Ingersoll Rand Security Technologies Acquires Recognition Source   Wireless Locking Systems Easily Retrofit into Any Electronic Access System; Cut Installation Time and Costs; Use Legacy Keys and ID Credentials CARMEL, IN. - September 24, 2004 - Ingersoll Rand Security Technologies, part of Ingersoll Rand Company Limited, has acquired the assets of Recognition Source LLC, the market leader in the application of wireless technology in physical security environments. Under the Schlage brand, these innovative access control products will expand the range of Ingersoll Rand's solutions for airports, healthcare institutions, schools and universities, corporate facilities and other applications that can benefit from faster, less costly installations. "We are very excited to bring wireless technology into our portfolio," said Doug Wright, Vice President and General Manager of Electronic Control Systems for Ingersoll Rand Security Technologies. "The business case for deploying the new Schlage wireless system in networked openings is compelling." Actual installations demonstrate a wireless solution can have a substantially lower installed cost than an online access control system. Wireless systems use less hardware and install five to ten times faster. With Schlage wireless systems, it becomes extremely easy to retrofit electronic access control solutions in facilities and applications that have previously held back due to budget constraints or installation limitations. In addition to providing access control at a door in the form of a wireless lock, Schlage will now provide wireless solutions for elevators, gates, exit devices and electric strikes. Importantly, the wireless system easily integrates into all existing access control systems and customers can continue to use their existing keys or ID credentials. Ingersoll Rand Security Technologies will continue to develop the extensive portfolio of intellectual property assets that Recognition Source has accumulated for wireless access control systems. Current Recognition Source CEO Fred Conforti will join Ingersoll Rand. "Ingersoll Rand provides the ideal platform to expand the market for wireless access control," notes Conforti. "We look forward to working with current and new wireless customers to leverage the combined benefits of Recognition Source and IR." About Ingersoll Rand Security Technologies Ingersoll Rand Security Technologies is a global leader in products and services that provide secure, safe and productive environments for new and existing facilities. Market leading brands include Schlage, Von Duprin, LCN and Recognition Systems. Website is www.irsecurityandsafety.com. About Ingersoll Rand Ingersoll Rand is a leading innovation and solutions provider for the major global markets of Climate Control, Industrial Solutions, Infrastructure and Security and Safety For More Information… George Nortonen Ingersoll Rand Security Technologies 860-584-9158 george_nortonen@irco.com Back To Top