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Elan expands into U.K. market

 - 
12/01/2002

LEXINGTON, Ky. - Poised to capture a market in which custom audio-visual and automation systems for the home have only recently become popular, Elan Home Systems has introduced its full line to the United Kingdom.

Protection One restates earnings for two quarters

 - 
12/01/2002

TOPEKA, Kan. - An error in applying a new accounting standard to Protection One's financial results has caused the company to restate its first and second quarter earnings results, but officials said the restatement will have no impact on the company's ability to meet its debt covenants.

Westar forced to reorganize; chief executive indicted

SSN Staff  - 
12/01/2002

TOPEKA, Kan. - Westar Energy Inc.

Brink's hits milestone

After reaching 750,000 accounts, the home security company aims for millionth customer mark
 - 
12/01/2002

IRVING, Texas - Brink's Home Security announced in early November it had hit 750,000 customers, reaching a major milestone in the company's growth and inching closer to its closest competitor despite never having made a major acquisition.
The company, which has 90 percent of its account base in the residential market, saw its installed base increase by more than 77,000 installations in the first three quarters of 2002, an increase of about 15.

Home controls company launches manufacturing arm, expands base

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12/01/2002

IRVINE, Calif. - A 10-year-old home controls maker here has launched a new division to better target its dealer and integrator base with its products and expand its distribution platform.

Briefs

SSN Staff  - 
12/01/2002

GE Capital to wind down equity fund

STAMFORD, Conn. - GE Capital announced in late October it would wind down its investment in its $3 billion private equity fund, called GE Equity, to protect the company against what it termed "volatile investments.

Security firm a 'no call' offender

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12/01/2002

CHESHIRE, Conn. - A two-location home security firm based here paid the state $25,000 to settle charges that the security firm violated Connecticut's new No Call list.

Security company sells with superheroes, comic book figures

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11/01/2002

HIGHLAND PARK, Ill. - A 28-year-old security company here known for its unorthodox marketing techniques has struck a deal to bring Spiderman, Captain America, The Hulk and other superheroes to Chicago as part of a new marketing campaign.

Philips pioneer in networking technology

 - 
11/01/2002

AMSTERDAM - Philips Semiconductor is among a host of technology heavyweights involved in the development of a new low-cost wireless networking protocol that is intended to become the industry standard for networking automation devices in the home.

Branded Zigbee, the protocol is a low data rate, low power consumption wireless technology that eventually could be used in everything from wireless home security systems, remote lighting and thermostat controls, call buttons for the elderly and disabled and wireless smoke and carbon monoxide detectors.

AlarmForce posts record growth, revenue numbers

 - 
11/01/2002

TORONTO - Security manufacturer and installer Alarm Force has posted another successful quarter with its aggressive mass marketing model, recording an increase in revenues of 23 percent and net income growth of 25 percent.

With 30 offices and 100 employees across Canada, Alarm Force has been able to grow to a base of more than 33,000 accounts through organic growth, and without generating much debt, said Joel Matlin, Alarm Force president and chief executive officer.

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Poll

SSN News Poll November 2014

The Custom Electronic Design & Installation Association's CEDIA Expo is a home technology trade show with products and training related to audio, video, control, security and networking—and it's growing. CEDIA says the 2014 event, held Sept. 10-13 in Denver, had more than 18,500 attendees, an increase of 3 percent, and floor space increased 14 percent for the 480 exhibitors. But is this show growing in importance for the security industry? Tell us what you think.

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