Archive: July 2005
Protection One pays on belated due date; elects Enis as chairman
July 29, 2005SSN Staff
TOPEKA, Kan. - Protection One has announced that it has made a semi-annual interest payment of approximately $7 million on the outstanding $190.9 million aggregate principal amount of its –7 3/8 percent senior notes due in 2005.
The commercial and residential security service provider had previously deferred payment, which was due on February 17, to re-evaluate the potential effects of Westar Industries’ sale of its 87 percent interest in the company. Under the terms of the indenture...
Acquisition adds significant size to ASG Security
July 29, 2005SSN Staff
BELTSVILLE, Md. - ASG Security has doubled its employee base and substantially grown its business thanks to its recent purchase of Argus Security Systems in McAllen, Texas.
The acquisition, which closed last week, brings ASG Security’s account base to 42,000 customers and 250 employees. Argus Security is known as one of the largest security companies in the Rio Grande Valley area and has a niche of providing CCTV, security and fire suppression systems to restaurants.
“We...
Distribution agreement expands network camera applications
July 29, 2005SSN Staff
LAKE SUCCESS, N.Y. - Video camera company Canon U.S.A. is broadening its portfolio of products, partnering with Videolarm to distribute its indoor and outdoor domes.
The agreement is for Canon to sell four versions of Videolarm’s eight-inch FusionDome products. The domes are scheduled to be available from Canon this summer.
According to Yukiaki Hashimoto, senior vice president and general manager for Canon’s Consumer Imaging Group, the line of domes have been configured to work with...
Integrator wraps up series of school, university projects
July 29, 2005SSN Staff
ROBINSON TOWNSHIP, Pa. - Systems integrator and telecommunications company The Comm Group recently announced it has completed several contracts totaling approximately $1.3 million in work.
One set of projects involved $500,000 of work for four schools districts. The Upper Saint Clair, Mount Lebanon, Pleasant Hills and Chartiers Valley schools districts in Pennsylvania were outfitted with systems that ranged from security, fire, sound and computer network infrastructure.
Another round of projects...
GVI Security awarded port security contract
July 29, 2005SSN Staff
CARROLLTON, Texas - GVI Security Solutions has announced that it has been selected to provide components for a $1.5 million upgrade to the closed-circuit television system of a substantial U.S. port.
Under the contract, GVI will supply an integrated CCTV solution incorporating the company’s Digital Watchdog digital video recorders, intelligent PTZ and smart mini-dome cameras.
This is the second port contract the company has received in the past 12 months. Nazzareno Paciotti, chief executive...
Counterforce increases its U.S. market share
July 29, 2005SSN Staff
HOUSTON - Counterforce USA, a security services provider here, is continuing to expand its North American market share with its purchase of a Detroit-based residential and commercial alarm company.
Counterforce, a subsidiary of Chubb, acquired the assets of Acceptance Alarm at the end of March for an undisclosed amount - adding approximately 400 accounts to its portfolio.
“Counterforce already had a fairly significant base of accounts in Detroit,†said Ron Davis,...
Associations partner on alarm data exchange
July 28, 2005Jeffrey Sanders
VIENNA, Va.â€â€The Central Station Alarm Association solidified a partnership with the Association of Public-Safety Communications Officials International that promises to improve emergency dispatches.
The APCO Standard for Alarm Data Exchange creates a protocol that will enable central stations to send confirmed alarm information directly to public service answering points.
“The intent of the partnership is to develop an interface for alarm companies to communicate...
Security Networks buys a ticket northward
July 28, 2005Jeffrey Sanders
WEST PALM BEACH, Fla.â€â€Consistent with the company’s growth strategy, Security Networks acquired Tri-State Alarm Company, a full-service installation company, for $17 million and increased its reach across the East Coast.
Security Networks purchased Tri-State Alarm in late July at a public auction conducted by Safe Financial, which had foreclosed on the company’s loans. Tri-State, based in Broomall, Pa., has more than 13,000 residential customers...
Stanley: To NASA and beyond
July 28, 2005SSN Staff
INDIANAPOLIS–Calling it an opportunity to expand its reach to NASA and beyond to other government departments, Stanley Security Systems, an access control and security system provider, on July 22 announced it won a $4.8 million contract from NASA.
Stanley will develop and install a smart-card based building-access control and security system.
This installation is part of NASA’s common badging and access control systems, and an extension of an earlier project Stanley...
Cryptometrics to expand
July 28, 2005Martha Entwistle
TUCKAHOE, N.Y.–Biometrics firm Cryptometrics intends to use the $17.5 million in new financing that it collected this month for acquisitions, expanding research and new personnel.
“I anticipate growth and acquisitions in the next two- to three quarters,†said David Taffet, chief financial officer and chief operating officer of Cryptometrics.
The new financing, announced July 13, is the company’s third and was raised through a private...