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Archive: March 2002


General News

SAFE and SAFE Financial move to new headquarters

March 1, 2002SSN Staff

SAN RAMON, Calif.-SAFE and SAFE Financial have moved into a new 35,000 square-foot building here which is more than three times larger than the company's previous facility located here. Paul Sargenti, chief executive officer of both SAFE and SAFE Financial, said that the new facility will allow the company to serve its current customers more efficiently with updated data processing and telecommunications technologies. The decision to expand was also driven by an aggressive growth forecast and strategy...

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Tyco to split, to create four companies

March 1, 2002Andrea Gura, Chelsie Woods

PEMBROKE, Bermuda-Tyco International's security division is slated to become a standalone company sometime this year as part of the multi-billion dollar conglomerate's plans to create four independent, publicly traded companies. Plans call for security and electronics to join together, becoming the largest of the four businesses. It reported $17.6 billion in revenues in 2001 and has well-known brands such as ADT Security Services, Sonitrol, DSC and the former Sensormatic manufacturing company. Fire...

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General News

Alarm company held responsible for teller's death

March 1, 2002SSN Staff

TAVARES, Fla.-A jury in Lake Circuit Court ruled in February that a Tampa alarm company is partially responsible for flaws in security that led to a death of a teller and the paralysis of another during a 1999 bank robbery in Mount Dora. Foreline Security was responsible because there were no panic buttons at the teller stations, argued a lawyer for the teller who was paralyzed in the incident, according to a report by The Associated Press. Attorneys for Foreline countered that it was the bank's...

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General News

Newspoll Results

March 1, 2002SSN Staff

We sent a newspoll to our Security Systems News Newswire subscribers asking them what they think about Tyco's plan to purchase DSC. Here's the question we asked, how people responded and comments some of you made. Question: What type of an impact do you think Tyco's planned purchase of security product manufacturer DSC will have on the security industry if approved by federal regulators? 51% - Very Significant 39% - Significant 7% - No impact 3% - No opinion   "Frankly, I'm very concerned...

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Fire Systems Installation

Diversified Fire expands as competitors cut-back

March 1, 2002Chelsie Woods

CHARLOTTE, N.C.-At a time when many of its competitors are cutting back on staff, Diversified Fire Protection is expanding -- opening offices in two new locations and adding a sprinkler fabrication shop in its recently relocated Wilmington, N.C. branch. The growth of the full service fire protection firm comes as no surprise to owner John Wheeler, III, who started the company seven years ago. "I think it's because we're on the cutting edge of technology and I believe we have the most experienced...

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Suppliers

Security Networks buys Proton Security

March 1, 2002RoJean Tulk

WEST PALM BEACH, Fla.-Security Networks, a security company that began operations here in April, acquired Lantana, Fla.-based Proton Security in June. The purchase marks the first of several acquisition Security Networks intends to make as part of a strategic plan to expand throughout the Southeast. "We intend to become a significant player in the region," says Richard Perry, Security Networks' president and founder. "We're looking at a number of opportunities to acquire quality (security) companies." Proton...

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Fire Systems Installation

Kidde reports flat earnings for 2001

March 1, 2002SSN Staff

Fire protection products generated half of profits LONDON-Kidde PLC, a worldwide fire products supplier, said in January that falling sales in its aerospace sector would not be offset by cost-cutting measures the company put in place in 2001. Although sales in that division, stemming from the slowing U.S. economy, the Sept. 11 terrorist attacks and a drop in air travel, fell 25 percent, the company did see some recovery in October and November. Sales of fire protection products to that industry...

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Suppliers

Guardall N.A. rebranded as Verex

March 1, 2002Chelsie Woods

MISSISSAUGA, Ontario-A two year license that allowed Guardall North America to continue to use its name after its parent company Williams PLC demerged has nearly expired, requiring the access control manufacturer to come up with a new name. The company will now be known as Verex, a name that will be unveiled during the ISC Show in Las Vegas early this month. "The strategy was to come up with a name that was modern, short and didn't create any language problems," said Ron Flook, general manager....

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Suppliers

Alarm Detection loses lawsuit against Hinsdale

March 1, 2002Chelsie Woods

HINSDALE, Ill.-Alarm Detection Systems' battle to overturn a village ordinance that required commercial fire systems to be monitored by the fire department ended in December when it lost its appeal with the Appellate Court of Illinois. In its de-cision, the court reaffirmed its earlier judgement, which said that the village has the right to require commercial properties to directly link their fire system to the fire department. "The village is extremely pleased that the Appellate Court agreed...

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Monitoring

Anti-attrition product to launch

March 1, 2002Andrea Gura

ADDISON, Texas-A company that works with IT and telecom companies to help improve customer retention is taking its product to the security market to improve attrition rates. Jim Farrell, a former accountant at Brink's Home Security, and Steve Sanazaro, who has worked with many companies to turnaround or reposition them, are taking their SuccessMatrix service to companies in the industry. Sanazaro, chief executive officer of their consulting company Synctive, based here, said the service can be...

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