Archive: April 2002
Economic stimulus bill small boon for security
April 1, 2002Andrea Gura
WASHINGTON-A $42 billion federal bill meant to spur commercial spending on security and other business equipment was signed into law in early March, the remains of a well-publicized and hotly debated federal economic stimulus package that was introduced by President George W. Bush shortly after Sept. 11.
The new law, called the Job Creation and Worker Assistance Act of 2002, creates a bonus first year of depreciation of 30 percent over the next three years for capital equipment purchased between...
ADT office subject of weekend burglary
April 1, 2002SSN Staff
TAMPA, Fla.-An ADT Security office was broken into in early March, according to a report in The Tampa Tribune.
At about 8:15 a.m. on a Monday morning, an employee discovered that a laptop computer, worth about $3,500, was missing. A sheriff's report said that the robbery had occurred between 6 p.m. Friday evening and Monday morning. A locked office had been pried open.
False alarm rate hits 99.8 percent, county imposes fines
CLAY COUNTY, Fla.-County commissioners here in March enacted an ordinance...
Shipp resigns from top post at the NBFAA
April 1, 2002Chelsie Woods
SILVER SPRING, Md.-Brad Shipp, who has headed the National Burglar & Fire Alarm Association for the past five years, unexpectedly announced his resignation in March during the ISC Show in Las Vegas.
Shipp's resignation as the association's executive director comes amid varying views with the association's recently elected executive officers. The officers, elected last year, are set to formally take their seat in July.
"Each year there are elections and there's a change of leadership within the...
The new future of monitoring
April 1, 2002Cliff Dice
As technology continues to develop, and as communication and security needs continue to merge, the role of the central station will become ever more important to today's society.
People live their lives at a fast pace, and they require technologies that allow them to do so with convenience and security. In this era of cell phones, pagers and long-distance commutes, the security industry must continue to develop solutions for today's public.
In trying to achieve these solutions, the alarm industry...
Download the latest Security Stats
April 1, 2002SSN Staff
To download the latest .pdf file of Security Stats, just click on the link below;
Security Stats- April.2002.pdf
Security Stats- March.2002.pdf
Security Stats- February.2002.pdf
Security Stats- January.2002.pdf
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Download the latest News Poll results
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To download the latest .pdf file of Security Systems News' News Poll, just click on the link below;
News Poll- April.2002.pdf
News Poll- March.2002.pdf
News Poll- February.2002.pdf
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Note: If you need the Adobe Acrobat...
In change, timing is everything
April 1, 2002SSN Staff
It was approximately a year and a half ago that Security Systems News was covering the effort to combine three of the industry's associations into one. As many of you know, after months of talks about this idea, one that some said would help strengthen the industry, the proposal was turned down by two associations who did not favor the move at that time -- the Central Station Alarm Association and Security Industry Association.
Now, it appears that change is in store for the one association that...
Financing activity predicted to rise as year progresses
April 1, 2002Joanne Friedrick
Financing activity predicted to rise as year progresses
How do capital providers view 2002?
With optimism and an eye toward new business and increased acquisitions activity, according to interviews with Security Systems News.
While the pendulum has swung in a conservative direction over the past year, Henry Edmonds, chief executive officer of SLP Capital in St. Louis, said it's heading back to where it had been.
"We're coming to the end of the cycle," he said, noting markets and values are stabilizing....
Mallon & Associates to establish $100 million fund
April 1, 2002Chelsie Woods
NEW YORK-Investment banking firm Mallon & Associates is in the process of setting up a $100 million private equity fund that would invest in the security market, perhaps making it the first fund of its kind for this market.
The money would come from a number of private equity funds, with a private equity firm hired to disperse funds. Mallon & Associates is orchestrating the deal and would identify companies to invest in, handle the due diligence, structure the deal, oversee it and design the exit...
Trotter: GE to network systems, synergies
April 1, 2002Chelsie Woods
PLAINVILLE, Conn.- General Electric's entrance into the security market went off without a hitch, with its purchase of holding company Interlogix and its suite of security manufacturing companies closing in late February.
The deal successfully propels GE into the security arena where it is expected to leverage Interlogix's security products and tie them into GE's existing sales channels and other services.
Lloyd Trotter, president and chief executive officer of GE Industrial Systems, the $6 billion...
First Alarm expands in San Jose, Calif.
April 1, 2002Chelsie Woods
APTOS, Calif.-After serving the San Jose market for three years from a small 975 square foot office, First Alarm recently moved into a larger office that will be staffed by 15 technicians.
The need for a new, 6,000 square-foot location follows a recent push by First Alarm to increase its presence in the commercial market through partnering with building and electrical contractors.
"Our commercial fire alarm and access control business in San Jose has grown dramatically to where we have to have...