Masonite Innovations to Bring Power and Connectivity to Doors

Rhea-AI Summary

Masonite International Corporation (NYSE: DOOR) announced a patent-pending technology to integrate power and internet connectivity into residential doors, marking a significant advancement in its nearly century-long history. The company aims to leverage this technology through collaborations with Ring and Yale Home, focusing on enhancing home security and convenience. This innovation is set to transform user expectations and functionality of doors, demonstrating Masonite's commitment to continued innovation.

Positive

• Introduction of patent-pending technology for power and connectivity in doors.
• Partnerships with Ring and Yale Home enhance product offerings.
• Innovation aimed at improving home security and convenience.

Negative

• None.

Today, Masonite International Corporation (NYSE: DOOR), a leading global designer, manufacturer, marketer and distributor of interior and exterior doors, announced patent-pending technology to integrate power and internet connectivity into residential doors. This groundbreaking innovation marks the company’s most significant advance in research and development since the founding of the company nearly a century ago.

Masonite plans to leverage this revolutionary technology through relationships with Ring and Yale Home. These collaborations will explore opportunities for product development to integrate new lifestyle and security functionality into doors that provide additional value and peace of mind for homeowners.

“We believe power and connectivity will create expanded capabilities for homeowners,” said Cory Sorice, Masonite Senior Vice President and Chief Innovation Officer. “We’re pleased to build relationships with Ring and Yale to transform what people can expect their doors to do, as we continue to innovate and deliver doors that do more.”

“We’re excited to be a part of this innovative step forward in smart home connectivity,” said Jamie Siminoff, Founder and Chief Inventor at Ring. “The seamless integration of our Ring Video Doorbell technology and the Yale smart lock into the Masonite door is an example of how we can add technology in smart ways to make customers' homes work harder for them."

“For most people, security and peace of mind start at the front door. We’ve seen this firsthand at Yale for the last 180 years,” said Jason Williams, President of Smart Residential Group U.S., ASSA ABLOY. “As smart security rapidly evolves, it’s a logical next step for doors to become directly integrated with the technology themselves. With Masonite and Ring, we look forward to driving this innovation and helping bring about a new era of home security.”

The Masonite story began nearly a century ago, when founder William H. Mason developed a method to turn large quantities of waste wood into useful products. That spirit of innovation continues to thrive at Masonite today. The Masonite Innovation Center (MIC), located in West Chicago, Illinois, is the largest private research and development center in the world focused on doors and door technologies. The MIC is designed to give Masonite an industry-leading edge in developing new products to meet the needs of today’s homeowners.

For more information on Masonite innovation or to submit a collaboration request, visit masonite.com/innovation. Follow Masonite on LinkedIn, Twitter, Instagram, and Facebook.

ABOUT MASONITE

Masonite International Corporation is a leading global designer, manufacturer, marketer and distributor of interior and exterior doors for the new construction and repair, renovation and remodeling sectors of the residential and non-residential building construction markets. Since 1925, Masonite has provided its customers with innovative products and superior service at compelling values. Masonite currently serves approximately 7,600 customers in 60 countries. Additional information about Masonite can be found at { "@context": "https://schema.org", "@type": "FAQPage", "name": "Masonite Innovations to Bring Power and Connectivity to Doors FAQs", "mainEntity": [ { "@type": "Question", "name": "What new technology has Masonite announced on DOOR?", "acceptedAnswer": { "@type": "Answer", "text": "Masonite announced a patent-pending technology to integrate power and internet connectivity into residential doors." } }, { "@type": "Question", "name": "How will Masonite's new technology impact homeowners?", "acceptedAnswer": { "@type": "Answer", "text": "The new technology is designed to enhance home security and provide added convenience for homeowners." } }, { "@type": "Question", "name": "Who are Masonite's partners for the new door technology?", "acceptedAnswer": { "@type": "Answer", "text": "Masonite is collaborating with Ring and Yale Home to develop products integrating this technology." } }, { "@type": "Question", "name": "What is the significance of Masonite's new technology for the stock symbol DOOR?", "acceptedAnswer": { "@type": "Answer", "text": "The technology represents a major innovation for Masonite, potentially improving market competitiveness and shareholder value." } } ] }

FAQ

What new technology has Masonite announced on DOOR?

Masonite announced a patent-pending technology to integrate power and internet connectivity into residential doors.

How will Masonite's new technology impact homeowners?

The new technology is designed to enhance home security and provide added convenience for homeowners.

Who are Masonite's partners for the new door technology?

Masonite is collaborating with Ring and Yale Home to develop products integrating this technology.

What is the significance of Masonite's new technology for the stock symbol DOOR?

The technology represents a major innovation for Masonite, potentially improving market competitiveness and shareholder value.