Archive: March 2002
Home Director partners with N.C. developer
March 1, 2002SSN Staff
MORRISVILLE, N.C.-Home Director Inc. has teamed up with a Houston-based master-planned community developer to integrate structured wiring in 4,000 homes over the next two-and-a-half years.
The partnership with Land Tejas is not the first between the two companies. Home Director and Land Tejas first worked together in 1998 when Land Tejas become one of the first companies to deliver Home Director's product to homeowners.
"Our original 1998 partnership with Land Tejas was a key starting point for...
Midwest city investigating licensure
March 1, 2002SSN Staff
WEST DES MOINES, Iowa-City officials here are considering instituting a licensure requirement for alarm companies that's included in a fire code before the City Council.
The consideration comes amid a growing number of false alarms, about 60 every month, or 43 percent of all fire calls, according to city fire officials. That's compared to a national average of about 10 percent, according to the National Fire Protection Association.
The city already has a fee schedule for repeated false alarms that...
Networker to buy BeAtHome.com
March 1, 2002SSN Staff
FARGO, N.D.-Wireless home automation company BeAtHome.com announced in January it had agreed to be acquired by home connectivity platform developer Echelon Corp., an acquisition that is expected to be completed by the end of this month.
Company officials from San Jose, Calif.-based Echelon said their interest in the company lay in the potential combination of BeAtHome.com's platform, an Internet-based platform that offers home owners, property managers or other end-users remote control over...
Valley National Gases chief steps down
March 1, 2002SSN Staff
WHEELING, W. Va.-The head of Valley National Gases, an industrial gas distributor with a line of fire protection equipment, will step down from his post to pursue other interests, company officials announced in early February.
Lawrence Bandi, who has served as president and chief executive officer of Valley National Gases for 28 years, will retire on April 1.
The company, along with its packaging and distribution of industrial, medical and specialty gases and welding supplies, distributes portable...
Simplex opens new headquarters
March 1, 2002Mary Raitt
WESTMINSTER, Mass.-Global fire detection and security systems provider Simplex Time Recorder Co. opened a new headquarters and operation center this spring, a move company officials say reflects double-digit growth.
In April, Simplex moved from its century-old Gardner, Mass. site to consolidate its business in a 176,000-square-foot facility on 300 acres which will house all research and development, manufacturing, distribution, marketing and administrative operations. Employees at the former...
Math Associates Inc. reforms as Liteway
March 1, 2002Chelsie Woods
HICKSVILLE, N.Y.-The man who founded fiber optic transmission manufacturer Math Associates in the late 1970's has formed a new corporation that manufacturers an updated version of the old products.
Irwin Math, who co-owns Liteway Inc. with Joseph Georgiano, started the company a year ago after leaving Communication Specialties, the company that bought Math Associates several years ago. In January, Math and Georgiano began shipping product from their newly renamed company.
"Liteway is in the line...
Counterforce USA completes acquisitions
March 1, 2002SSN Staff
HOUSTON-Counterforce USA announced in January it had completed the acquisitions of Alarm Processing Corp. and A-Link USA, deals that the company initially announced in July.
The combined companies provide wholesale alarm monitoring, dealer funding programs, financial services, and customer and dealer support.
Counterforce USA is a wholly owned subsidiary of Chubb plc, a $2 billion global company.
National Monitoring Center operational
ALISO VIEJO, Calif.-National Monitoring Center, which opened...
Joint venture plans for ADI cancelled
March 1, 2002Chelsie Woods
SYOSSET, N.Y.-Five months after announcing plans to find a joint venture partner for product distributor ADI, Honeywell officials say that's being called off.
No reasons was given for the decision, which was announced in mid-February. Officials declined to elaborate further on a company issued press release and clarify what Honeywell meant by finding "a joint venture partner" for ADI.
"This action is clearly an affirmation of ADI's strategic importance to Honeywell," said Roger Fradin,...
Diebold sees higher revenues and earnings
March 1, 2002SSN Staff
NORTH CANTON, Ohio-Diebold Inc. reported its highest earnings per share in the company's history and a steep 22 percent rise in its security revenues for the company's fourth-quarter and year-end results, for the period ending Dec. 31.
The company's security business saw a rise from additional business from former Mosler customers seeking service, the company said. Diebold bought the remain-ing assets of the defunct company, which declared bankruptcy and liquidated last year, for $28 million.
The...
Combustioneer adds fire, security units
March 1, 2002Andrea Gura
ROCKVILLE, Md.-Combustioneer Corp., a mechanical and electrical contractor here, has formally launched a new life safety division to more strategically focus on the fire protection and security systems work the 75-year-old company has had a hand in for many years.
With the new division, which now employs about 10 fire alarm testing and design technicians and six field technicians for security, the company expects to sign on a host of new customers, from both its existing customer base as well...