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Indiana economy navigated worst of pandemic, but another storm is brewing

6 Min Read WASHINGTON, Feb 10 (Reuters) - Allegion plc is a lock maker that still churns out its venerable emergency “panic bar” in Indianapolis, where the device was invented over a century ago after a deadly Chicago theater fire in which hundreds of people were trapped by locked exit doors. But the future of locks, according to the American-Irish company’s chief executive, David Petratis, is digital - cloud technology, smart home devices and other connected applications, and for that it has turned outward, most recently acquiring a Colorado tech company. “You have to take the old world and connect it to the new world, otherwise you become a commodity,” Petratis said.

Study: Indiana Facing Obstacles to Economic Growth

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