Janus International Group Announces All-New Internal, Hardwired Smart Lock
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Insights
The introduction of Janus International Group's Nokē Ion smart lock represents a strategic move in the self-storage industry, which is increasingly adopting technology to enhance security and operational efficiency. The product's cloud-native software and integration with mobile technology indicate a trend towards IoT (Internet of Things) solutions in commercial applications. By offering a hardwired option alongside the existing battery-powered Nokē ONE, Janus is broadening its market appeal.
From an investment perspective, the launch of Nokē Ion could potentially open up new revenue streams for Janus, as facility owners seek to upgrade their security infrastructure. The focus on ease of use and enhanced features like LED lights and motion sensors may improve customer satisfaction and retention for self-storage businesses, potentially leading to higher occupancy rates and, by extension, increased demand for Janus's products.
However, the adoption rate of such technologies can vary widely depending on market readiness and the cost of implementation. Investors should monitor customer feedback and the rate of new installations to gauge the product's impact on Janus's financial performance.
Nokē Ion's launch reflects the growing intersection between physical security and digital innovation. The system's low voltage requirement and inside-the-door design suggest a focus on energy efficiency and unobtrusive security solutions. This could resonate well with environmentally conscious consumers and businesses looking to modernize their facilities without compromising on aesthetics.
For stakeholders in the self-storage sector, the adoption of Nokē Ion could signal a shift towards more integrated and intelligent systems that can provide real-time data on facility security and customer behavior. Such data could be leveraged to optimize operations, personalize customer interactions and potentially reduce insurance premiums due to improved security measures.
Long-term, the integration of smart locks like Nokē Ion could set a new standard for security in the self-storage industry. However, the initial cost and the complexity of retrofitting existing units could pose challenges to rapid market penetration.
With the increasing number of cyber threats, the security of IoT devices like the Nokē Ion smart lock becomes a critical concern. The product's reliance on cloud-native software for operations and monitoring raises questions about data privacy and the potential for cyber attacks. While Janus's product aims to improve physical security, it is imperative that digital security measures are equally robust to prevent unauthorized access to the system.
Investors should consider the company's track record and expertise in cybersecurity when evaluating the potential risks associated with this new product. Furthermore, the regulatory landscape for IoT devices is evolving and Janus will need to ensure compliance with emerging standards to maintain market confidence and avoid potential legal liabilities.
It is essential for Janus to communicate the steps taken to secure the Nokē Ion system against cyber threats to mitigate concerns from potential customers and investors. The company's ability to address these challenges will be important in determining the product's success in the market.
Janus Releases “Nokē Ion™,” An Inside-The-Unit, Powered Smart Lock
Nokē Ion is a sleek, yet powerful hardwired smart lock that fits on the inside track of the door and boasts an innovative, yet simplified design. This smart locking solution is low voltage powered and can be customized with enhanced features like LED lights and motion sensors.
Main Benefits of Nokē Ion:
- Consistent, low voltage power
- Simplified, sleek, inside-the-door design for optimal security
- Cloud native software portal, which provides visibility into lock health, facility security, and customer behavior
- Customer-friendly mobile app for ease of access and peace of mind for tenants
- Robust manager mobile app makes operating facility easier than ever
"We are thrilled to announce the launch of our latest product, Nokē Ion, which holds great promise in simplifying and expediting the integration of smart locking solutions for self-storage owners and operators,” said Ramey Jackson, Chief Executive Officer. “At Janus, our dedication to pioneering advancements in smart entry and facility automation for the self-storage sector is unwavering. With the introduction of Nokē Ion, we are excited to extend our cutting-edge technology to self-storage facilities worldwide, reaffirming our commitment to innovation on a global scale."
Janus’s Nokē Smart Entry system is a complete digital smart access solution, comprised of keyless smart entry points, keypads, and electronic locks that fit seamlessly to both roll-up and swing doors. Nokē smart locks were built and designed with self-storage owners and customers in mind and help to improve the security of individual self-storage units, providing a more convenient customer access experience, and automating labor-intensive operational processes like lock checks and overlocking. The Nokē Smart Entry System by Janus combines its best-in-class self-storage offerings with new and innovative technologies to redefine the total self-storage experience.
About Janus International Group
Janus International Group, Inc. is a leading global manufacturer and supplier of turn-key self-storage, commercial and industrial building solutions, including roll-up and swing doors, hallway systems, re-locatable storage units and facility and door automation technologies. The Janus team operates out of several
Forward-Looking Statements
Certain statements in this communication may be considered “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact included in this communication are forward-looking statements, including, but not limited to statements regarding Janus’s positioning in the industry, the anticipated benefits of Nokē Ion, Janus’s ability to strengthen its pipeline and deliver on its objectives, and Janus’s belief regarding the demand outlook for Janus’s products, including Nokē Ion, and the strength of the industrials markets. When used in this communication, words such as “may,” “should,” “could,” “would,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “intend,” “continue,” or the negative of such terms or other similar expressions, as they relate to the management team, identify forward-looking statements. Such forward-looking statements are based on the current beliefs of Janus’s management, based on currently available information, as to the outcome and timing of future events, and involve factors, risks, and uncertainties that may cause actual results in future periods to differ materially from such statements.
In addition to factors previously disclosed in Janus’s reports filed with the SEC and those identified elsewhere in this communication, the following factors, among others, could cause actual results to differ materially from forward-looking statements or historical performance: (i) risks of the self-storage industry; (ii) the highly competitive nature of the self-storage industry and Janus’s ability to compete therein; and (iii) the risk that the demand outlook for Janus’s products (including those referenced herein) may not be as strong as anticipated.
There can be no assurance that the events, results, or trends identified in these forward-looking statements will occur or be achieved. Forward-looking statements speak only as of the date they are made, and Janus is not under any obligation and expressly disclaims any obligation, to update, alter or otherwise revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law. This communication is not intended to be all-inclusive or to contain all the information that a person may desire in considering an investment in Janus and is not intended to form the basis of an investment decision in Janus. All subsequent written and oral forward-looking statements concerning Janus or other matters and attributable to Janus or any person acting on its behalf are expressly qualified in their entirety by the cautionary statements above and under the heading “Risk Factors” in Janus’s most recently filed Annual Report on Form 10-K and Quarterly Report on Form 10-Q, as updated from time to time in amendments and its subsequent filings with the SEC.
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Investor Contacts, Janus
John Rohlwing
Vice President, Investor Relations, FP&A & M&A, Janus International Group, Inc.
IR@JanusIntl.com
770-562-6399
Media Contacts, Janus
Suzanne Reitz
Vice President of Marketing, Janus International Group, Inc.
Marketing@JanusIntl.com
Source: Janus International Group, Inc.
FAQ
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