We’re off to a good start

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Wednesday, January 1, 2003

Editor, Security Systems News

The coming year should be a stellar one for the security

industry. Homeland Security could pump millions upon millions of dollars into our industry as the government and private sector call upon the security industry to lead the way for securing our boarders, buildings and people.

But aside from Homeland Security, 2003 could prove pivotal in other ways. We’ve already seen traces of it in 2002 – new players entering our market or existing ones increasing their presence.

We should expect more movement from General Electric and Bosch into the security industry, and perhaps additional deals for Honeywell, which took a few years off after buying The Pittway Group of companies before embarking on another acquisition.

There’s a reinvigoration taking place in the industry, not just on the manufacturing front, but for dealers, systems integrators and central stations, as well. New companies are sprouting left and right. In the past few months alone, we’ve seen at least five new central stations that have either come into the market or plan to do so in a matter of time.

Though some may say the excitement never died down in this industry, I believe it’s safe to say there’s renewed interest and activity happening at a pace that we have not seen in quite some time. And that pace reflects positively on the stability of our industry.

The year 2003 is already off to a good start.