While certainly not the doom and gloom scenario of the recent past, observers of and participants in the financial sector related to the security industry are still cautious about where things are headed, especially as they relate to financing alarm dealers.
Ã¢â‚¬Å“The financing environment for alarm companies is challenging,Ã¢â‚¬ÂÃ‚Â noted Gregory Bortz, senior vice president-investment banking at Lehman Brothers.
LOS ANGELES - When the clock struck midnight on New YearÃ¢â‚¬â„¢s Eve, it not only signaled the beginning of 2004, but it also ushered in the Los Angeles Police DepartmentÃ¢â‚¬â„¢s new policy for responding to burglar alarms.
The new policy, while not an actual verified response policy, does include a verified response element that kicks in after two false alarms.
ALEXANDRIA, Va. - The Security Industry Association plans to roll out its latest educational offering, the Certified Security Project Manager, at the ISC West show, which will be held from March 31 to April 2 in Las Vegas.
LAS VEGAS - The Alarm Industry Research & Educational Foundation and the National Burglar & Fire Alarm Association have announced their inaugural joint fundraising events, to be held in conjunction with the 2004 NBFAA Spring Conference in Las Vegas.
The AIREF/NBFAA Golf Tournament is scheduled for March 30, the day before the start of the ISC West Expo, and will be held at the Revere Golf Club in Henderson, Nev.
City Councilor Lisa Joi Stancil introduced a proposal in mid-January that would pass along city-imposed burglar alarm registration fees to monitoring companies, according to the Baltimore Sun. The city enacted a law in April 2002 that required registration fees for security systems and imposed fines for repeated false alarms.
ARLINGTON, Va. - An improvement in venture capital fund-raising activity overall, and a continued interest in security-related companies in particular, is on the horizon for this year, according to the National Venture Capital Association, based here.
Few have the funds to make a digital conversion overnight, so new technology helps make the transition easier
As the security industry continues its conversion to digital products and network-based systems, a host of interim products and solutions have sprung up, designed to ease companies into this transition.
With major investments having been made in analog cameras, matrix switchers and coax pipelines for CCTV systems, few companies have the funds or inclination to make a complete digital conversion overnight.
WASHINGTON - Just days before the end of the 2003 legislative session, lawmakers began discussions on a new piece of legislation that would grant businesses tax breaks for buying security equipment, the second such bill to be unveiled in 2003.