Suppliers

TOKYO—i-PRO Chief Product Officer Gerard Figols describes the launch of the company’s new lineup of High Zoom Bullet cameras as an opportunity to “see where we were not able to see before.”  Figols unveiled the new line of advanced edge artificial intelligence (AI) cameras during the final day of i-PRO’s Global Press Summit in Tokyo, citing its ability to offer “a sharper, a more intelligent vision.”   “Why? Because we are expanding...

AUSTIN, Texas — HID has acquired IXLA, an Italian manufacturer of advanced laser and color personalization systems for cards and passports. HID said that the addition of IXLA expands its card and passport personalization portfolio, particularly in European markets and emerging economies. “Welcoming IXLA into the HID family demonstrates our commitment to providing convenient and efficient document personalization solutions across a variety of industries,” said Björn Lidefelt,...

WEST PALM BEACH, Fla. — Activist investor group Elliott Investment Management has built a $5 billion dollar investment in Honeywell International inc. and is calling for the company to simplify its conglomerate structure. In a letter addressed to the Honeywell board of directors, Elliott outlined that while the company has been an “…iconic pillar of the American industrial complex,” it has recently shown signs of inconsistent financial performance and uneven...

SCOTTSDALE, Ariz. — Resideo Technologies President and CEO Jay Geldmacher has announced his plans to retire in 2025.  During a conference call to discuss the company’s third quarter 2024 financial results, Geldmacher said he plans to remain CEO until a successor is appointed and after that he plans to serve as a senior advisor to ensure a smooth transition.  “It’s been my privilege to lead the company for the last four and a half years,” he said. “I’ve...

AMITYVILLE, N.Y.— NAPCO Security Technologies saw strong radio sales and recurring service revenue (RSR) but struggling locking sales in the first quarter of its fiscal year 2025.  RSR saw a prospective annual run rate of approximately $85.2 million based on October 2024 RSR, compared to $83.5 million from July 2024 RSR.  “The increase is due to the continued strength of our line of StarLink radios, particularly our StarLink fire radios,” said CFO Kevin Buchel during...

DUBLIN—Allegion President and CEO John Stone cited two key factors that contributed to a strong third quarter: stable markets and strong execution.   “Q3 marks another quarter of strong execution by the entire Allegion team, resulting in revenue growth and margin expansion, demonstrating the resilience of our business model,” he told investors during the company’s 2024 Q3 earnings call. “I'm especially pleased with the top-line growth in the quarter,...

DUBLIN—Allegion, a global security products and solutions provider, has added to its safety and security portfolio with the acquisition of SOSS Door Hardware (SOSS). Terms of the transaction were not disclosed. A manufacturer of premium hinges and door hardware, SOSS primarily sells its solutions in North American non-residential markets. Founded in 1903 and headquartered in Pioneer, Ohio, the company invented the concealed hinge; today, it’s signature SOSS Invisible Hinge, as well...

STOCKHOLM, Sweden—ASSA ABLOY announced it has signed an agreement to sell its Citizen ID business to TOPPAN. The Citizen ID business area of HID manufactures, designs, and implements physical and mobile identity solutions for government to citizen programs around the globe. Citizen ID has some 450 employees with manufacturing facilities in Ireland, Malta and the U.S. Sales in 2023 amounted to about SEK 1,300 M. "I find it very satisfying that with TOPPAN, Citizen ID and its employees...

ORLANDO, Fla.—Securitas Technology launched the Environmental Sustainability Initiative at the Global Security Exchange (GSX) 2024, a collaborative effort between the company and its clients and partners to ensure a more sustainable future.  The Sustainability Initiative is structured to align with the Science Based Targets initiative (SBTi), a corporate climate action organization that enables companies worldwide to play their part in combating the climate crisis. Among the...

ORLANDO, Fla.—AMAG Technology President David Sullivan says he’s made two key changes since joining the company two years ago: rebuilding the company’s executive management team and raising awareness of its product portfolio.  Sullivan has added new blood to the team – to the tune of about 60% turnover – including Kyle Gordon, the company’s executive vice president for global sales, marketing and commercial excellence.  “He came to us from...