Archive: June 2002
Financing activity predicted to rise as year progresses
June 1, 2002Joanne Friedrick
Financing activity predicted to rise as year progresses
How do capital providers view 2002?
With optimism and an eye toward new business and increased acquisitions activity, according to interviews with Security Systems News.
While the pendulum has swung in a conservative direction over the past year, Henry Edmonds, chief executive officer of SLP Capital in St. Louis, said it's heading back to where it had been.
"We're coming to the end of the cycle," he said, noting markets and values are stabilizing....
Telular and Sonitrol announce distribution agreement
June 1, 2002SSN Staff
VERNON HILLS, Ill.-Telular Corp. and Sonitrol Corp. have agreed to distribute Telular's Classic series of UL-listed back-up products through Sonitrol's franchise network of more than 150 dealer locations. The celluar back-up products, called Telguard Classic, are expected to increase sales for Sonitrol due to affordable pricing and ease of installation, according to a recent press release.
The products communicate wire-lessly over existing cellular networks. The Telular products connect to Sonitrol's...
Custom System rides the wave
June 1, 2002Chelsie Woods
BERMUDA DUNES, Calif.- Custom System Technologies is riding the wave of growth in its community. With more installation jobs thanks to a construction boom in Coachella Valley near Palm Springs, the integration company recently moved into larger offices and hired four new employees.
"The valley has grown dramatically over the past few years, in new home construction and office building construction," said Mike Deveso, director of sales and marketing at Custom System Technologies. "The valley...
Tyco abandons breakup plan
June 1, 2002Andrea Gura
PEMBROKE, Bermuda-Only a few months after stunning the market with its plans to split into four companies its well-oiled conglomerate, Tyco International an-nounced in late April that it was abandoning its strategy to breakup the company, including its plans to split apart its Fire & Security division, which encompasses ADT Security Services.
The termination of the plan follows months of slumping company stock prices, which fell from nearly $60 per share late last year to a five-year low of...
Amcest partners with hardware and software video suppliers
June 1, 2002Chelsie Woods
ROSELLE, N.J.-Dealers who monitor their accounts with Amcest Corp. can now offer video monitoring services to their customers.
Amcest recently teamed up with two companies who provide this service -- WebEyeAlert and Digital-Parts. WebEyeAlert is a software solution company that enables cameras to be monitored over the Internet, while Digital-Parts offers instead a hardware-based system.
"It's an extension of what we've been doing, which is to provide dealers with items that represent recurring...
Companies launch senior monitoring system
June 1, 2002Andrea Gura
YORKTON, Saskatchewan-A three-location monitoring company and a Canadian equipment manufacturer have partnered to offer a new in-home monitoring system that targets the senior citizen facility population.
SecurTek, a contract monitoring company with central stations in Calgary, Alberta; Winnipeg, Manitoba and at its headquarters here, will provide the monitoring for SecurTek SafetyNet, a system that is installed in a senior housing complex or other multi-dwelling senior facility that can provide...
Honeywell picked for canal security
June 1, 2002SSN Staff
SYOSSET, N.Y.-The Panama Canal Authority has selected Honeywell's Security and Fire Solutions business to provide access-control and closed-circuit TV security solutions for the authority's multi-facility canal operations.
The multi-million dollar project will be completed in phases. It will provide enhanced security for facilities at the Panama Canal that include 3,100 employees and cover more than 100,000 square feet spanning the entire 48-mile length of the canal. More than 12,000 sea-faring...
ITI line now available through select distributor channels
June 1, 2002Chelsie Woods
NORTH ST. PAUL, Minn.-For the first time, the ITI line of products is being made available through independent distributors and could soon be sold through ADI.
The move from selling products direct from the manufacturer to adding distributors is expected to make it easier for dealers to buy ITI's products and enable the product line to reach a broader audience, said Reed Grothe, vice president of sales for the Security and Life Safety Group of GE Interlogix.
It's also a critical step, he said,...
Simplex opens new headquarters
June 1, 2002Mary Raitt
WESTMINSTER, Mass.-Global fire detection and security systems provider Simplex Time Recorder Co. opened a new headquarters and operation center this spring, a move company officials say reflects double-digit growth.
In April, Simplex moved from its century-old Gardner, Mass. site to consolidate its business in a 176,000-square-foot facility on 300 acres which will house all research and development, manufacturing, distribution, marketing and administrative operations. Employees at the former...
Town amends condo sprinkler law
June 1, 2002SSN Staff
HOFFMAN ESTATES, Ill.-The Village Board voted in May not to include existing apartment, condominium and religious buildings from requiring sprinklers in every unit and common areas.
Instead, only new construction must comply with the regulation, which requires additional sprinkler systems in bedrooms, sitting rooms and hallways. Previously, builders only had to install sprinkler systems in areas near heat and gas sources.
Commercial buildings larger than 1,000 square feet have until 2010 to comply...