Archive: 2002
Business booms for Federal Lock and Safe
December 1, 2002Chelsie Woods
ARLINGTON, Va. - Systems integrator Federal Lock and Safe is poised for additional growth in the coming months, with plans to hire up to eight additional technicians by February and an eye cast towards a second location.
Business has been booming for this Washington area company, which started as a locksmith company in the late 1980's and evolved to include access control and CCTV due to client demand. The company has seen demand for security services increase since the terrorist attacks of Sept....
Silent Witness eyes land, new building for growing company
December 1, 2002Chelsie Woods
SURREY, B.C. - Camera manufacturer Silent Witness is looking to build a new facility here that would provide more room for the company's growing business.
In early October, Silent Witness entered into an agreement to buy 11.9 acres of land for $3 million Canadian. Over the next month, company officials plan to look at options, such as whether Silent Witness would own the building or lease it from a developer.
"Because there's no existing inventory here, we took the step of securing land and examining...
Wireless touted as next wave
December 1, 2002Joanne Friedrick
Despite the fairly rapid changes taking place in the video transmission market, spurred by the acceptance of digital technology and improved bandwidth and compression scenarios, industry players are already looking ahead to the next wave of technology.
Craig Scott, director of marketing and product management for Silent Witness, said "the next move is to wireless. We see a whole pile of technology coming out in the next 18 months."
Despite what he called "the old school in security that says there's...
False alarm ordinance watch
December 1, 2002SSN Staff
Botetourt County, Va.
County officials are embarking on a public awareness campaign to lessen the number of false alarms.
Plans could call for an alarm ordinance that would penalize repeat alarm offenders with fines, according to a report in the Roanoke Times & World News, if the public awareness campaign is ineffective.
In 11 months, the county responded to 840 false burglar alarm calls and 92 false fire alarm calls. County officials plan to look at false alarm numbers in six to eight months...
Diversified adds Lifrieri to board
December 1, 2002Mike Higgins
SADDLE BROOK, N.J. - Diversified Security Solutions Inc., a systems integrator based here, has a new face on the company's board of directors.
On Oct. 28, Executive Vice President Sal Lifrieri, who joined the company in August, was elected to the board during the annual shareholders meeting.
"Sal's management skills and knowledge of the security systems business will be a valuable asset to our board of directors," said James Henry, Diversified Security Solutions chairman and chief executive...
Former Central Sprinkler exec gets accused of insider trading
December 1, 2002Chelsie Woods
LANDSDALE, Pa. - The Securities and Exchange Commission has filed a lawsuit against a former senior officer at Central Sprinkler Corp. alleging insider trading.
The lawsuit was filed at the end of October against William Pardue, who worked for the sprinkler manufacturer for more than 20 years, It alleges Pardue made more than $140,000 by using confidential information that Tyco International planned to buy Central Sprinkler Corp. Tyco announced plans to buy Central Sprinkler in June 1999.
Celia...
We're only a phone call away
December 1, 2002Chelsie Woods
Editor, Security Systems News
Not a day goes by here at Security Systems News where either editorial or our sales department doesn't field a call from a person inquiring about how to work with the editorial department and get coverage in our pages.
It's actually really simple, more so than many people realize.
Sometimes all it takes is a telephone call and building a relationship with one of the editors here. Tell us what you're up to, if not by phone then by email.
We want to know what your...
Security firm a 'no call' offender
December 1, 2002Andrea Gura
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.
Home & Life Security was cited by state officials for making unsolicited calls to Connecticut residents whose names appeared on the list. The company was also charged with making repeated calls to consumers who had directed the company not to call them again and for not clearly identifying itself to the consumer. The calls were made...
Westar forced to reorganize; chief executive indicted
December 1, 2002SSN Staff
TOPEKA, Kan. - Westar Energy Inc. was told by state regulators in early November that the company would have to restructure its operations amid concerns that the company was forcing its electrical ratepayers to shoulder debt from its non-regulated utilities, including its 88 percent share in Protection One.
The order from the commission came one day after David Wittig, Westar's chief executive officer was indicted on conspiracy and money laundering charges by a federal grand jury on Nov. 7. The...
Protection One restates earnings for two quarters
December 1, 2002Andrea Gura
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.
Protection One's new accounting firm, Deloitte & Touche, whom the company hired in May to replace Arthur Andersen LLP, noticed errors had been made in applying SFAS 142 to the first quarter financials when reviewing...