ASSA ABLOY Announces the Next Generation of Parking Solutions from Medeco

ASSA ABLOY today announced the availability of the latest generation of Medeco Nexgen Intelligent Locking Solutions for parking equipment: the Nexgen2 key, desktop single key and multi-key programmers, and web-based management software. The Nexgen system is a complete access control and accountability solution to protect revenue and data in today’s parking equipment.

The Nexgen system is made up of three elements: electronic locks, programmable keys and web-based software. These elements work together to provide controlled access, accountability, strong physical security and electronic route management for parking meters and collection equipment. Nexgen protects revenue while closely managing access to increase profitability for metered parking systems. Cities using the Nexgen system to protect their meter revenue have reported significant improvements due to unprecedented protection against unauthorized access, as well as detailed audit capabilities.

“Parking is an important source of revenue for many cities, universities and public facilities,” said Gene Cronin, Medeco product manager, ASSA ABLOY. “The Nexgen electronic locking system is a powerful tool for securing revenue and giving parking managers insight into collection and maintenance activity, allowing them to make the most of their time and resources.”

Nexgen addresses the operational problems of managing too many keys, unauthorized copies of keys, unreportable loss, and collection efficiency by providing detailed reporting of all activity. Nexgen2 keys are programmed to open only specific locks during a set schedule. Access rights can be turned off instantly, reducing the risk or lost or stolen keys. All openings and attempted openings are easily audited via the software’s graphic dashboard. This operational intelligence helps bring greater efficiency and control to day-to-day operations.

ROI Factors of the Nexgen Intelligent Locking System include:

• Improves Route Efficiency
• Eliminates unauthorized use of keys
• Ability to set access and expiration schedules
• Eliminates lock rekeying costs
• Tracks authorized openings and unauthorized attempts
• Identifies collection skips and reopens

About Medeco:

Founded in 1968 and based in Salem, Va., Medeco is a brand associated with ASSA ABLOY High  Security Group, Inc., an ASSA ABLOY Group company. Medeco is a market leader in mechanical and electronic locks and locking systems for security, safety, and control. The company’s customer base includes wholesale and retail security providers, original equipment manufacturers, and institutional, commercial, industrial, and residential end-users. Visit www.medeco.com for additional information.

About ASSA ABLOY:

The ASSA ABLOY Group is the global leader in access solutions. The Group operates worldwide with 48,500 employees and sales of SEK 94 billion. The Group has leading positions in areas such as efficient door openings, trusted identities and entrance automation. ASSA ABLOY's innovations enable safe, secure and convenient access to physical and digital places. Every day, we help billions of people experience a more open world. For more information, visit http://www.assaabloy.com.