Hotel Technology Next Generation

A new worldwide organization, ASSA ABLOY Hospitality brings together the Group's four brands serving the hospitality industry, Elsafe, Timelox, VingCard, and Inhova to better respond to the growing security concerns of major hotel owners, operators, and their guests. The global leader of guest room locks and hotel safes makes ASSA ABLOY unique as a security solution provider to the hospitality industry.

ASSA ABLOY Hospitality will in addition to the four manufacturing units consist of ten dedicated sales companies and ten Hospitality business units within ASSA ABLOY Group companies. The new organization, ASSA ABLOY Hospitality, was first launched in November 2002 in the USA and will be extended to other regions during first half of 2003.

The ASSA ABLOY Hospitality headquarters will be based in Oslo, Norway. Dag Schjerven, President of VingCard has been appointed President and CEO of ASSA ABLOY Hospitality.

"ASSA ABLOY Hospitality can offer the best solutions for any security challenge", says Dag Schjerven. "We recognize that each hotel requires different security solutions. By bringing together a better and broader product offering, we can meet our customers' individual needs in the most efficient and convenient manner."

The positioning of the brands has been carefully considered. VingCard, the largest hotel-lock company, will aim for the middle and high end segments including the marine segment. Timelox will be a customized integrator, concentrating on the top end and special niches such as the gaming segment. Inhova will use its leading-edge technologies to offer innovative locking solutions to the industry. Elsafe is the undisputed leader in hotel-room safes with a product portfolio that addresses all market segments.

ASSA ABLOY Hospitality Inc. has been created by combining the power of VingCard, Elsafe, TimeLox and Inhova as well as the resources of one hundred locking solution companies of the ASSA ABLOY Group. This provides you with an unbeatable combination of expertise and technological leadership.

VingCard is the industry pioneer with an unsurpassed track record in hotel locking. VingCard re-invented the hospitality security industry with its introduction of the world's first recodable lock in 1979. It continues to be the industry's leading brand.

Read more about VingCard on www.vingcard.com

Timelox is the leader in providing customized, integrated locking solutions for hospitality projects of any size and scope. They offer a complete line of intelligent solutions and services from fully integrated Internet-based cameras to wireless lock communications.

Read more about Timelox on www.timelox.com.

Elsafe is the undisputed global leader in hotel safes. They have supplied over fifty percent of the world's in-room hotel safes in 150 countries. As the first in-room hotel safe company to ever receive UL-approval, Elsafe is in a class apart.

Read more about Elsafe on www.elsafe.com.

These powerful brands combined with the comprehensive resources of the ASSA ABLOY Group allow us to create solutions that perfectly match your needs.

The ASSA ABLOY Group is the world's leading manufacturer and supplier of locking solutions, dedicated to satisfying end-user needs for security, safety and convenience. The Group has about 30,000 employees and annual sales of about EUR3 billion.

Organization
Vingcard, an ASSA ABLOY brand
www.vingcard.com/
631 International Parkway, Suite 100
USA - Richardson, TX 75081
Tollfree: +1 800 225 8464
Phone: 1 972 907 2273