IR's Bermuda bid clears one hurdle, faces another

SSN Staff  - 
Tuesday, January 1, 2002

WOODCLIFF LAKE, N.J.-Almost 90 percent of the shareholders of Ingersoll-Rand voted in favor of a plan to change the company's place of incorporation from New Jersey to Bermuda. The December vote helped pave the way for a newly -formed Bermuda-based firm called Ingersoll-Rand Company Ltd. to become the parent company of IR on Dec. 31.

The company also announced, however, that an owner of 16,000 IR shares intends to block the reincorp- oration. Arguments in the suit filed by the shareholder were set to begin in the U.S. District Court In Newark, N.J., on December 18.

HAI tucks more training into 2002
NEW ORLEANS-HAI's 2002 training schedule has more than doubled the availability of its product-information classes for 2001. The schedule shows the one-day "Integrated Automation" course being offered 110 times across the U.S. The course is free and designed to give security installers and electrical contractors an overview of HAI's portfolio of automation and security products.

For more information on the schedule, visit

Inovonics boasts beefed-up web site
LOUISVILLE, Colo. - Wireless signal/control manufacturer Inovonics Corp. has launched what it calls a "new and improved" company web site. The main enhancements to the site, which can be found at, include training presentations on 900 MHz technology and product data sheets in downloadable PDF format. Operation instructions, tech notes, and FAQs are also available.