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Zentra Brings Resident Key in Google Wallet to Customers

1. Zentra introduces resident key feature in Google Wallet for multifamily properties. 2. This innovation enhances convenience and security for residents and property managers. 3. Properties using this feature can expect increased net operating income (NOI). 4. Zentra aims to redefine access control in response to modern living demands. 5. The solution is backed by Allegion's award-winning security technology.

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Why Bullish?

The introduction of innovative technology can enhance customer satisfaction and operational efficiency, leading to potential revenue growth. Similar tech expansions in security sectors have led to favorable market reactions historically.

How important is it?

The launch of a new key-less access solution could enhance ALLE's market position significantly, aligning with evolving consumer preferences.

Why Long Term?

Sustained demand for smart living solutions suggests continued relevance, with long-term revenue implications as multifamily properties increasingly adopt these technologies.

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Enabling security, convenience and operational efficiency for multifamily properties , /PRNewswire/ -- Zentra, a brand of Allegion US, and leading provider of smart access solutions, is the first to offer resident key capability in Google Wallet™. This enables residents to easily and securely add their resident key to Google Wallet and unlock their apartment with a simple tap of their Android™ phone or Wear OS by Google smartwatch. With this new capability, residents can unlock their building doors, amenity spaces and individual apartment units without contact using their Android Phone or Wear OS smartwatch—eliminating the need to use a traditional, physical fob or key. "With resident key now available in Google Wallet, Zentra is expanding what modern access looks like for multifamily communities. We're excited to be the first to deliver this seamless, secure solution that elevates the resident experience," said Mark Vigren, vice president, Sales & Field Marketing at Allegion. "This innovation not only simplifies daily life for residents but also supports property managers in creating a truly premium living experience, aligning with the expectations of renters today and building the future of access control," added John Goodwin, vice president, general manager, Multi-Family Access at Allegion. Benefits include:  Tap to unlock your community with your Android Device: Adding resident key to Google Wallet lets residents tap and move throughout their multifamily community with just their phone. Residents can simply raise their phone to access points they have access to, and the NFC credential in their Wear OS smartwatch or Android Phone will grant them access. Luxury experience and increased NOI for multifamily properties: With resident key in Google Wallet on Zentra, properties offer a best-in-class luxury experience for their residents that also decreases operational overhead. Reducing cost and time associated with physical keys or fobs leads to increased net operating income (NOI) for the property. Secure and convenient: Google Wallet protects residents' essentials with industry-leading security features built directly into your Android device. "Our goal with the resident key in Google Wallet is to redefine access control for multifamily properties," said Olivia Renaud, group product manager, Credential Software at Allegion. "As we continue to develop and expand these capabilities, we are committed to helping property operators create smarter, safer and more appealing communities that meet the demands of modern living." The Zentra and resident key in Google Wallet solution has recently been made available on the award-winning Schlage® XE360™ Series, the Schlage Control ® Smart Lock, Schlage NDE Mobile Enabled Wireless Cylindrical Lock, Schlage MTB Mobile Enabled Multi-technology Reader and Schlage RC Reader Controller. Contact a multifamily consultant from Zentra to learn more about the solution and how to implement it on their property. Zentra offers unparalleled security and access solutions, backed by Allegion, and designed with operators, residents and multifamily integrators in mind. Learn more about Zentra at Zentra.co. About Allegion At Allegion (NYSE: ALLE), we design and manufacture innovative security and access solutions that help keep people safe where they live, learn, work and connect. We're pioneering safety with our strong legacy of brands like CISA®, Interflex®, LCN®, Schlage®, SimonsVoss®, Zentra and Von Duprin®. Our comprehensive portfolio of hardware, software and electronic solutions is sold around the world and spans residential and commercial locks, door closer and exit devices, steel doors and frames, access control and workforce productivity systems. For more, visit www.allegion.com. SOURCE Allegion US WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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