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Beare resigns, Gunning named COO

SSN Staff  - 
06/01/2002

LEWISVILLE, Texas-Two years after taking over the reigns as president and chief executive officer of Ultrak, Peter Beare has stepped down and a new person has been brought in to return the camera, access control and manufacturer of other products to profitability.

Rufus Bond Gunning has been named chief operating officer of the company, which in recent years has struggled with an undervalued stock price and bringing product to market in a timely fashion.

Identix name chosen in Visionics merger deal

Office closings and some layoffs are planned once the deal is finalized this month
 - 
06/01/2002

MINNETONKA, Minn.-Visionics Corp.

ITG establishes a distribution center

SSN Staff  - 
06/01/2002

HONG KONG-Assa Abloy's Identification Technology Group (ITG) has opened a Hong Kong-based distribution center that will serve HID's customers in the Asia Pacific region.

Company officials expect the new warehousing and card processing operation will reduce shipping times and increase convenience to HID's Asia Pacific customers.

Intelli-Check retains firm KPMG

SSN Staff  - 
06/01/2002

WOODBURY, N.Y.

Ultrak secures new $15 million line of credit

 - 
06/01/2002

LEWISVILLE, Texas-Ultrak Inc. changed creditors and secured a $15 million line of credit from Frost National Bank.

Bankruptcy prompts ITS guard sale

 - 
06/01/2002

CLEVELAND-International Total Services sold its guard business to Houston company Willard M LLC, following an order from bankruptcy court.

The deal was for $4.

Lab conjures secure ceiling clips

PSU facility looking for partner to make, sell invention
 - 
06/01/2002

STATE COLLEGE, Pa.-A research laboratory at Penn State University has invented a small metal clip that will make secure an acoustic tile drop ceiling and is searching for a commercial manufacturing partner to mass produce it.

Security Networks buys Proton Security

 - 
06/01/2002

WEST PALM BEACH, Fla.-Security Networks, a security company that began operations here in April, acquired Lantana, Fla.

Lakeland Lock & Safe moves into downtown storefront, changes name

 - 
06/01/2002

LAKELAND, Fla.-In order to accommodate its growing residential and commercial security business, Lakeland Lock & Safe has changed its name and moved into a downtown storefront here.

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