The present invention relates to a latching device for securing two panels together such as those of storage structures in which an enclosure is secured by means of a door or panel which will remain in a closed position until released. The present latching system is usually used in connection with automobile glove boxes or other compartments which are to be secured for storage of items therein. The latching device has a housing, actuation means and a pawl in communication with a movable retention means. The latching device can be electrically or manually operated.