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ASSA ABLOY, maker of YALE locks, donates $5 million to Habitat for Humanity

AMERICUS, Ga. (May 2, 2006) – Every new Habitat for Humanity homeowner receives a set of house keys, and YALE Residential Security will be providing each of those keys and the locks they fasten. In a new partnership agreement between ASSA ABLOY, the parent company of “YALE” brand locks, and Habitat for Humanity International, ASSA ABLOY will donate $5 million worth of YALE locks to Habitat affiliates nationwide over a five-year period.

“ASSA ABLOY believes security unlocks peoples’ lives and allows them to feel more free,” said Thanasis Molokotos, president and CEO of ASSA ABLOY Americas. “Everybody deserves security and we are humbled to be a part of every Habitat home.”

The donation of interior and exterior locksets also comes with complimentary technical advice to Habitat affiliates regarding use and installation. The in-kind donation of locks will help Habitat for Humanity build more houses in partnership with families in need.

“The donation of locksets for Habitat houses will have a great financial impact across the country for Habitat, as well as a symbolic impact,” said Mark Crozet, senior vice president of Development at Habitat for Humanity International. “The presentation of house keys at a Habitat house dedication is always a powerful experience for homeowners and volunteers. The keys represent the security of homeownership. ASSA ABLOY is helping to make that moment possible.”

ASSA ABLOY is the world’s leading manufacturer and supplier of locking solutions, meeting tough end-user demands for safety, security and user friendliness. The Group has some 30,000 employees and annual sales of about EUR 3 billion.

About Habitat for Humanity International
Habitat for Humanity International, based in Americus, Ga., is an ecumenical Christian ministry that welcomes to its work all people dedicated to the cause of eliminating poverty housing. Since 1976, Habitat has built more than 200,000 houses in nearly 100 countries, providing simple, decent and affordable shelter for one million people.