retain residents. The introduction of the Schlage XE360 Series aligns well with this trend. The product's emphasis on modern design, seamless integration with existing systems and flexibility in access control options addresses key pain points in the market.

According to Allegion's 2023 Multifamily Living Trends Report, over 59% of respondents indicated a preference for mobile device access. This statistic highlights a significant market demand that the XE360 Series aims to meet. By catering to this demand, Allegion is positioned to gain a competitive edge in the multifamily sector.

Another important aspect is the attractive price point mentioned, which could make these advanced features accessible to a broader range of properties, from luxury apartments to more affordable housing complexes. This could expand Allegion's market reach and potentially lead to increased market share.

Mississauga, Ontario--(Newsfile Corp. - May 29, 2024) - Allegion (NYSE: ALLE), a leading security products and solutions provider, has introduced the Schlage^® XE360™ Series Wireless Locks, a new electronic lock portfolio designed with multifamily market needs - like style and technology - in mind, at an attractive price point.

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 59% of survey respondents would select a future place of residence if they were able to access their unit using a mobile device. The XE360 Series supports the latest mobile credential technologies, including MIFARE^®, Bluetooth^® and NFC mobile, with advanced encryption to keep data and communications safe.

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.

Schlage® XE360™ Series Wireless Locks

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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.

Contact: Emily Ondercin-Bourne
emily@flyingcamel.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/210706

FAQ

What are the Schlage XE360 Series Wireless Locks?

The Schlage XE360 Series Wireless Locks are new electronic locks designed for the multifamily market, featuring modern aesthetics and advanced mobile credential technologies.

What mobile access technologies do the XE360 Series support?

The XE360 Series supports MIFARE, Bluetooth, and NFC mobile credential technologies.

How do the XE360 Series Wireless Locks update access rights?

The XE360 Series operates in an offline or No-Tour environment, eliminating the need for property managers to visit the locks for updating access rights.

What is the FleX Module board in the XE360 Series?

The FleX Module board is an innovative feature that allows the XE360 Series locks to be easily upgraded from offline to networked solutions, adapting to evolving security and connectivity needs.

How does the XE360 Series integrate with existing systems?

The XE360 Series has an open architecture design that integrates with Allegion and third-party access control software, providing flexibility in management systems.

What is the significance of the No-Tour environment feature in the XE360 Series?

The No-Tour environment feature allows property managers to update access rights remotely, saving time and effort by eliminating the need for physical visits to the locks.