WALTHAM, Mass., June 5, 2012 /PRNewswire/ -- Mac-Gray Corporation (NYSE: TUC), the nation's premier provider of laundry facilities management services to multi-family housing, is teaming up its LaundryView product, the most comprehensive and feature-rich laundry room monitoring system in America, with Medeco's NEXGEN XT electronic lock. The new combined system will provide unprecedented, dual-security for washer and dryer coin boxes and laundry card add-value stations, and virtually eliminate the risk associated with unauthorized use of keys. The system also provides clients subscribing to the service with reporting on all collections and attempts to access laundry room coin boxes or money vaults.
"At Mac-Gray we believe that an important part of the service we provide to our clients is the protection of their financial interests in our day-to-day management of the laundry facilities at their properties. We make a large investment in security and our decision to partner with Medeco in the deployment of their NEXGEN XT electronic lock has been based on a careful analysis by our Strategic Insight Group on its benefits for our clients. Combining it with our LaundryView monitoring system adds unparalleled security to the industry's most transparent financial reporting," said Stewart MacDonald, CEO at Mac-Gray.
Mac-Gray will connect its proprietary LaundryView® product with Medeco's NEXGEN XT Web Manager® software to centrally manage coin and cash collections on a secure website. In conjunction with Medeco's NEXGEN XT electronic locks, the system enables complete control of all connected locks and the ability to audit, control and report on all activity associated with the locks.
The NEXGEN XT system eliminates the use of traditional keys, through the installation of electronic lock cylinders, used in conjunction with a single, programmable "collector's key" with access codes for each associated lock. The collector's key will only work at specified times and will record up to 5,000 time and date stamped events. The NEXGEN XT system is the most sophisticated security available for the central laundry room environment.
"We are excited to work with Mac-Gray and bring our two technologies together. Their vision for protecting their customers' financial interests fits well with the benefits provided by our NEXGEN XT system, and their initiative to provide security and transparency through the LaundryView system is unique in their industry," said Mark Imhof, Director of Engineered Security Solutions for Medeco.
"This is another step in redefining how service will be provided in a common area laundry environment," said Sheff Halsey, EVP Marketing for Mac-Gray. "The impressive benefits of Medeco's electronic lock system further enhance LaundryView, the most advanced laundry monitoring system currently installed at multi-housing properties and college and university campuses. We're very excited about the new capabilities for LaundryView, as well as the plans we have for further development in the near future."
About Mac-Gray Corporation Founded in 1927, Mac-Gray derives its revenue principally through the contracting of debit-card- and coin-operated laundry facilities in multi-unit housing facilities such as apartment buildings, college and university residence halls, condominiums and public housing complexes. Mac-Gray manages laundry rooms in 43 states and the District of Columbia. Mac-Gray also sells and services commercial laundry equipment to retail laundromats and other customers through its product sales division. To learn more about Mac-Gray, visit the Company's website at www.macgray.com.
SOURCE Mac-Gray Corporation