Archive: April 2005
The Protection Bureau upgrades to Millennium, receives 12th-million signal
April 28, 2005Jeffrey Sanders
EXTON, Pa. - As part of the company's effort to attain UL-listing, The Protection Bureau upgraded its central station software to Micro Key Software's Millennium platform and at the same time received its 12th-million alarm signal.
The Protection Bureau previously operated Micro Key's CS-1 platform for approximately 10 years. Founded in 1975, the systems integrator monitors 5,000 accounts and does not provide third party monitoring.
"Our plan by upgrading to Millennium is that we will be able to...
Stanley secures airport with access control system
April 28, 2005SSN Staff
INDIANAPOLIS - Stanley Security Solutions, a provider of access control and security systems, signed a contract in April to install an integrated access control system at a new Thailand airport.
Stanley installed its PAC SecureNet integrated access control solution on 600 controlled doors at the Suvarnabhumi International Airport in Bangkok. The project was developed and completed through Stanley Security Solution's PAC International division and represented one of its largest single installations...
FKI adds EXL Safe to its bag of tricks
April 28, 2005Rhianna Daniels
NEW ALBANY, Ind. - FKI Security Group completed an acquisition of commercial safe manufacturer EXL Safe Corp. in the beginning of March - a deal that expands FKI's product line and geographic reach.
Other than bringing a heavier plate safe to the FKI product line - the company's forte lies in electronic and intelligent safes - it allows the company to address customer needs by expanding its distribution capabilities.
"We can better serve our customers and manufacture better with offices on the...
Optelecom bulks up with NKF
April 28, 2005SSN Staff
GERMANTOWN, Md. - Following the acquisition of NKF Electronics, Optelecom changed its name to Optelecom-NKF to better reflect the impact of the deal on the merged company's product line and geographic reach.
Optelecom completed the $26-million acquisition in the first quarter of this year, purchasing the company in a combination cash and stock deal from NKF's former parent company Draka Holding, an Amsterdam-based holding firm with subsidiaries that provide cable and cable systems.
Prior to the...
ISC West 'story is in the numbers'
April 28, 2005SSN Staff
LAS VEGAS - Security professionals who strolled through the aisles at the 2005 International Security Conference & Exposition West contributed to an 11-percent increase in attendees in comparison to last year's show.
This year the show also expanded its geographic borders. ISC recorded international representation from more than 75 countries. According to Reed Exhibitions, international attendance increased to 13 percent of total attendance compared with 11 percent in 2004.
Reed Exhibitions, organizer...
Game point: Henry Brothers secures contract for USC sports complex
April 28, 2005SSN Staff
NEW YORK - Henry Brothers Electronics, a subsidiary of Diversified Security Solutions, landed a contract in mid-April to install an integrated security system for the University of Southern California's new Galen Center.
The center, which is currently under construction and is scheduled to open in the fall of 2006, will be a 10,230-square-foot facility that will host an estimated 150 events per year, including USC's men's and women's basketball and volleyball games.
For part of its work on the...
Finance firm scoops up SLP Capital
April 22, 2005SSN Staff
ST. LOUIS - Commercial finance firm CapitalSource has bought one of the most well-known names in financing for the security industry, acquiring SLP Capital in early April.
The sale follows a management change at SLP Capital, with former co-founder Henry Edmonds leaving the firm last year, and a liquidity issue in the security market. In recent years a number of finance companies for the market, including ADT Security and MCG Capital, either changed their financing scope or all together left the...
Case dismissed
April 15, 2005Derek Rice
SALT LAKE CITY - A judge this week dismissed charges against Jeff Howe, the Peak Alarm Co. central station manager accused of providing false information to police.
On Monday, Judge Paul Iwasaki threw out the charges after the prosecution presented its case, citing a lack of evidence to support the charge. If he had been found guilty, Howe would have faced a fine of $650 and six months’ probation, which could have led to the revocation of his license to work in the security industry,...
Voxcom announces special meeting of shareholders
April 15, 2005SSN Staff
EDMONTON, Alberta - Voxcom Inc., a full-service provider of security and alarm systems, has called a special meeting of shareholders to consider an amendment resolution that, if approved, would allow the company to redeem all of its issued and outstanding common shares at a price of $1.03 per share. The meeting will take place on May 7, 2004.
Voxcom’s board of director’s has already approved the resolution and has recommended that shareholders vote in favor of the amendment. The recommended...
Securex’s offer for a number of Microtec shares extended
April 15, 2005SSN Staff
ST-AUGUSTIN, Quebec - The deadline has come and gone for Securex’s offer to purchase up to 971,050 shares of Microtec Enterprises, a provider of residential and commercial security services.
The offer, which was originally open for acceptance until March 26, has now been extended until April 16, according to Kevin Hooke, vice president of corporate finance at Wellington West Capital and a spokesman for Securex.
Hooke noted that Securex, a provider of financial services to the security...