Archive: April 2023
Hernando County School District expands ZeroEyes deployment
April 28, 2023SSN Staff
PHILADELPHIA – AI-based gun detection video analytics platform ZeroEyes announced that a Florida school district has significantly expanded its deployment of the company’s software solution.
The Hernando County School District of Brooksville, Fla., has followed up on its one-year anniversary of the successful deployment of ZeroEyes by layering its detection platform on its existing security cameras in more than 10 facilities. In addition to detection, the company said its...
ASSA ABLOY delivers positive Q1 results in midst of trial proceedings
April 28, 2023Ken Showers, Managing Editor
WASHINGTON, D.C. – All signs pointed to a positive first quarter for lock maker and access solutions provider ASSA ABLOY despite a lawsuit looming over proceedings.
On April 26 the company held its quarterly earnings call for investors where it presented some strong numbers for growth including net sales increase of 22 percent to SEK 32,391 M (26,591), with organic growth of 8 percent (14) and acquired net growth of 5 percent. President and CEO Nico Delvaux attributed...
Guetschow in as CTO at HiveWatch
April 27, 2023SSN Staff
LOS ANGELES – Physical security software company HiveWatch has announced the appointment of Rick Guetschow as its new chief technology officer.
HiveWatch stated that Guetschow will be developing the long-term strategy for technological implementation across the organization, contribute to data security management for HiveWatch, while working alongside its engineering and product teams to deliver ongoing innovation for the HiveWatch Global Security Operations Center (GSOC) Operating...
RAD releases AI-powered tracking feature
April 27, 2023SSN Staff
DETROIT – Robotic Assistance Devices (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc. (AITX), have announced the release of their new AI-based analytic providing tracking features for vehicles and humans.
The analytic is being added to a list of provisional patent applications being filed by AITX very soon. It solves what the company said are two challenges important to end users and security operations centers (SOC): The reduction of false positive alarms, and advanced...
Interface shares best practices for mall-based security
April 26, 2023SSN Staff
ST. LOUIS – Business security managed service provider Interface Systems is joining forces with businesses to hold an educational session at the upcoming RILA Retail Asset Protection conference.
The session, titled "Securing Mall-Based Retailers - Best Practices & Partnerships" is a joint project between Interface Systems and Helzberg Diamonds, Signet Jewelers, and Brookfield Properties. In its official release Interface announced that panels would include Tim Lapinski - divisional vice...
Allegion Q1 results, “Robust Demand” for NA non-residential business
April 26, 2023Ken Showers, Managing Editor
DUBLIN – It’s been a strong start to 2023 for Allegion plc as the company released its first quarter financial results during this week’s scheduled earnings call.
The company posted an organic revenue growth of 15 percent, with electronics growth for the quarter exceeding 30 percent in the Americas. Allegion's cash generation improved significantly over last year and has raised outlooks on revenue, EPS and cashflow as a result. In the call Allegion President and...
Alarm.com acquires assets of AI-based video analytics provider Vintra
April 26, 2023SSN Staff
TYSONS, Va.—Alarm.com has announced the acquisition of substantially all assets of Vintra, a software provider of AI-powered video analytics for the enterprise commercial market. Financial details of the transaction were not disclosed at the time of closing.
Integrating Vintra's software capabilities and its experienced science and engineering teams will expand Alarm.com's deep learning program and accelerate deployment of advanced video analytics solutions for the Alarm.com and...
Earnestly Speaking
April 26, 2023Ken Showers, Managing Editor
The day of this blog marks the start of several weeks’ worth of Q1 quarterly earnings calls, and it’s my greatest hope that someone will have something exciting to say.
Make no mistake, from what I’ve seen of the industry these past few months it sounds like business is booming and a lot of companies are going to post some impressive first quarter numbers, but that’s boring. “Everybody made money” is a good story, but its not a very interesting story.
So...
Iluminar announces release of StatusLight
April 25, 2023SSN Staff
IRVINE, Calif. – Manufacturer and supplier of infrared and white light illuminators, iluminar Inc., has announced the release of StatusLight.
StatusLight is an agnostic IoT indicator lamp that’s been purpose built for the security industry according to iluminar. It houses over 36 full spectrum LEDs and is compact and lightweight in its design which indicates the status of an ongoing event. The product can receive alerts from practically any source, which triggers bright colors, patterns,...
Hakimo raises $6 million in funding for product development and market expansion
April 25, 2023SSN Staff
MENLO PARK, Calif. –Hakimo has six million reasons to celebrate today thanks to a round of funding led by Rocketship.vc.
The funding round also saw participation from existing investors Neotribe Ventures, defy.vc and Firebolt Ventures as well as new investors Carrier Global Corporation, through its venture capital group, Carrier Ventures, and well-known physical security industry entrepreneur John L. Moss. Hakimo has said the capital will be used to expand into new markets as it accelerates...