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12 October 2008

VingCard Elsafe Releases 2009 Prices on Electronic Locks, Safes
In line with the current economic trend, global leader of hospitality security solutions reports minimal rate increase of 8% in international markets effective January 1, 2009

PARIS | Global hospitality security leader VingCard Elsafe reports that the price to purchase new electronic locks and in-room safes in 2009 will rise by 8%. The company attributes the increase to several factors, including: the upsurge in price of raw materials, general economic trend, and costs of transportation. The 8% price increase will go into effect January 1, 2009.

“It’s business as usual at VingCard Elsafe – and part of our business model includes remaining competitive while helping to protect our customers’ assets through new technology development,” said Tim Shea, President of ASSA ABLOY Hospitality. “VingCard Elsafe is committed to staying the leader in hospitality security by designing advanced security solutions that protect hotel assets and guests’ valuables.

“This price increase is balanced by VingCard Elsafe’s global promise to diligently develop new and in-demand products while offering the reliable, secure, and quality-driven security solutions the company is known for around the world.”

About VingCard Elsafe | The world leader in hotel security technology, ASSA ABLOY Hospitality has products installed in more than 35,000 properties worldwide, securing in excess of 6 million hotel rooms. The ASSA ABLOY Group, a publicly listed company, is a world leader in security and hospitality systems. VingCard provides numerous electronic locking system solutions, including traditional magnetic-strip, smartcard systems and the latest RFID electronic locks compatible with the main ISO standards: ISO 14.443A (MIFARE), ISO 14.443B, ISO15.693 and NFC-compatible (Near Field Communication), fully integrated PMS interface software solutions and worldwide service and support. Elsafe provides the only UL-listed (1037) hotel safe series on the market today in keypad and card-based models. Safes that include an internal power outlet to support recharging of laptops and camcorders also are available with a UL listing. Elsafe customers also enjoy the same worldwide service and support. The ASSA ABLOY Hospitality Group is dedicated to the hospitality industry. For more information on VingCard Elsafe, visit www.vingcard.com or www.elsafe.com.


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CLICK HERE to learn more about VingCard Elsafe

CONTACT
Renate Henriksen
Marketing Coordinator
Phone: +47 69 24 5012
Email: rhenriksen@vcegroup.com

ORGANIZATION
Hospitality NetVingCard Elsafe
http://www.vingcard.com
631 International Parkway, Suite 100
USA - Richardson, TX 75081
Tollfree: (800) 225-8464
Fax: 214-292-7367

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