Cintas Corporation CTAShas taken an initiative to provide details on the utility of back-up emergency and exit lights to all organizations. These automatic functioning lights are highly useful to United States where the incidence of power outage is higher than any other developed country. Encouragingly, elevated usage of these lights will likely spur demand for Cintas’ services, moving ahead.
A survey conducted by Harris Insights & Analytics revealed that more than 34% of American adults consider their buildings unsafe during power loss. Notably, around 15 million individuals witness power cuts in the nation every year, making back-up emergency and exit lights a necessity.
Cintas perceives that requirement of these lights will be even stronger in the upcoming U.S. summer season, when the frequency of power outages will be higher due to the occurrence of storms. Occurrences of harsh storms have been on a rise, of late, averaging between 70 and 130, every year.
In this context, Cintas noted that back-up emergency and exit lights are essential for ensuring safety of building occupants during the summer storm season. In sync with this, the company specified that the facility and property managers should visually inspect their back-up lights regularly. Moreover, Cintas stated that managers should conduct complete functional tests and maintain thorough records of inspection for these lights.
The aforementioned initiatives by facility and property managers will spur demand for Cintas’ non-imitable safety and first-aid services. Over the past month, the company’s shares have rallied 8%, outperforming the 6. 6% gain recorded by the industry.