Storage system including multifunction lock assembly utilizing lock latch mechanism and lock latch extension mechanism

A lock latch extension mechanism for a lock assembly including a lock catch and a striker member, said lock latch extension mechanism comprising:

• a shuttle retainer including a slide channel formed therein, said shuttle retainer including in side profile a static ramp located at a distal end thereof, for camming a striker member incident thereon to a step height, and a central cut away portion for receiving a lock catch;
• and
• a shuttle slide slidably supported in the slide channel of said shuttle retainer between a locking position and a release position, said shuttle slide including a locking portion and a latching portion, said latching portion being located at a distal end thereof and including a ramp portion, a step portion, and latching means for releasably capturing a striker member, said ramp portion extending from a distal end of the shuttle slide to the step portion of said latching portion, said latching means being located on a proximal side of the step portion relative to the ramp portion, such that, when said shuttle slide is in the locking position, the latching means is located on a proximal side of the static ramp of said shuttle retainer in an open configuration for capturing a striker member, and a detent of the locking portion of said shuttle slide cooperates with the cut away portion of said shuttle retainer for capturing the lock catch, and when said shuttle slide is in the release position, the latching means cooperates with the static ramp of said shuttle retainer to release the striker member.