Janus International Group Introduces the NS Series Self-Storage Door Solutions

Rhea-AI Summary

Janus International Group (NYSE: JBI) has introduced the NS Series, a new line of roll-up door solutions for enhanced self-storage security. The series includes two options: the NS+ Door and the NS Retrokit. Key features of the NS Series include:

• Anchored guides on the floor for stability
• Robust lower bar with secure clips
• Firmly anchored support angles

The NS+ Door, suitable for replacements and new construction, offers six 9-gauge security clips and 14-gauge support angles. The NS Retrokit, an upgrade package for existing Janus doors, includes two 9-gauge security clips. This launch complements Janus's R3 Program, aimed at optimizing self-storage facilities and potentially increasing rental rates.

Positive

• Introduction of new security-enhanced NS Series roll-up door solutions
• NS Series complements existing R3 Program, potentially allowing higher rental rates
• Expansion of product offerings in the self-storage security market

Negative

• None.

Insights

Market Research Analyst

Janus International Group's introduction of the NS Series Self-Storage Door Solutions is noteworthy for investors, particularly those interested in the self-storage and commercial building product sectors. The release of the NS+ Door and NS Retrokit signifies a proactive response to rising concerns over theft in self-storage facilities. This move can potentially enhance Janus's market position as it addresses a critical pain point for their customers. The enhanced security features could justify higher rental rates for facility owners, boosting demand for Janus's products. From a market perspective, this development may help Janus not only retain existing clients but also attract new ones who prioritize security in their self-storage facilities. However, it is important to consider the cost implications for clients when upgrading to these new solutions. If perceived as too expensive, it might limit adoption despite the security benefits. Evaluating customer feedback and adoption rates in the coming months will be important in assessing the overall market impact.

Tech Expert

From a technology standpoint, the NS Series introduces several structural enhancements that could make a significant impact. The incorporation of anchored guides and robust lower bars with security clips adds substantial physical security to the doors, addressing a critical issue of theft in self-storage units. The use of 9-gauge and 14-gauge materials indicates a focus on durability and strength. These technical upgrades not only aim to provide immediate security benefits but also potentially lower the long-term maintenance costs. For investors, it is useful to note that such innovations can lead to a competitive advantage, as they make Janus's offerings more attractive to facility owners who are increasingly concerned with security. The scalability of the NS Retrokit is particularly interesting as it allows existing customers to upgrade without replacing entire doors, thus offering a cost-effective solution. The key to success will be the company's ability to effectively market these technological benefits and demonstrate their ROI to potential customers.

Financial Analyst

From a financial perspective, the introduction of the NS Series is a strategic move that could positively influence Janus International Group's revenue streams. By offering enhanced security features, Janus provides a tangible value proposition that could justify premium pricing. This, in turn, can lead to increased revenues per unit for self-storage facility owners, translating to higher demand for Janus's products. In the short term, investors might see a boost in sales figures as facility owners look to upgrade their security solutions. Long-term financial benefits will depend on the sustained adoption of these products and their ability to maintain a premium status in the market. It is also important to assess the cost of production and whether the price points for the NS Series are set in such a way that they contribute positively to the company's margins. Investors should also keep an eye on how these products perform in comparison to competitors' offerings and whether Janus can maintain its leadership in innovation and security solutions.

TEMPLE, Ga.--(BUSINESS WIRE)-- Janus International Group, Inc. (NYSE: JBI) (“Janus” or the “Company”), a leading provider of cutting-edge access control technologies and building product solutions for the self-storage and other commercial and industrial sectors, is introducing two new roll-up door solutions (the “NS Series”) engineered to provide a heightened level of safety and security for self-storage facilities.

The NS Series incorporates an enhanced design that includes anchored guides on the floor, ensuring stability and durability. A robust lower bar, equipped with secure clips that smoothly glide within the guides, combines with firmly anchored support angles on the floor to provide elevated strength and support.

The NS Series comes in two options: the NS+ Door and the NS Retrokit. The NS+ Door is ideal for door replacements as well as new construction. This door includes six 9-gauge security clips that extend fully into the guide. It also comes with 14-gauge support angles screwed into the floor for maximum support, as well as a reinforced, roll-formed clear acrylic coated galvanized steel bottom bar.

The NS Retrokit is not a door, but a package that can be installed on existing Janus doors. This package has many of the NS+ Door features, but the NS Retrokit includes two 9-gauge security clips that extend fully into the guide.

“Theft is becoming an increasingly important issue within our industry, and the NS+ Door and the NS Retrokit aggressively answer the need for a higher-level security package that combats theft and is intended to keep tenants’ valuable possessions as safe as possible,” said Morgan Hodges, Executive Vice President of Janus.

The NS Series represents an ideal complement to Janus’s existing R3 Program. R3 (Restore, Rebuild, Replace) focuses on replacing storage unit doors, optimizing unit mix and idle land, and adding a more robust security solution, providing owner-operators the opportunity to charge higher rental rates and stay ahead of the competition.

“The NS+ Door and the NS Retrokit are even more proof that Janus provides some of the best security packages in the self-storage industry. Both of these options provide the ultimate in protection and are intended to help reduce break-ins at your facility,” said Troy Bix, President of Janus’s R3 division.

About Janus International Group

Janus International Group, Inc. (www.JanusIntl.com) 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 U.S. locations and six locations internationally.

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 the NS Series, 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 the NS Series, 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240716045915/en/

Investor Contact

Sara Macioch

Senior Director, Investor Relations, Janus International Group, Inc.

770-562-6399

IR@janusintl.com

Media Contact

Suzanne Reitz

Vice President of Marketing, Janus International Group, Inc.

770-746-9576

Marketing@Janusintl.com

Source: Janus International Group, Inc.

FAQ

What are the key features of Janus International's new NS Series for self-storage doors?

The NS Series features anchored floor guides, a robust lower bar with secure clips, and firmly anchored support angles for enhanced stability and security in self-storage facilities.

How does the NS+ Door differ from the NS Retrokit in Janus International's (JBI) new product line?

The NS+ Door is a complete door replacement with six 9-gauge security clips and 14-gauge support angles, while the NS Retrokit is an upgrade package for existing Janus doors with two 9-gauge security clips.

What is the purpose of Janus International's (JBI) R3 Program in relation to the new NS Series?

The R3 Program (Restore, Rebuild, Replace) complements the NS Series by focusing on replacing storage unit doors, optimizing unit mix, and adding robust security solutions, potentially allowing facility owners to charge higher rental rates.

How does Janus International (JBI) address theft concerns in self-storage facilities with the NS Series?

The NS Series, including the NS+ Door and NS Retrokit, provides enhanced security features designed to combat theft and keep tenants' possessions safer, addressing the growing concern of theft in the self-storage industry.