Panic exit hardware and fire exit hardware may be very similar in construction, but may differ in materials or components to ensure compliance.
Panic exit hardware is an exit device which is tested for use on a door that is required to have panic hardware, but cannot be used on a fire door. Panic hardware typically has the dogging feature, which allows the latches to be held retracted to create a push/pull function.
Fire exit hardware is not permitted to have mechanical dogging, but electric latch retraction/electronic dogging, is permitted. When the latch is held retracted electrically, the door must become positively latched during a fire emergency by way of an automatic fail-safe device that is activated by an automatic fire detector.
Both panic and fire exit hardware are listed to UL305; while fire exit hardware requires an additional listing to UL10C.