Press Release

STANLEY Security Partners with Nexkey to Expand Access Control Portfolio

INDIANAPOLIS — November 3, 2021 — STANLEY Security, a global provider of integrated security, health, and safety solutions, today announced its investment In Nexkey, Inc., a leading innovator in mobile-first, cloud-based access control solutions. This investment – backed by STANLEY Ventures, the venture capital arm of Stanley Black & Decker (NYSE: SWK) – is the start to a strategic partnership between the two companies.

“We are committed to building safer, healthier, and more efficient environments, with the purpose of helping the world progress," said STANLEY Security Global President Matthew Kushner. "Nexkey's innovative technology helps provide a seamless access control experience with the added value of data insights. When paired with the expertise from STANLEY Security, this solution will provide even more value to organizations as we all adapt to our evolving world."

Nexkey launched in 2018 to provide businesses an easier way to unlock and manage door access. The company's wireless access control platform enables smart entry to any door, which allows businesses to manage access with a mobile app or web portal, simplifying installation and delivering valuable spatial intelligence to help optimize operations. STANLEY Security's investment in and partnership with Nexkey provides new opportunities for small- and medium-sized businesses to adopt affordable, integrated security solutions.

“Nexkey unlocks more value beyond what traditional access control can offer, as our solutions are so versatile and simple to install that we can deploy them on any door at a fraction of the cost of today’s systems,” says Eric Trabold, CEO of Nexkey. “And with organizations increasingly turning to the cloud and mobile solutions, this partnership offers STANLEY Security’s customers a convenient solution for enhancing their access control, creating seamless on-site experiences, and providing intelligent insights throughout the entire building.”

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About STANLEY Security
STANLEY Security, a division of Stanley Black & Decker (NYSE: SWK), is a global provider of integrated security, health, and safety solutions and services. With more than 200 locations, serving six continents, STANLEY is trusted by customers across the globe for innovative solutions; seamless installation and integration; reliable maintenance; 24/7 monitoring; and insightful analytics. STANLEY is guided by its vision of building safer, healthier, and more efficient environments, with a purpose of helping the world progress. Learn more at www.stanleysecurity.com.

About Stanley Black & Decker
Stanley Black & Decker, an S&P 500 company, is a leading $14.5 billion global diversified industrial with 56,000 employees in more than 60 countries who make the tools, products and solutions to deliver on its Purpose, For Those Who Make The World. The Company operates the world's largest tools and storage business featuring iconic brands such as DEWALT, STANLEY, BLACK+DECKER and CRAFTSMAN; the world's second largest commercial electronic security company; and is a global industrial leader of highly engineered solutions within its engineered fastening and infrastructure businesses. Learn more at www.stanleyblackanddecker.com.

About Nexkey
Nexkey is changing the way people experience access to anything that used a key in the past. The company has developed technology that can turn any mechanical lock, whether in a door, gate, padlock, locker or cabinet, into a cloud connected lock, managed through a mobile device. Nexkey’s platform not only saves time through simplified key management via digital keys but also streamlines processes and operations by providing added value from intelligent insights, where there were none before. Customers can now get real-time insights into building occupancy, space utilization, flow of people, usage of lockers or cabinets as well as notifications about unlock events, key shares or changes to important lock settings. Nexkey is uniquely positioned to make mechanical locks a thing of the past and create a future in which locks provide value that goes far beyond unlocking. For more information, please visit www.nexkey.com.

Media Contacts
For inquiries about STANLEY Security:
Ellie Dobner
teamstanleysecurity@manbitesdog.com

For inquiries about Nexkey:
Erin Hartje
650-262-7787
press@nexkey.com