Assa Abloy Launches Lock Technology With Excellent Future Perspective.Business Editors/High-Tech Writers STOCKHOLM--(BUSINESS WIRE)--May 11, 2001 ASSA ABLOY The ASSA ABLOY Group is a Swedish company. The group is the world's leading manufacturer and supplier of locks. ASSA ABLOY was formed in 1994 when ASSA Ab was detached from Swedish security firm Securitas AB. , the world's leading lock company, has developed a new "intelligent" lock technology that offers improved security and convenience by combining mechanical solutions with the latest advances in microelectronics. The technology, named CLIQ CLIQ Colorado Linux Info Quest is a concept that integrates electronics and mechanics to create a more secure lock. To open the lock, the key must not only fit mechanically, its identity, stored on a microchip (1) Another term for a microminiaturized integrated circuit (a "chip"). (2) To insert an RFID tag beneath the skin of an animal. It is expected that some day, humans will be microchipped. , must also be approved by the lock. As every key is unique, individual access rights can be entered for each key holder. Which means that access rights can be withdrawn for keys that have gone missing. Electromechanical The use of electricity to run moving parts. Disk drives, printers and motors are examples. Electromechanical systems must be designed for the eventual deterioration of moving components that wear over time. The first TVs were electromechanical systems (see video/TV history). products are enjoying the strongest growth and highest invoicing per product in today's lock market. It is also the product sector where most innovations are being made, both by ASSA ABLOY and its various established and recent competitors. "CLIQ is the result of extensive international development work involving the skills of leading engineers within the Group and external specialists round the world. Technical progress in precision engineering, electronics and miniaturisation n. 1. miniaturization. Noun 1. miniaturisation - act of making on a greatly reduced scale miniaturization shrinking - the act of becoming less has made it possible to make manufacturing of the locks commercially viable. It would not have been possible a few years ago," says Ake Sund, Group Vice President Market Development of ASSA ABLOY. "CLIQ puts us at the forefront of technological developments. It offers an excellent opportunity to win market share and achieve continued growth. Products incorporating the CLIQ technology will now be launched step by step in a number of countries," says Ake Sund. For further information, please contact Ake Sund, Group Vice President, tel: +46-8-506 485 74 or +46-70-667 00 74 ASSA ABLOY AB (publ) P.O. Box 70340, S-107 23 Stockholm Tel: +46 8 506 485 00, Fax: +46 8 506 485 85 Visiting address: Klarabergsviadukten 90 www.assaabloy.com The ASSA ABLOY Group is the world's leading manufacturer and supplier of locks and associated products In the context of fuels and lubricants, a petroleum or chemical product used as a hydraulic fluid, corrosion preventive, liquid propellant, or specialized product, required for the operation, maintenance, or storage of military equipment. , dedicated to satisfying end-user needs for security, safety and convenience. Current sales for the Group are in excess of SEK SEK In currencies, this is the abbreviation for the Swedish Krona. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 20 billion (approximately USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 2 billion) and the number of employees is more than 20,000. This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/05/11/20010511BIT00100/bit0002.doc http://www.bit.se/bitonline/2001/05/11/20010511BIT00100/bit0002.pdf |
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