Master Lock Company and STRATTEC SECURITY CORPORATION Introduce Re-Codeable Lock Technology
MILWAUKEE, Oct. 30 /-- STRATTEC SECURITY CORPORATION (NASDAQ:STRT) today announced that Master Lock Company and STRATTEC are introducing RE-Codeable Lock technology for application on certain Master Lock Products. During the 2006 Automotive Aftermarket Products Expo (AAPEX), held in Las Vegas NV from October 30 through November 2, 2006, Master Lock Company will be displaying a variety of residential, consumer and automotive aftermarket products that incorporate RE-Codeable Lock technology designed and manufactured by STRATTEC SECURITY CORPORATION.
The RE-Codeable Lock technology allows the consumer to code Master Lock automotive towing security products, door hardware and toolboxes to work with a single key. The consumer is able to accomplish the coding of their key to the Master Lock product themselves, without the aid of professional service. The ease and convenience of having one key to open a variety of lockable items are now at the consumer's finger tips. The RE-Codeable Lock technology was developed by STRATTEC SECURITY CORPORATION as a result of a collaboration with Master Lock that began several years ago.
RE-Codeable Lock is a unique technology that allows STRATTEC SECURITY CORPORATION to broaden its product offerings beyond its core Automotive OEM key and lock product line. STRATTEC SECURITY CORPORATION is the exclusive manufacturer of the RE-Codeable Lock technology for Master Lock.
STRATTEC designs, develops, manufacturers and markets mechanical locks and keys, electronically enhanced locks and keys, steering column and instrument panel ignition lock housings, latches and related access control products for North American automotive customers, and for global automotive manufacturers through the VAST Alliance in which it participates with WITTE Automotive of Velbert, Germany and ADAC Plastics, Inc. of Grand Rapids, Michigan. The Company's history in the automotive business spans nearly 100 years.
CONTACT: Kathy Scherbarth, Vice President - Milwaukee Operations,
+1-414-247-3575, or, Pat Hansen, Senior Vice President and Chief Financial
Officer, +1-414-247-3435, both of STRATTEC SECURITY CORPORATION
Web site: www.strattec.com/
