To keep those that are, Assa has offered price cuts, says Roberto Wagmaister, its president.
Yale Lock, an ASSA ABLOY company, has been a household name in locks for years.
What's more, this Yale Real Living line will be compatible with the ASSA ABLOY Mobile Keys platform.
ENGADGET: Yale demos NFC-enabled residential locks, germaphobes rejoice (video)
Near Field Communication (NFC) employs Mobile Keys platform from parent company Assa Abloy.
ENGADGET: Yale demos NFC-enabled residential locks, germaphobes rejoice (video)
"as a vehicle" to hold the bank's interest in 650 Fifth Avenue and that ASSA "repeatedly transferred" rental income to Bank Melli.
The mobile keys platform enabled by the NFC technology has already been introduced to the hospitality industry by Yale's parent company, ASSA ABLOY.
ENGADGET: Yale demos NFC-enabled residential locks, germaphobes rejoice (video)
What's more, we've created a highly secure product that capitalizes on ASSA ABLOY technology that is being extremely well-received in other end-user markets.
ENGADGET: Yale demos NFC-enabled residential locks, germaphobes rejoice (video)
Grupo Assa, a computer-services company, also stands to benefit from having axed costs before the latest meltdown, and from a (so far) successful foreign expansion.
Hellstrom last month announced he would retire and will be replaced by Carl-Henric Svanberg , the head of lockmaker Assa Abloy , effective April 8.
In fact, ASSA ABLOY recently completed the first-ever trial of the mobile keys platform at the Clarion Hotel in Stockholm, in which 28 frequent hotel guests were invited to use the technology over an eight-month period.
ENGADGET: Yale demos NFC-enabled residential locks, germaphobes rejoice (video)
Last year, while government ministers were promising an imminent recovery, Assa's sceptical bosses made big job cuts, sold part of its headquarters (while there were still buyers for commercial property in Buenos Aires) and thus cut its borrowing.
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