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ADT celebrates independence

 - 
Wednesday, October 3, 2012

I reported yesterday that The ADT Corp. had done well on the New York Stock Exchange on its first day Monday as a publicly traded company. The positive trading news seems to be continuing today. ADT’s stock was trading at $38.96 just after 2:30 p.m. today. It opened at $36, according to news reports.

To celebrate its first week as an independent company, Boca Raton, Fla.-based ADT is also gearing up for a ceremony this coming Monday, Oct. 8. That’s when the company, which has nearly 6.4 million customers in the United States and Canada and nearly 16,000 employees, will ring the opening bell at the stock exchange.

The company says that CEO Naren Gursahaney, Chairman Bruce Gordon, and CFO Kathryn Mikells and others will be joined on the bell podium by longtime customers Tom and Kathi Guarino of Glen Head, N.Y.

According to ADT, “thanks to ADT’s home monitoring system, the Guarinos were alerted last year during Hurricane Irene to dangerously high carbon monoxide levels in their home. The alarm prompted ADT’s trained call-center experts to contact local first responders, who raced to the Guarino residence and provided life-saving medical care. The family attributes their rescue to their ADT system, the company’s team of trained specialists and skilled first responders. The Guarinos also have an ADT system in their family-owned business in Glen Head and have been ADT customers for nearly 20 years.”

It sounds pretty impressive—and I’ll be there! Keep tabs on our site next week to learn more.

ADT adding monitoring jobs in Texas

 - 
Tuesday, October 2, 2012

ADT’s split from Tyco isn’t taking any steam out of the monitoring giant’s sails. In addition to becoming an independent publicly traded entity Monday on the New York Stock Exchange, it plans to add 150 jobs at its facility in Irving, Texas by the end of November.

“I think we’ve added 200 jobs in the last several months and we’re looking at another 150 as we continue to expand,” Shawn Lucht, senior vice president of operations at ADT, told NBCDFW.com on Sept. 27.

The additional jobs will be spread across many departments at the company’s Irving campus, one of the largest ADT facilities in North America. Among the departments standing to gain will be the monitoring center, one of six that the company operates.

Dinesh Chand, one of the newer employees hired at the monitoring center, told NBCDFW.com that the department has almost doubled in size during his tenure there.

“When I got here about a year or so ago, we had a little over 200 people,” he said. “Today, we have close to 400 folks here.”

The company is aiming to expand further through a pilot program with Best Buy. The consumer electronics retailer is selling ADT security systems at three of its stores, ADT CEO Naren Gursahaney recently told SSN’s Tess Nacelewicz.

Part of the approach is “to generate leads and create appointments,” he said, because the company still believes that security “is an over-the-kitchen-table type of sale.”

For anyone looking for company on the NYSE, it’s easy to find: the ticker symbol is ADT. Company officials will ring the opening bell there on Oct. 8.

Wall Street likes the new ADT

 - 
Tuesday, October 2, 2012

Yesterday marked the first day of trading on the New York Stock Exchange for The ADT Corp., the new name for independent ADT post its split with Tyco International. It did well on the market, according to news reports.

Here’s more from Dow Jones Newswires:
 

Tyco International Ltd (TYC) and spinoff [The] ADT Corp. (ADT) received warm receptions from the market during their first day of trading as slimmed-down companies focused on different parts of the market for building security and safety.

Fire-protection-and-suppression equipment manufacturer Tyco on Monday closed up 3.1% at $28.50 a share. Meanwhile, home-security-monitoring service ADT finished up 3.5% at $37.27 a share after being lower for the first half of Monday's trading session. Analysts said ADT's performance reflected investors' cautiousness about assigning a price to a company with no natural market peers.

"The shareholder profiles for these two companies are quite different," said Nicholas Heymann, an analyst for Robert W. Baird. "You've got a cyclical growth stock [in Tyco] and basically an industrial utility stock" in ADT.

Tyco, which has its headquarters in Switzerland, was once one of the world's largest industrial conglomerates. It grew over years of accelerated purchasing under former CEO L. Dennis Kozlowski, who was convicted in 2005 of larceny, securities fraud and falsifying business records stemming from schemes that allowed him to reap hundreds of millions of dollars from Tyco and its stock to support his lavish lifestyle.

Edward Breen, who replaced Mr. Kozlowski in 2002, has spent the past 10 years methodically shrinking Tyco by selling dozens of businesses and spinning off parts of the company to shareholders as stand-alone companies.

A year ago, Tyco announced plans to further dismantle the company by spinning off ADT and the company's pipe and valve business as new public companies. The pipe and valve business merged earlier this year with pump maker Pentair Ltd. (PNR), leaving Tyco and ADT as the remaining pieces of the company in the breakup.

Tyco's focus is limited to fire-protection systems and equipment used in commercial buildings and institutions such as college campuses. Its Simplex Grinnell brand of sprinklers, fire-detection sensors and video-monitoring service are market leaders.

Read more: http://www.foxbusiness.com/news/2012/10/01/tyco-ad...

 

Mass. city may have to pay for limiting fire alarm options

The state says Lowell illegally required property owners to buy fire alarm boxes from single vendor
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10/01/2012

LOWELL, Mass.—This city may end up paying rebates to property owners after it required them to buy fire alarm boxes from just one vendor, preventing them from purchasing the boxes more cheaply from other sources, according to newspaper reports.

Avigilon’s newest VMS can ‘listen and see’

Fifth release of Avigilon Control Center ‘unites best of IT, Web design and video game industries’
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09/28/2012

PHILADELPHIA—Megapixel video provider Avigilon at the ASIS show announced the details of the newest version of its VMS, the ACC 5.0, and demonstrated its ability to respond to voice commands and body movements.

Axis takes aim at small-business applications at ASIS

Network video provider targets small-camera count applications, debuts encoder with 60 fps
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09/26/2012

PHILADELPHIA—Among a slew of new offerings that network video provider Axis Communications was showing at the September ASIS show were a new 60 frames-per-second encoder and an updated version of its free software client Axis Camera Companion.

Storage capacity: Just can’t get enough sometimes

Asking the right questions and getting the calculation right
 - 
09/26/2012

In certain industries such as gaming there are very specific, mandated rules about the length of time that video needs to be retained. That should make calculating storage needs easy, at least for that vertical market, right?

Not necessarily.

Remote monitoring market exceeds $29 billion in 2011

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09/26/2012

The world market for remote monitoring services was worth more than $29 billion in 2011, with the North American market accounting for about 45 percent of revenues, according to a new report from IMS Research.

Alarm.com: ‘Reduce Your Use’ will help increase RMR

Company says new partnership with utility will save customers money and drive demand for ‘smart’ thermostats and security systems
 - 
09/26/2012

VIENNA, Va.—Alarm.com has found a new way to tap into consumers’ growing interest in saving energy: It is partnering with a California utility in a program that gives Alarm.com customers extra savings on their utility bills if they cut energy usage during peak demand times.

Telguard kit upgrades 2G communicators facing ‘sunset’

Commercial units can be converted to 3G/4G while preserving UL certifications
 - 
09/26/2012

ATLANTA, Ga.—Telguard, a provider of wireless alarm monitoring solutions, has rolled out a conversion kit that allows dealers to upgrade their commercial 2G cellular communicators to 3G/4G without voiding UL certifications at the installation site.

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